Mark Zuckerberg told Meta staff he's "turning up the heat" on performance goals, Reuters reports. Zuckerberg said he hoped this would cause some employees to leave. This comes as the company enforces hiring freezes and cutbacks in preparation for a slowdown. "If I had to bet, I'd say that this might be one of the worst downturns that we've seen in recent history," Zuckerberg said.

Zuckerberg told Meta staff the company would bring in more aggressive targets. He said the aim was to lose employees who could not meet the targets. "Realistically, there are probably a bunch of people at the company who shouldn't be here," he said. Zuckerberg also said the company had reduced its hiring target for engineers.

Tesla CEO Elon Musk said Tesla will be cutting around 3% of its total workforce over the next three months. Fellow tech giant Amazon said in a leaked May memo obtained by Insider that it would cut hiring targets in its retail business. "We're going to be cutting a lot of people," Musk said.
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