Highlights

According to Bloomberg reports that Meta CEO Mark Zuckerberg announced plans to stop hiring and restructure some groups within the company

Latest news

Samsung Galaxy M17 5G Review: Best Budget Samsung Phone Under ₹15,000?

Samsung Galaxy M17 5G Review: Best Budget Samsung Phone Under ₹15,000?

OnePlus 15R first look: OnePlus changes the R-series playbook

OnePlus 15R first look: OnePlus changes the R-series playbook

India's retail inflation rises to 0.71% in November

India's retail inflation rises to 0.71% in November

Cabinet approves CoalSETU window for auction of coal to boost industrial use and export

Cabinet approves CoalSETU window for auction of coal to boost industrial use and export

Cabinet approves Minimum Support Price for Copra for 2026 season

Cabinet approves Minimum Support Price for Copra for 2026 season

Fire never left: Vinesh Phogat comes out of retirement, targets LA Olympics

Fire never left: Vinesh Phogat comes out of retirement, targets LA Olympics

Flexible office segment in India set to grow faster, over 25% annually by 2027: Report

Flexible office segment in India set to grow faster, over 25% annually by 2027: Report

Rahul Gandhi flags issue of air pollution, seeks discussion in Lok Sabha

Rahul Gandhi flags issue of air pollution, seeks discussion in Lok Sabha

Meta announces hiring freeze, Zuckerberg blames economy

  • Zuckerberg said most team budgets would be reduced
  • Meta CEO Zuckerberg reportedly announced a hiring freeze to employees
Meta announces hiring freeze, Zuckerberg blames economy

As the tech industry suffers through a slowdown in recent months, Facebook’s parent company Meta announced hiring freeze and “further restructure”.

Acoording to reports, Zuckerberg made these comments during an internal call to employees.

Zuckerberg also said that Meta would reduce budgets across most teams, and that individual teams will have to resolve how to handle headcount changes, the report added.

Zuckerberg reportedly added that budgets will be slashed across most teams at Meta, which owns Facebook, Instagram and WhatsApp.

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.

ADVERTISEMENT

Up Next

Meta announces hiring freeze, Zuckerberg blames economy

Meta announces hiring freeze, Zuckerberg blames economy

Microsoft commits USD 17.5 billion investment in India: CEO Satya Nadella

Microsoft commits USD 17.5 billion investment in India: CEO Satya Nadella

CBI books Anil Ambani's son, Reliance Home Finance Ltd. in Rs 228 crore bank fraud case

CBI books Anil Ambani's son, Reliance Home Finance Ltd. in Rs 228 crore bank fraud case

RBI raises FY26 GDP growth projection to 7.3 pc

RBI raises FY26 GDP growth projection to 7.3 pc

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

ADVERTISEMENT

editorji-whatsApp

More videos

Reliance completes merger of Star Television Productions with Jiostar

Reliance completes merger of Star Television Productions with Jiostar

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

Nifty hits record high after 14 months; Sensex nears all-time peak

Nifty hits record high after 14 months; Sensex nears all-time peak

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

ED attaches fresh assets worth over Rs 1,400 cr in case against Anil Ambani's Reliance Group

ED attaches fresh assets worth over Rs 1,400 cr in case against Anil Ambani's Reliance Group

India signs one-year deal to import 2.2 million tonnes of LPG from US

India signs one-year deal to import 2.2 million tonnes of LPG from US

India International Trade Fair begins at Pragati Maidan amid tight security

India International Trade Fair begins at Pragati Maidan amid tight security

Stock markets decline in initial trade on foreign fund outflows, weak Asian peers

Stock markets decline in initial trade on foreign fund outflows, weak Asian peers

Amazon to lay off 30,000 office workers amid AI-driven cost cuts

Amazon to lay off 30,000 office workers amid AI-driven cost cuts

US sanctions on Russian firms to hit Reliance; PSUs likely to keep buying Russian oil via traders

US sanctions on Russian firms to hit Reliance; PSUs likely to keep buying Russian oil via traders

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.