Meta is pulling back its investments in a number of products, including the teams it spun up early in the pandemic to compete with Zoom and build shopping features, The Verge has learned. In addition to a hiring freeze for certain engineering roles, the company also recently paused the hiring of recruiters and low-level data scientists.
While the hiring freezes have caused employees to fear that layoffs are around the corner, CEO Mark Zuckerberg said in an internal all-hands meeting last Thursday that job cuts are not being planned. “I can’t sit here and make a permanent ongoing promise that as things shift that we won’t have to reconsider that,” Zuckerberg said, according to a recording of the meeting obtained by The Verge. “But what I...
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.