Meta is pulling back its investments in a number of products, including the teams it spun up early in the pandemic to compete with Zoom and build shopping features, The Verge <\/em>has learned. In addition to a hiring freeze for certain engineering roles, the company also recently paused the hiring of recruiters and low-level data scientists.<\/p>\n

While the hiring freezes have caused employees to fear that layoffs are around the corner, CEO Mark Zuckerberg said in an internal all-hands meeting last Thursday that job cuts are not being planned. \u201cI can\u2019t sit here and make a permanent ongoing promise that as things shift that we won\u2019t have to reconsider that,\u201d Zuckerberg said, according to a recording of the meeting obtained by The Verge<\/em>. \u201cBut what I can tell you is that as of where we sit today, our expectation is not that we\u2019re going to have to do that. And instead, basically what we\u2019re doing is we\u2019re dialing growth to the levels that we think are going to be manageable over time.\u201d<\/p>\n