Meta, the owner of Facebook, is planning to scale down its hiring activities, CEO Mark Zuckerberg revealed on June 30 while also indicating that some workers will lose their jobs.
Speaking during a weekly employee Q&A session, Zuckerberg expressed worries about the state of the economy, warning workers to brace for a deep economic downturn. “This might be one of the worst downturns that we’ve seen in recent history,” he said, according to Reuters.
Initially, Meta had aimed at hiring around 10,000 new engineers this year, which has now been reduced to around 6,000 to 7,000. In addition, the company is also expecting to force some of its workers to quit….