Meta Platforms pauses hiring, warns of restructuring - Bloomberg News


FILE PHOTO: The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. REUTERS/Arnd Wiegmann/File Photo

(Reuters) -Facebook-parent Meta Platforms will freeze hiring and further restructure amid an uncertain macroeconomic situation, Bloomberg News reported on Thursday, quoting Chief Executive Mark Zuckerberg's communication with employees.

Several tech companies have been forced to slash headcount in recent months as advertisers trim spending to prepare for a looming recession.

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