Meta Will Freeze Most Hiring, Zuckerberg Tells Employees

[RandySF]

In May, Mark Zuckerberg, Meta’s chief executive, froze hiring for engineers and low-level data scientists.

In July, Mr. Zuckerberg warned employees to buckle up for an “intense period” of 18 to 24 months, and asked managers to start identifying weak performers.

This week, he told his employees that the company would freeze hiring and reduce budgets across most teams at Meta, leading to layoffs in parts of the company that have previously seen unchecked growth.

It was the most recent sign of trouble for the company previously called Facebook. For years, Meta reported record growth, impressing its investors with its ability to exceed financial forecasts and deliver revenue. But this year’s quarterly earnings reports have been less rosy, as Meta grapples with upheaval in the global economy as well as competitive and regulatory threats.




https://www.nytimes.com/2022/09/29/technology/meta-hiring-freeze.html

[TheBlackAdder]

1. More like people are tired of your data mining and subversive political operations.

[Hermit-The-Prog]

2. Fuckerberg has gotten rich promoting hate speech and destabilizing governments.

[JI7]

3. I would love it if this went the way of myspace

[Meadowoak]

4. +1

[Amishman]

7. Doubtful, well established at this point. But they have also plateaued

Active account growth has leveled off at only 3% annual, and there is question about how much of that is bot vs real.

They aren't a fast growing tech start-up anymore.

That being said, I've love to see Facebook collapse. Hate it and the damage it is causing to society.

[brush]

5. Typical republican moves.

[Botany]

6. The Cambridge Analytica Scandal Is What Facebook-Powered Election Cheating Looks Like

https://slate.com/technology/2018/03/the-cambridge-analytica-scandal-is-what-facebook-powered-election-cheating-looks-like.html

Facebook quietly paid $5 billion penalty for rat fucking the 2016 elections because if you read something on Facebook
in 2016 about Hillary's email "scandal" on facebook you were reading Russian disinformation that was micro-targeted
by using algorithms from Cambridge Analytica. Zuckerberg was well aware of what was going on such as programs that
let trump campaign/C.A./Russian hackers read people's key strokes. God only knows how much $ Zuckerberg got in
the rat fucking of America.

Link to tweet