Meta CEO Mark Zuckerberg shared with his employees that they need to brace for a deep economic downturn.
The company has revised its plans to hire 30% less than its original target, going from the initial plan to hire about 10,000 new engineers to around 6,000-7,000.
And it’s not just hiring that’s been affected.
The company is leaving certain positions unfilled in response to attrition and “turning up the heat” on performance management to weed out staffers unable to meet more aggressive goals.
He put it bluntly,”Realistically, there are probably a bunch of people at the company who shouldn’t be here.”