Mark ZuckerbergCEO of Meta, made a somewhat alarming prediction about the economic crisis facing the world.
The war in Ukraine, inflation and energy prices mean that nothing is certain. Zuckerberg He made no secret of his opinion that things were worrying
“We may be facing one of the worst recessions in modern history,” Zuckerberg He said during a question-and-answer session with staff.
“If we’re realistic, there probably won’t be many people in the company.”
Reuters reports that Meta has already told employees internally that it will cut 30 percent of engineers by 2023.
The CEO urged his workers to perform at a higher level in the face of the coming recession.
More pressure on the Meta staff
“Part of my hope to raise expectations, get more aggressive targets and raise the temperature a little bit, is that I think some of you might decide that this place isn’t for you, and that self-selection would be fine for me,” Zuckerberg added.
“We live in tough times and headwinds are fierce. We need to operate in a slower growth environment, where teams should not expect a massive influx of engineers and new budgets.”
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