Published 2 years ago

Facebook parent to slow hiring as costs mount

Summary by Ground News

Meta Platforms Inc is slowing the growth of its workforce as the Facebook parent looks to rein in costs. Business Insider, citing an internal note to employees, reported that the company was lowering hiring targets and had temporarily stopped hiring for the remainder of the year. Meta Platforms last week recorded its slowest revenue growth in a decade.

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Times of India

Facebook parent Meta to slow hiring as costs mount

"We regularly re-evaluate our talent pipeline according to our business needs and in light of the expense guidance given for this earnings period, we are slowing its growth accordingly," a Meta spokesperson said in an e-mailed statement.

2 years ago·India

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Reuters

Facebook parent to slow hiring as costs mount

Meta Platforms Inc is slowing the growth of its workforce as the Facebook parent looks to rein in costs, the company said on Wednesday.

2 years ago·United Kingdom

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New York Post

Facebook parent Meta orders hiring freeze as growth slows

Facebook parent Meta is instituting a hiring freeze for some higher-level positions – a move that comes as Mark Zuckerberg’s embattled social media giant warns of slowing revenue growth. Meta will …

2 years ago·New York, United States

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CNBC

Facebook plans to reduce hiring as revenue growth slows and inflation concerns increase

Facebook's parent company is pulling back on hiring midlevel or senior-level workers as advertisers reduce spending.

2 years ago·United States

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Channel News Asia

Facebook parent to slow hiring as costs mount

Meta Platforms is slowing the growth of its workforce as the Facebook parent looks to rein in costs, the company said on Wednesday. "We regularly re-evaluate our talent pipeline according to our business needs and in light of the expense guidance given for this earnings period, we are slowing its growth ac

2 years ago·Singapore

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