April 28, 2023
The workforce at Meta, Facebook’s parent company, could see headcount growth of 1% to 2% next year once current rounds of layoffs are completed, according to comments made this week in an earnings call. The focus when the company starts hiring people will be on high priority areas like generative AI.
“And as we complete our layoffs in April and May, we will resume hiring, and we expect over 1% to 2% headcount growth in 2024 as a result as we ramp up those hiring pipelines,” Meta CFO Susan Li said in a conference call. call with analysts.
But Meta will be focused on efficiency when it comes to bringing people in.
“And as hiring resumes, you’ll find that the biggest areas where we’re hiring will be priority areas like generative AI, advertising, infrastructure, reality labs — some of the areas we’ve talked about,” said Li. .
She also answered questions about how Meta is going to use AI internally and how that plays a role in long-term hiring.
“We certainly don’t yet have enough insight into how AI will make our workforce more productive, but it’s something we’re excited about, and I think we’ll have more clarity on that as more tools are developed to improve employee productivity in improve around the world. the industry,” Li said.
Meta-revenue increased 3% to $28.6 billion; the increase was 6% on a constant currency basis.
The company went through layoffs in November 2022 and the number of employees fell 11% year over year to 77,100. Layoffs in March are not reflected in the number.
Separately, a new report from SIA,”Impact of emerging technologies on workforcediscusses the impact of generative AI on the staffing industry.
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