Meta announces hiring freeze, warns employees of restructuring
> “I had hoped the economy would have more clearly stabilized by now, but from what we're seeing it doesn't yet seem like it has, so we want to plan somewhat conservatively,” Zuckerberg said. A Meta spokesperson declined to comment.<p>The economy <i>is</i> stabilizing. It's being weaned off of ultra-loose money for the first time in years. The stock market is starting to behave more rationally, demanding that a company whose earnings potential is sinking and which offers no dividend be valued accordingly.<p>> ... Meta had more than 83,500 employees as of June 30, and added 5,700 new hires in the second quarter.  ...<p>FWIW, 28 % annualized hiring growth for a company the size and age of Meta is not normal. It's a sign of mismanagement and especially loss of focus.