Meta announces hiring freeze, warns staff of possible layoffs: Report

Meta CEO Mark Zuckerberg on Thursday told staff the company will freeze hiring and restructure teams in an effort to cut costs and shift priorities, Bloomberg reported. "I'd hoped the economy would've more clearly stabilized by now, but...it doesn't yet seem like it has," Zuckerberg reportedly said, adding that the measures might also include "managing out" people "who aren't succeeding".