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Webboard > Facebook cuts targets for hiring new engineers

JIRA 19 Aug 2022 18:05 IP Address:


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Facebook cuts targets for hiring new engineers







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Meta CEO Mark Zuckerberg answers employee questions In the case of recruiting new employees Revealing the adjustment of employment targets for the position of engineers this year

On July 1, 2022, Mark Zuckerberg, chief executive of Facebook's parent company Meta Platforms, said the company would lower its target of hiring engineers in 2022 to 6,000-. 7,000, which is down from the original plan to hire approximately 10,000 new engineers.


Zuckerberg referred to the number during a weekly employee Q&A session. which was confirmed by Reuters.
The reporter further reported that The first quarter profit of โ€œmetaโ€ and the number of daily users. rose beyond expectations of the US stock market. Although the revenue growth was minimal. Since Facebook went public 10 years ago, Meta's shares have skyrocketed in after-hours trading.

The company earned $7,470 million, or earnings per share of $2.72, for the January-March period, a 21% drop from $9.5 billion, or $3.30 earnings per share, in the prior-year period.

Meta's revenue rose 7% to $27.910 million from $26.17 billion, the slowest growth rate in a decade for the online advertising revenue giant. Usually, revenue growth will be in the double digits.




 
 


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Facebook cuts targets for hiring new engineers
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