Meta Platforms (META) Announces Hiring Freeze, Warns Employees Of Restructuring - Bloomberg
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Price: $496.98 +2.66%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +25.6%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +25.6%
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(Updated - September 29, 2022 2:22 PM EDT)
Facebook and Instagram parent Meta Platforms' (NASDAQ: META) CEO Mark Zuckerberg said it will freeze hiring and restructure some teams in an effort to cut costs and shirt priorities, according to Bloomberg, citing a weekly Q&A with employees.
The report cites a person in attendance.
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