An Interest In:
Web News this Week
- April 12, 2024
- April 11, 2024
- April 10, 2024
- April 9, 2024
- April 8, 2024
- April 7, 2024
- April 6, 2024
May 5, 2022 05:35 pm
Original Link: https://tech.slashdot.org/story/22/05/05/1735248/facebook-parent-meta-hits-the-brakes-on-hiring-as-growth-stalls?utm_source=rss1.0mainlinkanon&utm_med
Facebook Parent Meta Hits the Brakes on Hiring as Growth Stalls
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.Read more of this story at Slashdot.
Original Link: https://tech.slashdot.org/story/22/05/05/1735248/facebook-parent-meta-hits-the-brakes-on-hiring-as-growth-stalls?utm_source=rss1.0mainlinkanon&utm_med
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot