Meta slashes hiring plans, girds for 'fierce' headwinds:
cnn.com/2022/07/01/tech/meta-hiring-plans-downturn/
Quick Glance: In an internal Facebook memo, Meta warns employees of "serious times" coming.
- Chris Cox, Chief Product Officer at Facebook-parent Meta, advised employees that the organization must be disciplined and prioritize relentlessly.
- In after-hours trading on Thursday, Meta shares were essentially steady at USD 161.10.
- Meta Platforms Inc, which owns Facebook, has also curtailed plans to hire engineers by at least 30% this year, according to CEO Mark Zuckerberg, who advised employees on Thursday to brace themselves for a severe economic downturn.
- According to Zuckerberg, Meta has cut its objective for hiring engineers in 2022 to about 6,000-7,000, down from an early plan to hire about 10,000 additional engineers.
Story Details
| Last Updated | Jul 02 22 |
| Total Articles | 23 |
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EXCLUSIVE Meta CEO Zuckerberg: engineering hiring target for 2022 reduced to around 6,000-7,000 -employee Q&A
reuters.com/technology/exclusive-meta-ceo-zuckerberg-engineering-hiring-target-2022-reduced-around-6000-2022-06-30/
‘Worst downturn in recent history’: Zuckerberg issues dire warning on economy: As well as cutting plans to hire more staff, Mark Zuckerberg told employees ...
smh.com.au/technology/worst-downturn-in-recent-history-zuckerberg-issues-dire-warning-on-economy-20220701-p5aybl.html
Exclusive: Meta slashes hiring plans, girds for 'fierce' headwinds: Facebook-owner Meta Platforms Inc (META.O) has cut plans to hire engineers by at least 30% ...
reuters.com/technology/exclusive-meta-girds-fierce-headwinds-slower-growth-second-half-memo-2022-06-30/
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EXCLUSIVE Meta CEO Zuckerberg: engineering hiring target for 2022 reduced to around 6,000-7,000 -employee Q&A
reuters.com/technology/exclusive-meta-ceo-zuckerberg-engineering-hiring-target-2022-reduced-around-6000-2022-06-30/
‘Worst downturn in recent history’: Zuckerberg issues dire warning on economy: As well as cutting plans to hire more staff, Mark Zuckerberg told employees ...
smh.com.au/technology/worst-downturn-in-recent-history-zuckerberg-issues-dire-warning-on-economy-20220701-p5aybl.html
Exclusive: Meta slashes hiring plans, girds for 'fierce' headwinds: Facebook-owner Meta Platforms Inc (META.O) has cut plans to hire engineers by at least 30% ...
reuters.com/technology/exclusive-meta-girds-fierce-headwinds-slower-growth-second-half-memo-2022-06-30/
Mark Zuckerberg Makes a Dark Prediction: The CEO of social media giant Meta was cautiously optimistic during the first quarter results.
thestreet.com/technology/mark-zuckerberg-makes-a-dark-prediction
Is Zuckerberg's Meta In Crisis? Company Tells Employees 'Serious Times' Ahead: Mark Zuckerberg's Meta is warning its employees of "serious times" to come in the ...
indiatimes.com/technology/news/is-zuckerbergs-meta-in-crisis-company-tells-employees-serious-times-ahead-573681.html
Meta warns employees of ‘serious times’ ahead in internal Facebook memo | Mint: Chief Product Officer Chris Cox warned employees at Facebook-parent Meta that ...
livemint.com/news/world/meta-warns-employees-of-serious-times-ahead-in-internal-facebook-memo-11656658546387.html
Meta: We need 5x more GPUs to combat TikTok, stat: And 30% fewer new engineers this year
theregister.com/2022/06/30/meta_we_need_5x_more/
Meta slashes hiring plans as Zuckerberg warns employees: Meta Platforms Inc. warned all staff to brace for a severe economic downturn.
adage.com/article/marketing-news-strategy/meta-slashes-hiring-plans-zuckerberg-warns-staffers/2422396
Internal memo: Meta warns of serious times and needs more GPUs - Golem.de: In an internal memo, the Facebook company prepares its employees for headwinds ...
