Facebook's parent company Meta has given a warning to its employees who have not been able to complete their targets. The company has asked them to be prepared for "serious times" in the times to come. The company's CEO Mark Zuckerberg also revealed that the company is planning to reduce hiring engineers by up to 30% due to the slowdown in the market. Zuckerberg informed Facebook employees about the previous order of Weekly Employee Q&A.
Meta will appoint so many engineers this year: Reports say Zuckerberg can be heard saying that Meta is now going to hire around 6,000 to 7,000 new engineers in just 2022. Not only that, the company first hires more than 10 thousand engineers, the company is going to make huge cuts. The company has called the current economic situation one of the worst in history. Let me tell you, the company is not able to generate much revenue.
Mark Zuckerberg said to employees: To fight this crisis situation, Zuckerberg-led FB is "adding to the heat even more" on performance management and is going to evacuate employees who are unable to complete the target. What's shocking is that Zuckerberg has said, "In fact, there's probably a group of people in the company who shouldn't be here.'' He was heard saying that, "A part of my hope of raising expectations and aiming more aggressively, and just turning the heat a little bit, I think some of you can decide that this place isn't for you and that self-selection is okay with me."
Zuckerberg's statement has been confirmed in an internal memorandum by Chief Product Officer Chris Cox. He wrote, "The company should give more priority and work as a great team.'' According to reports, Meta was shocked this year when daily active users on Facebook declined for the first time in the quarter. Macroeconomic pressures as well as new data privacy changes have also affected the company's core online ad business. As Reuters has shared, the company will take further measures to deal with external economic pressure.