Meta, the owner of Facebook, is planning to scale down its hiring activities, CEO Mark Zuckerberg revealed on June 30 while also indicating that some workers will lose their jobs.
Speaking during a weekly employee Q&A session, Zuckerberg expressed worries about the state of the economy, warning workers to brace for a deep economic downturn. “This might be one of the worst downturns that we’ve seen in recent history,” he said, according to Reuters.
