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There is no set end to Facebook’s ongoing hiring freeze as the company looks to cut costs.
Founder and CEO Mark Zuckerberg said in his Wednesday morning note to employees regarding layoffs that a current hiring freeze at Facebook would extend through March of next year at least. The freeze is taking place amid layoffs that impact more than 11,000 employees, or 13% of its workforce.
Zuckerberg noted he will « watch our business performance, operational efficiency, and other macroeconomic factors to determine whether and how much we should resume hiring at that point. » He did not say that the company would lift the freeze at any time.
« This will give us the ability to control our cost structure in the event of a continued economic downturn, » Zuckerberg added in the note.
The first broad freeze in hiring at Facebook, which last year changed its name to Meta, came in early May, when it stopped hiring nearly all levels of engineers, as Insider reported.
