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. Continue reading Facebook Cuts Back on Hiring and Threaten to Let Go Underperformers