Meta Hiring Plans
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Meta Starts Eliminating Jobs in Shift to Find AI Talent
Meta has started notifying “low-performers” that they are being laid off. The company is scouring for new talent to dominate the AI race. The company is offering US-based employees severance packages that include 16 weeks of salary, in addition two weeks for each year of service.
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Meta To Start Layoffs Globally From Next Week: Report
Facebook owner Meta Platforms plans to carry out its expected company-wide layoffs next week while pushing ahead with the expedited hiring of machine learning engineers, it told staffers in internal memos seen by Reuters on Friday.
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Meta To Fire 3,600 Employees; Mark Zuckerberg Says Will Hire New People
Meta plans to dismiss approximately 3,600 employees identified as low performers and replace them with new hires, according to an internal memo reported by Bloomberg on Tuesday.
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IBM to Pause Hiring in Plan to Replace 7,800 Jobs by AI in Coming Years: Report
International Business Machines (IBM) expects to pause hiring for roles as roughly 7,800 jobs could be replaced by Artificial Intelligence (AI) in the coming years, CEO Arvind Krishna told Bloomberg News on Monday.
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Dropbox to Reduce Workforce by 16 Percent, Plans to Hire New Staff for AI Offerings
Cloud storage provider Dropbox said on Thursday it would reduce its global workforce by 16 percent to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. Dropbox's chief executive officer, Drew Houston, said the company's core cloud business growth was slowing as challenges from the economic downturn put pr...
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Meta Planning Lower Bonus Payouts for Some Employees: Report
Meta will reportedly lower bonuses for some employees. The parent company of Facebook will also conduct performance assessments frequently, according to a report citing an internal memo. The bonus multiplier for that grade has been cut to 65 percent from 85 percent earlier.
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Apple Delays Bonuses for Some and Limits Hiring in Latest Cost-Cutting Effort
Apple is delaying bonuses for some corporate divisions and expanding a cost-cutting effort, joining Silicon Valley peers in trying to streamline operations during uncertain times, according to people with knowledge of the situation.
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Facebook Parent Meta Plans Another Round of Job Cuts, May Lay Off Over 1,000 Employees: Report
Facebook-parent Meta Platforms is planning a fresh round of job cuts in a reorganisation and downsizing effort that could affect thousands of workers, the Washington Post reported on Wednesday. Last year, the social media company let go 13 percent of its workforce — more than 11,000 employees — as it grappled with soaring costs and a weak adv...
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Facebook Parent Meta Said to Prepare Large-Scale Layoffs This Week Ahead of Weak Holiday Quarter
Facebook parent Meta is said to be planning to begin large-scale layoffs that are expected to affect thousands of employees this week, according to a report. The company had forecasted a weak holiday quarter and said it anticipated significantly more costs next year, amid the company contending with slowing global economic growth, competition from ...
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Facebook Parent Meta Asked by Shareholder to Cut Jobs, Spending in Open Letter to CEO Mark Zuckerberg
Meta shareholder Altimter said on Monday that the Facebook parent needs to cut jobs and spending, as the firm has lost investor confidence as it ramped up spending and pivoted to the metaverse. The hedge fund, which has a 0.1 percent stake in the company said that huge investments "in an unknown future is super-sized and terrifying, even by Silicon...
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Apple Said to Slow Hiring, Spending Growth for Some Teams Next Year
Apple said to plan to slow hiring and spending growth next year in some divisions to cope with a potential economic downturn, according to people with knowledge of the matter. The decision stems from a move to be more careful during uncertain times, though it isn’t a companywide policy, said the sources. The changes won’t affect all teams, and ...
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Amazon Pauses Construction of 6 Offices to Make Them Suitable for Hybrid Work
Amazon is pausing the construction of six new office buildings in Bellevue and Nashville to re-evaluate the designs to suit hybrid work. However, the delay will not affect Amazon’s hiring plans to create 25,000 jobs in Bellevue and another 5,000 in Nashville. It was earlier reported that Facebook parent Meta Platforms has also pulled back on its ...
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Meta Cuts Hiring Plans By About 30% On 'Fierce' Economic Downturn Risks
Facebook-owner Meta Platforms Inc has cut plans to hire engineers by at least 30 per cent this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn.
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Meta Said to Cut Hiring Plans by 30 Percent in 2022, Zuckerberg Says There Are People 'Who Shouldn't Be Here'
Facebook parent Meta Platforms will reportedly reduce its target for hiring engineers in 2022 to around 6,000-7,000, down from an initial plan to hire about 10,000 new engineers. According to Reuters, the statement comes Meta Chief Executive Mark Zuckerberg, who cited the figure during a weekly employee Q&A session on Thursday.
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Snap to Slow Down Hiring for the Year Following Plunge in Economy, Slashes Quarterly Forecast
Snap said the economy had worsened faster than expected in the last month. CEO Evan Spiegel has laid out a broad slate of problems. This comes days after Uber Technologies and Facebook owner Meta informed that they would rein in costs and hiring.
