Meta is reportedly freezing its hiring process and accepting new applicants for positions in the company, and it goes alongside an impending doom for current employees within the company. A possible round of layoffs and downsizing is taking place in Meta, according to the latest reports, with Mark Zuckerberg delivering this news internally.
Meta Freezes Hiring New Applicants
Bloomberg reported that Meta is already freezing the acceptance of new applicants, and the company is no longer hiring interested individuals that want to join the company for their careers. It comes at a time where Meta is facing declining revenue and valuation in the market, particularly because of its poor performance in the past months.
The company is also restructuring and downsizing internally, and it only means that it does not need additional workers or hands to fill in the roles that need new employees.
Zuckerberg brought this news to the company alongside his sentiments on its internal restructure, which is still unprecedented in current events and the state of the business.
Meta Layoffs from Mark Zuckerberg
It comes alongside the company layoffs for current employees in Meta, and the company is already restructuring its departments and offices to "double down" on roles that an individual may do instead of many working on it.
According to Engadget, Zuckerberg addressed the company regarding it, claiming that they expected the economy to stabilize, but that is not the case, especially for Meta, which is facing a massive threat now.
Meta and its Performance Now
Meta is not seeing a significant performance or significance in the world, unlike its previous status as one of the largest social media entities present. One of its known downsides is the metaverse efforts of the company, which is seeing a notable revenue loss in the past months, with its founder and CEO also losing valuation in the billionaire index.
However, it seems that Meta is still intent on pushing for its metaverse efforts in the present, especially as there are no announcements of it pulling the plug on this venture.
According to Harvard experts and academes, Mark Zuckerberg is already failing Meta on his quest to deliver an integrated metaverse to the world. It is known that the company presses forward regarding its plans for the new digital space, aiming to be the first in the world to bring the metaverse experience for all, with its Meta Quest ventures.
With hiring new employees currently on hold and the company seeing restructuring among its ranks, it is unclear what the future holds for Meta and Zuckerberg. The metaverse is still its current focus on developing, aiming to soon bring an experience for all in the new worlds ahead, accompanied by its social media platforms for all.
Related Article : Meta Shuts Down Facebook Accounts Copying European News Outlets; Largest Russian Operation on FB?
This article is owned by TechTimes
Written by Isaiah Richard
