Meta Platforms (META) Announces Hiring Freeze, Warns Employees Of Restructuring - Bloomberg

September 29, 2022 2:19 PM EDT

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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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