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Meta will cut hiring by 30% due to the looming economic crisis: Meta will cut hiring by 30% due to the looming economic crisis. Meta reduces hiring plans ...
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Stock Market Today: Dow, S&P Live Updates for April 24: A $250 billion exchange-traded fund tracking the Nasdaq 100 got hit in late hours after Meta Platforms ...
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Meta: I Am Aggressively Buying The Drop (Rating Upgrade): Meta Platforms' strong EPS growth prospects, high FCF, and margins make shares an attractive deal for ...
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- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
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Elon Musk Is Once Again Richer Than Mark Zuckerberg as Meta Shares Plunge: Mark Zuckerberg’s fortune plunged $20 billion as shares of Meta Platforms Inc. tumbled ...
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Meta value falls $190bn as investors react to plan to increase spending on AI: Shares slumped 15% after Mark Zuckerberg said AI spending would have to grow ...
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Alphabet’s (GOOGL) Cash Pile Raises Dividend Hopes on Wall Street: Alphabet Inc. is bringing in so much cash that hopes are rising it will take a page out of the ...
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Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
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Why Are Men With Beards So Much More Attractive? We Have Answers.: With one fake beard, Mark Zuckerberg became an object of thirst.
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Meta’s AI Spending Spree Is Boosting Chip, Networking, Server Stocks: Meta Platforms is headed for a phase of aggressive investments as it builds infrastructure ...
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Threads has 150 million monthly users: Meta’s Threads app now has more than 150 million monthly users, an increase of about 20 million new users since February
engadget.com/threads-has-150-million-monthly-users-215853190.html
Meta's value plummets as Zuckerberg admits AI needs more time and money: Revenues up, but is the AI hype bubble is threatening to burst?
theregister.com/2024/04/25/facebooks_value_plummets_as_zuckerberg/
Quick Glance: Meta Invests Heavily in Artificial Intelligence
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Meta Dismay: The Bloomberg Open, Asia Edition: Good morning. Meta plunges on a disappointing outlook. The yen weakens further. And a Klimt painting is sold at a ...
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The Prompt: The Latest AI Startup To Face Reality: Plus: Mark Zuckerberg’s fake beard and AI-generated e-textbooks
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Meta and Tesla: A Tale of 2 CEOs. Why Musk’s AI Plan Trumps Zuckerberg’s, and 5 Other Things to Know Before Markets Open.
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Mark Zuckerberg says Threads has 150 million monthly active users: Threads, the Twitter/X rival from Meta, is growing at a stable pace. The social network now ...
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Apple removes WhatsApp and Threads from China store under pressure from Beijing: Internet regulator orders delisting of two Meta-owned apps over ‘national ...
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Quick Glance: Apple removes WhatsApp and Threads in China
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- Apps delisted due to 'national security concerns'.
- Chinese users now unable to download Western social media apps.
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Microsoft, Snap, Meta, Amazon, AMD, and Other Tech Stocks in Focus Today: Microsoft and Alphabet stock jumped after earnings, while Nvidia, Snap, Amazon ...
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Meta Platforms: Expect Shares To Pop On Strong Earnings, Again: Meta Platforms is poised for impressive advertising revenue growth, expected to capture 50% of ...
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OpenAI and Meta ready new AI models capable of ‘reasoning’ : Upgrades are part of a wave of new large language models being released this year
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Stock market today: GDP growth weaker than expected to start the year: The US economy grew at an annualized rate of 1.6% in the first three months of the year ...
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Meta's Threads now has more daily US users than Musk's X: Launched less than a year ago as a rival for Twitter, Threads is continuing to gain ground with users.
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Meta’s Mark Zuckerberg avoided a cage match with Elon Musk but got a jab in anyway by passing him on the billionaires list
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Quick Glance: NFL - Top-5 Earners per Position: Amon-Ra St. Brown Leads the Way
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Meta’s Oversight Board probes explicit AI-generated images posted on Instagram and Facebook
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Wall St gains after Friday sell-off, Mideast tensions subside: Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as ...
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Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
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