Meta, the parent company of Facebook and Instagram, is currently dealing with a number of issues, including plummeting stock prices, a dip in revenue, and rising costs of operation. This will likely result in some tough times for the company’s employees, according to Meta CEO Mark Zuckerberg.
The New York Times reports that Zuckerberg addressed the future of the company during a recent internal videoconference meeting and said that he expects one of the “worst downturns that we’ve seen in recent history.” The Facebook founder also warned the staff that their performances will be carefully monitored and that they would have to be more careful with managing the resources at their disposal.
Zuckerberg also told the workers that they were free to go in case they were not okay with these new changes.
“I think some of you might decide that this place isn’t for you, and that self-selection is OK with me,” Zuckerberg said via The New York Times. “Realistically, there are probably a bunch of people at the company who shouldn’t be here.”
Besides expecting some exits, Meta also readjusted its plans for hiring new staff in the future. The company’s previous goal for 2022 was to hire 10,000 new engineers. However, the revised numbers are expected to be around 6,000.