Meta is limiting new employees, as part of their efforts to cut costs As there are tough times ahead for the company. The company is slowing down to hiring most mid to senior-level positions in the company right now as they’ve put recruitment on hold.

Facebook’s latest quarterly earnings results were better than expected, and the daily active users even bounced back a bit above last quarter. However, the company does expect a revenue drug because of the Russian invasion of Ukraine.

Facebook also is nearly going to be losing $10 billion due to the privacy settings change by Apple on iOS as the company announced a new feature that limits advertisers’ access to the IFDA code associated with user devices.

A Meta spokesperson said: “We regularly re-evaluate our talent pipeline according to our business needs and in light of the expense guidance given for this earnings period, we are slowing its growth accordingly. However, we will continue to grow our workforce to ensure we focus on long-term impact.”