Meta is no longer hiring this year! Xiao Za also said that the more job hopping, the better

Reporting by XinZhiyuan

Editor: Yuan Xie

In early May 2022, Meta's CFO issued a memorandum within the company, saying that it would no longer recruit new people this year.

Earlier this year, the middle-aged editor said: There are four times in the sky, there are four disasters in things, and the news of Internet technology manufacturers will also have four changes every year: a large number of recruitment, a large amount of money, a big fortune, and a great deal of layoffs.

But the God of Creation never loved routines. From 2022 to the present, everyone has found that the news of Internet technology manufacturers has fast-advanced through the three stages of recruitment, money, and financial reporting, and directly to the stage of large-scale layoffs.

The CFO and the head of human resources issued a memorandum, meta 2022 to stop recruiting

However, the news of layoffs is not only available to China's big manufacturers. The unprecedented changes in 2022 have made the world's major manufacturers cool and hot, and they have invariably embarked on the road of suspending recruitment, reducing staff and increasing efficiency.

According to Insider magazine, Meta repeatedly said in its internal notes to employees, company memorandums, etc. that the company is reducing the number of recruitments and suspending the recruitment of most of the code farming projects for the rest of 2022.

It's a rare move by Meta as it tries to rein in spending and shift business priorities. Zuckerberg's factory rarely publicly and directly declares that it is not hiring.

In an internal memo, Facebook's chief financial officer, David Wehner, cited the fighting in Ukraine, the challenges posed by changes in data privacy rules to the business, and the "industry-wide downturn" as an explanation for the hiring freeze and the frustration of the business.

In the memo, David Wehner said the overall result of these reasons was That Facebook's "revenue growth was slower than expected."

In the memorandum, Wehner said: "At the beginning of 2022, the growth targets we have set are very aggressive. However, when we look forward to the second half of the year now, we will have to adjust these target expectations in various ways."

"The company's top brass is still thinking about what this means specifically for each division within Meta, but there's no doubt that this will affect the hiring goals of almost every team in the company."

In response to an inquiry from Insider Magazine, a Meta spokesperson said that the company is now "regularly re-evaluating" its recruitment plans and "adjusting our growth expectations accordingly according to our spending policy for the current revenue quarter and our business needs".

However, the spokesperson also said, "We will continue to expand our workforce to ensure the company's focus on the impact of long-term goals."

Meta also announced last week that it would cut its 2022 spending budget to $92 billion from its initial $95 billion.

Miranda Kalinowski, Meta's head of global recruitment, also told employees across the company in a separate memorandum that the hiring freeze would affect "almost all teams across the company" and that "the company will take a more conservative approach to spending and headcount growth for the remainder of the year."

Her memo also said that data engineers, project managers, and even some executive-level positions would be stopped hiring for the remainder of 2022. Meta's final recruiters for 2022 will be much lower than anticipated at the start of the year.

Meta April suspension of recruitment code farmers: the interview site was abruptly suspended

In March and April, the news that the recruitment of digital engineers had begun to slow down within Meta, and E3 and E4 level code farmers began to stop recruiting at that time. Within Meta, E3 is the entry-level code farmer, and E4 is the lower intermediate code farmer grade.

At that time, the employees within Meta did not know that the company's recruitment was actually completely frozen, and thought that as in previous years, there was a quota adjustment due to business fluctuations.

However, there were already different omens at that time: there was a code farmer who wanted to jump to Meta, and personally experienced the dramatic scene of the sudden recruitment staff notifying the recruitment to cancel the interview suspension during the Meta interview process, and the reason given at that time was that the department suspended all recruitment.

According to Insider magazine sources, this dramatic interruption happened to more than one person, and several interviews with code farmers were abruptly suspended, also for the reason that the department froze recruitment.

In the past decade, Meta's drastic recruitment suspension has only happened once in the early days of the coronavirus pandemic. Because the induction training for new employees at that time was forced to be suspended because employees could not come to work at the company.

However, the recruitment was suspended after the remote work was on the track, and it lasted a short time, which was not as long as the 2022 forecast.

ZUCKERBERG: I'm not afraid of employees jumping ship, the more they go, the better

Although the current workforce situation at Meta is not optimistic, new employees can't get in, and old employees are jumping ship. But Zuckerberg not only has a steady posture, but also openly and boldly says: I am not afraid of employees leaving, and the more they should leave, the better, which is a positive sign.

The specific original words were said by Zuckerberg on the quarterly earnings call.

David Wehner, chief financial officer at the time, said that since the peak of the new crown epidemic, Meta's turnover rate has gradually rebounded, but it is in line with the trend of the number of departures before the new crown period.

But Zuckerberg did not care about his subordinates to give him a round face, and directly said: "At the beginning of the new crown epidemic, the turnover rate of our company suddenly dropped, because people did not want to find new jobs in the uncertain situation." This means that many employees who are now in the company do not really agree with our company's goals, which is not what I want.

And I'm now leading the company to become a global leader in social and metaversics, and I just want employees who care about it and focus on it. If you're like-minded, I have the best team environment here

Our company has seen a lot more about the ups and downs of employee departures, and I think the company is doing well now. I don't think the personnel turmoil that companies are facing right now is necessarily unhealthy, because what remains is the person who wants it. In the long run, the more burdensome it is, the better our company will be."

This domineering president's tone simply makes people suspect that Zuckerberg's personality has also been Trump after using sunscreen to expose his face to Trump's same color spectrum.

Meta currently employs 78,000 people worldwide, 28% more than the previous year. And Meta's stock is now bouncing around at $213, nearly 40 percent lower than a year ago.

From this point of view, Zuckerberg's words are cruel, I am afraid that they are also a little different from the facts. Saying that the future is bright and doing attrition and cost reduction may be a compulsory course for rich bosses.

Resources:

https://www.businessinsider.com/read-the-internal-facebook-memo-detailing-company-wide-hiring-freeze-2022-5