-
Meta Starts Eliminating Jobs in Shift to Find AI Talent
Meta has started notifying “low-performers” that they are being laid off. The company is scouring for new talent to dominate the AI race. The company is offering US-based employees severance packages that include 16 weeks of salary, in addition two weeks for each year of service.
-
Meta To Start Layoffs Globally From Next Week: Report
Facebook owner Meta Platforms plans to carry out its expected company-wide layoffs next week while pushing ahead with the expedited hiring of machine learning engineers, it told staffers in internal memos seen by Reuters on Friday.
-
Meta To Fire 3,600 Employees; Mark Zuckerberg Says Will Hire New People
Meta plans to dismiss approximately 3,600 employees identified as low performers and replace them with new hires, according to an internal memo reported by Bloomberg on Tuesday.
-
IBM to Pause Hiring in Plan to Replace 7,800 Jobs by AI in Coming Years: Report
International Business Machines (IBM) expects to pause hiring for roles as roughly 7,800 jobs could be replaced by Artificial Intelligence (AI) in the coming years, CEO Arvind Krishna told Bloomberg News on Monday.
-
Dropbox to Reduce Workforce by 16 Percent, Plans to Hire New Staff for AI Offerings
Cloud storage provider Dropbox said on Thursday it would reduce its global workforce by 16 percent to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. Dropbox's chief executive officer, Drew Houston, said the company's core cloud business growth was slowing as challenges from the economic downturn put pr...
-
Meta Planning Lower Bonus Payouts for Some Employees: Report
Meta will reportedly lower bonuses for some employees. The parent company of Facebook will also conduct performance assessments frequently, according to a report citing an internal memo. The bonus multiplier for that grade has been cut to 65 percent from 85 percent earlier.
-
Apple Delays Bonuses for Some and Limits Hiring in Latest Cost-Cutting Effort
Apple is delaying bonuses for some corporate divisions and expanding a cost-cutting effort, joining Silicon Valley peers in trying to streamline operations during uncertain times, according to people with knowledge of the situation.
-
Facebook Parent Meta Plans Another Round of Job Cuts, May Lay Off Over 1,000 Employees: Report
Facebook-parent Meta Platforms is planning a fresh round of job cuts in a reorganisation and downsizing effort that could affect thousands of workers, the Washington Post reported on Wednesday. Last year, the social media company let go 13 percent of its workforce — more than 11,000 employees — as it grappled with soaring costs and a weak adv...
-
Facebook Parent Meta Said to Prepare Large-Scale Layoffs This Week Ahead of Weak Holiday Quarter
Facebook parent Meta is said to be planning to begin large-scale layoffs that are expected to affect thousands of employees this week, according to a report. The company had forecasted a weak holiday quarter and said it anticipated significantly more costs next year, amid the company contending with slowing global economic growth, competition from ...
-
Facebook Parent Meta Asked by Shareholder to Cut Jobs, Spending in Open Letter to CEO Mark Zuckerberg
Meta shareholder Altimter said on Monday that the Facebook parent needs to cut jobs and spending, as the firm has lost investor confidence as it ramped up spending and pivoted to the metaverse. The hedge fund, which has a 0.1 percent stake in the company said that huge investments "in an unknown future is super-sized and terrifying, even by Silicon...
-
Apple Said to Slow Hiring, Spending Growth for Some Teams Next Year
Apple said to plan to slow hiring and spending growth next year in some divisions to cope with a potential economic downturn, according to people with knowledge of the matter. The decision stems from a move to be more careful during uncertain times, though it isn’t a companywide policy, said the sources. The changes won’t affect all teams, and ...
-
Amazon Pauses Construction of 6 Offices to Make Them Suitable for Hybrid Work
Amazon is pausing the construction of six new office buildings in Bellevue and Nashville to re-evaluate the designs to suit hybrid work. However, the delay will not affect Amazon’s hiring plans to create 25,000 jobs in Bellevue and another 5,000 in Nashville. It was earlier reported that Facebook parent Meta Platforms has also pulled back on its ...
-
Meta Cuts Hiring Plans By About 30% On 'Fierce' Economic Downturn Risks
Facebook-owner Meta Platforms Inc has cut plans to hire engineers by at least 30 per cent this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn.
-
Meta Said to Cut Hiring Plans by 30 Percent in 2022, Zuckerberg Says There Are People 'Who Shouldn't Be Here'
Facebook parent Meta Platforms will reportedly reduce its target for hiring engineers in 2022 to around 6,000-7,000, down from an initial plan to hire about 10,000 new engineers. According to Reuters, the statement comes Meta Chief Executive Mark Zuckerberg, who cited the figure during a weekly employee Q&A session on Thursday.
-
Snap to Slow Down Hiring for the Year Following Plunge in Economy, Slashes Quarterly Forecast
Snap said the economy had worsened faster than expected in the last month. CEO Evan Spiegel has laid out a broad slate of problems. This comes days after Uber Technologies and Facebook owner Meta informed that they would rein in costs and hiring.
