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Mark Zuckerberg says Meta’s headcount is expected to shrink given the downturn

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Facebook’s parent company, Meta, has declined to comment on whether it plans to lower its hiring rates or reduce resources at its operations in Ireland.

It comes after CEO Mark Zuckerberg said the company plans to lay off some employees and hire fewer engineers than planned as he expects “one of the worst downturns in recent history”.

Meta currently employs 6,000 people in Ireland. Operations here include the international headquarters, a data center in Meath and a ‘reality lab’ in Cork. It will shortly be moving to new headquarters in Ballsbridge, Dublin 4.

It’s currently trying to develop products and services for the Metaverse, a virtual reality platform that Zuckerberg claims will have over a billion regular visitors within a few years.

But when he called employees this week, Mr. Zuckerberg said the company was now tightening its belts and hiring 30 percent fewer engineers than planned. He also said the company would like to get rid of some employees.

“Realistically, there’s probably a lot of people at the company who shouldn’t be here,” he said in an audio recording reported by Reuters.

“Part of my hope in raising expectations and having more aggressive targets and turning up the heat a bit is that I think some of you might decide this place isn’t for you, and that self-selection is OK for.” me.”

Some vacancies would also not be filled as part of the rationing, he said.

“If I had to bet, I’d say this could be one of the worst downturns we’ve seen in recent history,” he said, explaining the reasons for the belt tightening.

The harsh message was reinforced by Meta’s Chief Product Officer Chris Cox, who warned in an internal memo that product development teams were finding themselves with fewer resources than they anticipated.

Other large US tech multinationals say they currently have no plans to change hiring plans or scale back their operations here, with most still looking to hire hundreds of new employees.

A spokesman for TikTok, now Facebook’s biggest social media competitor, said the Chinese-owned company is still going ahead with a huge expansion of its Dublin base from 2,000 to 3,000 employees. The company announced in May the hiring wave of 1,000 people for its Irish operations.

A spokesman for Google, which employs 9,000 people in Dublin, declined to comment. However, the company is understood not to have changed its hiring plans.

https://www.independent.ie/business/technology/mark-zuckerberg-says-meta-staffing-looks-set-to-shrink-amid-downturn-41807619.html Mark Zuckerberg says Meta’s headcount is expected to shrink given the downturn

Fry Electronics Team

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