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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Meta to Freeze Hiring to Tighten Budget

A woman holds a smartphone with Meta logo in front of a displayed Facebook's new rebrand logo Meta in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo

Facebook-parent Meta put out the word to employees on Thursday that it will freeze hiring to cut costs as it endures tough economic times, The Wall Street Journal reported.

Meta chief Mark Zuckerberg revealed a planned pause in hiring during a weekly all-hands meeting, the Journal reported, saying the move came as the social media titan planned to cut expenses by at least 10 percent, AFP said.

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