+ as it copes with macroeconomic pressures and data privacy hits to its ads business, according to an internal memo.
DESIGN.FACEBOOK.COM
Meta confirmed hiring pauses in broad terms last month, but exact figures have not previously been reported. The social media and technology company is bracing for a leaner second half of the year, as it copes with macroeconomic pressures and data privacy hits to its ads business, according to an internal memo seen by Reuters on Thursday.
The guidance is the latest rough forecast to come from Meta executives, who already moved to trim costs across much of the company this year in the face of slowing ad sales and user growth.
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