Meta Institutes Hiring Freeze, Budget Cuts, Corporate Restructuring

Meta Institutes Hiring Freeze, Budget Cuts, Corporate Restructuring

Social media company Meta is instituting a hiring freeze and warning employees about further restructuring and downsizing.  The announcement came from CEO Mark Zuckerberg on an internal all-hands call, Bloomberg reported. The company, which owns Facebook, Instagram, and Whatsapp, will reportedly be slashing budgets across most teams. This announcement comes just one week after the Wall Street Journal reported certain Meta employees have been told to find new roles in the company or face downsizing. According to that report, workers on a “30-day list” had to quickly find a new role in the company or risk termination. This is the […]

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