Meta will tighten the screws on its employees to be more efficient

[samiaseo75]

If we're being completely realistic, there are probably a good handful of people in the company who shouldn't be here ," Zuckerberg said at a meeting with his employees on Thursday.

Although Meta posted excellent results during the first quarter of the year, the company had already warned that the war in Ukraine could have an impact on its turnover and would therefore lithuania phone number data curtail its initial spending plans in view of such gloomy forecasts .

Facebook 's parent company's decision to take its foot off the accelerator in terms of hiring is a major setback for Meta , which had been increasing its hiring significantly and at an extraordinarily fast pace in recent months. Not in vain, Meta made 5,800 new hires during the first quarter of the year alone.

Before Thursday's meeting with staff, Chris Cox, Meta's chief product officer, reportedly said that the company needed to prioritize more relentlessly and commit much more decisively to efficiency .

Meta shares fell by around 1% last Friday. And so far this year they have suffered a 52% decline (in line with the problems that companies in the "techie" sector have also suffered in recent months ).