July 22, 2024

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Reuters: Meta in ‘biggest age drop’ according to Zuckerberg – IT Pro – News

Meta is currently going through one of the most turbulent periods in modern history, as Mark Zuckerberg acknowledges. Therefore, pressure will be increased on the employees to liquidate the individuals who cannot achieve the new aggressive goals.

Meta will also hire up to 30 percent fewer engineers in the coming months, according to Reuters audio recordings† Meta already announced the conservative appointment of new engineers to shareholders in May, but specific numbers have not been announced yet.

During a weekly question-and-answer session with employees, CEO Mark Zuckerberg can be heard on tapings to call the current slowdown in Meta growth “the worst decline in recent history.” Instead of 10,000 new engineers, Meta plans to hire between 6,000 and 7,000 new people in this position by 2022. It is not clear who those engineers are.

Zuckerberg also suggests that employees will have to leave as well: “Realistically, there are probably a lot of people [binnen Meta] Who shouldn’t be here. I hope that with higher expectations and stronger goals, we can increase the pressure that will make some of you realize that this is not the right job for them. I love this self filtering.”

Reuters also notes from another internal note that the company expects “strong headwinds” in the second half of this year. So employees should not expect an influx of new employees and bigger budgets. In the past six months, Meta has already lost nearly half of its market value.

The toughest times for Meta and its subsidiaries have been around for quite some time now. At the beginning of this year for example, it was announced that the number of daily users of Facebook rejected for the first time† Government agencies are also increasing pressure on powerful social media, for example with a FTC Antitrust Complaint Against Meta’s alleged abuse of power.

Mark Zuckerberg, CEO of Meta, with the Holocake 2 prototype. Image via Meta

Update, 20.00: In the original post, the word “engineer” was translated as “engineer”. However, it is not clear whether Zuckerberg is talking about the actual engineers in the audio clips or not Programming Engineers she has. Therefore, the term was not translated and was instead referred to by the term “engineer”. thanks for the Freeaqingme

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