Tech

Facebook’s mom meta puts a stop to employment as growth stagnates

Facebook parent company meta platform announced a sharp slowdown in employment, ending a long period in which the tech giant added thousands of jobs annually. From the report: “We are regularly reassessing our talent pipeline based on business needs, and slowing growth accordingly in light of the cost guidance provided during this revenue period,” Mehta said in a statement. “But we will continue to increase our workforce so we can focus on the long-term impact.” In particular, Meta will halt or in some cases slow down hiring for more middle and senior positions, the company said. This is after a recent pause on hiring early career engineers a few weeks ago. Like other tech giants, Meta has more than doubled its workforce since 2018 and has been hiring massively in recent years. According to the company’s most recent quarterly report. The company said it has no plans to fire at this time. Meta hired more people in the first quarter of 2022 than in 2021 as a whole and is adjusting accordingly, the company said. The shift in recruitment strategy came after a disappointing quarter for the social media company.

Facebook’s mom meta puts a stop to employment as growth stagnates

Source link Facebook’s mom meta puts a stop to employment as growth stagnates

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