Facebook is freezing hiring.

$Meta Platforms(FB.US)$ is pausing on hiring and scaling back plans to acquire new talent across the company.
Facebook was trying to "bring the metaverse to life," but unexpected factors such as the war in Ukraine, data-privacy changes, and the easing of pandemic restrictions were pressurizing the company.
Engineering will be the first to be impacted by the freeze, while other roles and units can continue to hire actively, Kalinowski said.
The freezes are effective immediately and are expected to affect other teams in the coming weeks.