Facebook Parent Meta Hits the Brakes on Hiring as Growth Stalls (wsj.com) 18
Facebook parent Meta Platforms has announced a sharp slowdown in hiring, ending an extended period in which the tech giant added thousands of jobs a year. From a report: "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 a statement. "However, we will continue to grow our workforce to ensure we focus on long term impact." Specifically, Meta will be halting, or in some cases slowing, hiring for more mid- to senior-level positions, according to the company. This follows a recent pause on hiring early-career engineers a few weeks back. Like other tech giants, Meta has been a hiring juggernaut in recent years, more than doubling the size of its workforce since 2018. At the end of the first quarter, Meta counted 77,800 full-time employees, up 28% from a year earlier, according to the company's most recent quarterly report. The company doesn't have any plans for layoffs at this time, it said. Meta overshot some of its hiring goals -- it hired more people in the first quarter of 2022 than it did in all of 2021 -- and it is adjusting accordingly, the company said. The shift in hiring strategy comes after a string of disappointing quarters for the social-media company.
What are these people doing again? (Score:2)
Often if you have 78 000 people working highly paid jobs, you would expect to see some kind of outcome or product appear
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Getting Trump elected is a pretty big outcome!
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Mod parent funny but sad, though it isn't the whole story. LOTS of claimants for that title. Basically any group that can claim credit for about 70,000 voters in a few key states back in 2016... The EC really has become fatally broken, but I don't know that a direct popular vote would help that much. Just change the cheaters' tactics.
As for the original question, the answer to "What are the Facebook employees doing?" is "They are engaging us" so as to sell our engagement to advertisers. Not "us" that person
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All I know is due to my hatred of fascists, I won't work for Facebook. Hell, Amazon is evil but I'll still work for them since they don't support fascists.
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Basically the ACK, but I would consider any job if I believed I could actually make the world better by doing it. The sad state of today's world is that there are not many surviving companies to which such notions are still relevant.
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This just means they'll have more contractors working for them
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But it is really strong and enhances growth!
Adds up (Score:1)
Well, Um they have been hitting creators in the wallet over 100% total bullshit issues. When they threaten those who create for them over absolutely nothing they deserved what they get.
Nobody can drive these days (Score:2)
They hit the brakes, forgot the clutch and then growth stalled.
Give the guy his prize who said "unable to drive a manual" in response to "who *ARE* these people?"
get off my lawn
Back in the day, we'd have called FB a fad. (Score:2)
Growth stalls? (Score:2)
Did the Meta-stasizing stop?
Someone found a cure for the cancer?
Please (Score:3)
Please tell me my Facebook metaverse property hasn't dropped in value. I paid a lot of money for it!
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Make sure you add your NFT's to your metaverse property to help increase its value!