May 19, 2022

Meta Platforms Inc (FB.O) is slowing the expansion of its workforce because the Fb father or mother appears to be like to rein in prices, the corporate stated on Wednesday.

“We repeatedly re-evaluate our expertise pipeline in response to our enterprise wants and in gentle of the expense steerage given for this earnings interval, we’re slowing its development accordingly,” a Meta spokesperson stated in an e-mailed assertion.

Enterprise Insider, citing an inside be aware to staff, reported that the corporate was reducing hiring targets and had briefly stopped hiring for the rest of the 12 months.

Meta Platforms final week recorded its slowest income development in a decade, with Chief Govt Officer Mark Zuckerberg additionally saying the corporate would cut back prices.

SOURCE: REUTERS


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