I’m not sure anyone would think of hearing something like this, but Meta Platforms Inc., a parent of Facebook, will delay its widespread hiring in a bid to cut costs after disappointing sales in the first quarter of 2022.

Meta has been a recruitment company since 2018, with a total workforce of 77,800. However, according to Business Insider, they will begin to freeze hiring or in some cases simply delay in response to a limited budget for the next quarter.

Explaining the move, a Meta spokesman said: “We regularly reassess our flow of talent according to our business needs, and in light of the spending guidelines given for this revenue period, we are slowing its growth accordingly. However, we will continue to increase our workforce to ensure that we focus on long-term impact. “

Meta had already delayed hiring low-level low-level engineers. As the platform registers disappointing quarters, they will now place a bottleneck in mid- and high-level jobs.

Meta appears to have exceeded its Q1 2022 staffing target, with 5,800 new recruits in the last quarter alone.

It is easy to assume that global geopolitical conflict affects sales everywhere and Meta is not free from the guillotine of the supply chain. Meta also faces stiff competition from other social media platforms (the few that have not yet acquired) such as Tiktok, whose basic principle of content consumption is much more casual, faster and interactive than platforms managed by Meta . Their low approach to consumer privacy is also a factor influencing their sales.

It is reported that those who currently hold positions in Meta should not worry, as Meta has not yet announced plans for layoffs in the near future. The report also accompanies a 5% rise in the share price.

https://thetechportal.com/2022/05/06/facebook-meta-hiring-freeze/

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