Fears of layoffs as Facebook parent Meta reportedly announces hiring freeze
by Kari Paul and agencies from Technology | The Guardian on (#6478P)
Chief executive Mark Zuckerberg says tech company aims to plan somewhat conservatively' and will further restructure'
Meta employees have been warned of potential layoffs after the Facebook parent company announced on Thursday it would freeze hiring and further restructure", Bloomberg News has reported.
In company communication with employees, chief executive Mark Zuckerberg cited the uncertain macroeconomic environment for the changes. The announcement comes after several tech companies have been forced to slash headcount in recent months, as advertisers trim spending in anticipation of a recession.
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