{"id":328008,"date":"2022-05-06T01:38:38","date_gmt":"2022-05-05T20:08:38","guid":{"rendered":"https:\/\/www.www.bullfrag.com\/meta-freezes-new-hires-its-growth-slowed\/"},"modified":"2022-05-06T01:38:38","modified_gmt":"2022-05-05T20:08:38","slug":"meta-freezes-new-hires-its-growth-slowed","status":"publish","type":"post","link":"https:\/\/www.bullfrag.com\/meta-freezes-new-hires-its-growth-slowed\/","title":{"rendered":"Meta Freezes New Hires;  its growth slowed"},"content":{"rendered":"<p><\/p>\n<div>\n<ul>\n<li>\n<h2>In the first quarter, Meta&#8217;s revenue grew just 7 percent.<\/h2>\n<\/li>\n<li>\n<h2>Meta representatives confirmed the hiring pause weeks after executives gave a revenue forecast.<strong>s for the current quarter.<\/strong><\/h2>\n<\/li>\n<li>\n<h2>They explain that if the forecast holds, it would put Meta in danger of posting its first quarterly revenue decline.<\/h2>\n<\/li>\n<\/ul>\n<p>It recently emerged that Facebook parent Meta is instituting a hiring freeze for some top-level positions, a move that comes as the beleaguered <strong>Mark Zuckerberg&#8217;s social media warns of slowing revenue growth.<\/strong><\/p>\n<p>According to data from Statista, the Meta company expanded its workforce continuously throughout the period until it exceeded the figure of 71,970 workers in 2021. <a href=\"https:\/\/es.statista.com\/estadisticas\/600904\/numero-de-empleados-de-facebook\/\" rel=\"nofollow noopener\" target=\"_blank\">This represents an increase in the number of employees of more than 20 percent compared to 2020.<\/a> <strong>Of these, 59 were Facebook workers in Spain, as of 2019.<\/strong><\/p>\n<h2>Meta has no current plans to make layoffs<\/h2>\n<p>After making that news known, a spokesperson for the social media company, <strong>that since last year has been trying to reinvent itself as a metaverse company,<\/strong> He said he has no current plans to make layoffs.<\/p>\n<p>\u201cWe regularly reassess our talent pipeline based on our business needs and, <strong>In light of the expense guidance given for this earnings period, we are slowing its growth accordingly.&#8221;<\/strong> a spokesman told US media outlet The Post.<\/p>\n<p>However, we will continue to increase our workforce to ensure we focus on long-term impact.<\/p>\n<p>Likewise, the news portal explains that Meta representatives confirmed the pause in hiring weeks after the executives gave an income forecast<strong>s for the current quarter that did not meet Wall Street expectations.<\/strong><\/p>\n<p>In that sense, if the forecast holds, it would put Meta in danger of registering its first quarterly revenue decline when it presents the next results.<\/p>\n<h2>Meta revenue grows a little in the first quarter<\/h2>\n<p>This action comes because in the first quarter, Meta&#8217;s revenue grew just 7 percent to $27.9 billion, its slowest rate of expansion since the company went public.<\/p>\n<p>The company indicated that the freeze was enacted after a strong recruitment effort in Meta<strong>so Facebook&#8217;s parent company hired more new workers in its first quarter than it did in all of 2021.<\/strong><\/p>\n<p>Through a statement of results of the company, it is explained that its workforce grew by 28 percent to 77,800 employees in the first quarter.<\/p>\n<p>In that text, the company also highlighted a roadblock in the form of changes to Apple&#8217;s privacy policy, which limited ad-tracking capabilities, which are expected to cost Meta around $10 billion this year.<\/p>\n<p>Meta has also reportedly faced internal pushback from employees for its increased focus on the metaverse, with some workers confused about their responsibilities.  While others have complained online that the company&#8217;s poor performance is hurting their stock options.<\/p>\n<p><strong>Now read:<\/strong><\/p>\n<p class=\"elementor-post__title\">This is what fraud in mortgage auctions looks like;  point out red flags in ad<\/p>\n<p class=\"elementor-post__title\">Selecto Chedraui makes a mistake in advertising and pays the consequences<\/p>\n<p class=\"elementor-post__title\">Netizen shows what Chinese TikTok looks like;  It even has an e-commerce function<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In the first quarter, Meta&#8217;s revenue grew just 7 percent. Meta representatives confirmed the hiring pause weeks after executives gave a revenue forecast.s for the current quarter. They explain that if the forecast holds, it would put Meta in danger of posting its first quarterly revenue decline. It recently emerged that Facebook parent Meta is<\/p>\n","protected":false},"author":74,"featured_media":328009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3447],"tags":[23364,10080,11855,7749,25676],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/files.merca20.com\/uploads\/2022\/04\/Meta-contenido-Facebook-Instagram-.jpg","_links":{"self":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts\/328008"}],"collection":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/users\/74"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/comments?post=328008"}],"version-history":[{"count":0,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/posts\/328008\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/media\/328009"}],"wp:attachment":[{"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/media?parent=328008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/categories?post=328008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bullfrag.com\/wp-json\/wp\/v2\/tags?post=328008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}