the staff of the Ridgewood blog
Ridgewood NJ, Mark Zuckerberg warns staff Facebook will be ‘turning up the heat’ to weed out underperformers: ‘You might decide this place isn’t for you, and that’s OK with me’. Meta (Facebook) is cutting back on hiring as slow growth and macroeconomic headwinds push the company to downgrade its economic outlook. It will hire 30% fewer engineers this year than planned. The company will also start weeding out staff who are unable to meet certain KPIs. Meta ended the first quarter of 2022 with 28% more full-time employees than it had a year earlier. It started a hiring freeze in May as user growth and ad revenue started decreasing.
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An internal memo at Meta outlines the company’s priorities and challenges to its business going forward. Privacy changes are affecting Meta’s ad business. Meta will deepen its investments in metaverse products, AI, messaging, Reels, monetization, and meeting new privacy requirements. Its teams will have to prioritize more ruthlessly without the help of new staff or budgets.
“I have to underscore that we are in serious times here and the headwinds are fierce. We need to execute flawlessly in an environment of slower growth, where teams should not expect vast influxes of new engineers and budgets. We must prioritize more ruthlessly, be thoughtful about measuring and understanding what drives impact, invest in developer efficiency and velocity inside the company, and operate leaner, meaner, better exciting teams.”
what a creep
Look at his fricking eyes…
Pure evil.
Little tough guy…
yeah, real men piss and moan on the internet.