Comment by prasadjoglekar
2 days ago
This. TFA says this explicitly. Alexander Wang, the former Scale CEO is to approve any new hires.
They're taking stock of internal staff + new acquisitions and how to rationalize before further steps.
Now, I think AI investments are still a bubble, but that's not why FB is freezing hiring.
> They're taking stock of internal staff + new acquisitions and how to rationalize before further steps.
Like a toddler collecting random toys in a pile and then deciding what to do with them.
Perhaps. But more like, there's a new boss who wants to understand the biz before doing any action. I've done this personally at a much smaller scale of course.