Meta Platforms. Inc., the folks who own Facebook, said it has cut hiring plans by 30 percent and is leaving certain positions unfilled in anticipation of the coming bad times. “If I had to bet, I’d say that this might be one of the worst downturns that we’ve seen in recent history,” Zuckerberg said.
Chief Product Officer Chris Cox said in a memo, “I have to underscore that we are in serious times here and the headwinds are fierce. We need to execute flawlessly in an environment of slower growth.”
Published 7/1/2022. Read full article.