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Facebook owner Meta has reduced engineer recruitment plans by at least 30% this year, chief executive Mark Zuckerberg told staff on Thursday, warning them of a serious economic collapse.
Meta has lowered its target for recruiting engineers by 2022 to about 6,000-7,000, from the initial plan to recruit about 10,000 new engineers, Zuckerberg said.
In addition to reducing recruitment, he said, the company is leaving certain vacant positions to respond to layoffs and “raising the temperature” in performance management to remove employees who are unable to meet aggressive goals.

Facebook owner Meta has reduced engineer hiring plans by at least 30% this year, chief executive Mark Zuckerberg told staff on Thursday, warning them of a serious economic collapse.
“If I had to bet, I would not say that this could be one of the worst situations we have ever seen in recent history,” Zuckerberg told staff at the Q&A weekly program, which was heard by Reuters.
Meta has lowered its target for recruiting engineers by 2022 to about 6,000-7,000, from the initial plan to recruit about 10,000 new engineers, Zuckerberg said.
Meta confirmed the suspension of employment in broad terms last month, but exact figures have never been reported before.

In addition to reducing employment, he said, the company is leaving certain vacant positions to respond to retrenchment and “raise the temperature” in performance management to eliminate employees who are unable to meet aggressive goals.

The telecommunications company is looking forward to the second half of the year, as it faces major economic pressures and data privacy issues in its advertising business, according to an internal invitation received by Reuters on Thursday.
The company should “prioritize” and “work with the softer, softer, better teams,” said Product CEO Chris Cox in the invitation, from the company’s in-house pre-Q&A workshop.
“I must emphasize that we are in a difficult time here and the storm is raging. We need to act flawlessly in a fast-growing environment, where teams should not expect a huge influx of new engineers and budgets, ”Cox wrote.

The guide is the latest negative prediction for Meta executives, who have continued to cut costs across the company this year due to declining ad sales and user growth.
Technology companies across the board have downplayed their ambitions in anticipation of the US economic downturn, although fluctuations in Meta stock prices have been worse than rivals Apple and Google.
The world’s largest telecommunications company has lost almost half of its market value this year after Meta reported that daily active users of its Facebook application flagship experienced a quarterly decline.
Its austerity drive comes at a deceptive time, accompanied by two major pivots: one aimed at redesigning its social media platforms about “adoption” to win the TikTok short video program competition, another expensive long-term bet. the unpopularity of taxpayers we see with real technology.

In his article, Cox said Meta would need to increase five times the number of graphical processing units (GPUs) in its data centers by the end of the year to support “discovery”, which requires additional computing power to make artificial intelligence known. . posts from all Facebook and Instagram user feeds.
TikTok Reels’ Temporary Video Production Meta video production is growing rapidly, Cox said, as users double the amount of time they spend on Reels each year, in the United States and around the world.

80 percent growth since March came from Facebook, he added.
That user interaction with Reels can provide an important point to reinforce a key point, which has made it important to grow ads on Reels “as soon as possible,” he adds.
Zuckerberg told investors in April that executives viewed Reels as “a big part of the adoption engine vision,” but at the same time described the transformation of the interim video as a “temporary wind” that would gradually increase revenue as advertisers relaxed the format.
Cox said Meta also saw growing opportunities for business messaging and in-app purchasing tools, which, in turn, “reduced signal loss” caused by Apple-led privacy changes.
He said the company’s hardware component “focused on laser” successfully launched its original headset, called code “Cambria,” in the second half of the year.

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