Summary :
Facebook will “steadily reduce headcount growth over the next year,” and “many teams” already in place at the company “will shrink so we can shift energy to other areas inside the company
Insider this week reported that significant cuts to headcount are in the works at the company, with a reduction of as much as 10% of overall headcount possible this year. Zuckerberg said while the company went on a hiring spree earlier this year, he expects overall headcount to “decline over time.”
Facebook has been attempting to dial back spending and has drastically slowed hiring after about two years of hyper growth during the pandemic.
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