Internal Facebook memo warns company must be disciplined, prioritize ruthlessly
Summary
Facebook-parent Meta has warned employees to expect a tough second half of the year as the company continues to weather challenges related to its core online advertising business amid a weakening economy. The Meta executive added that the company is in "serious times here and the headwinds are fierce," underscoring that its challenges arent likely to vanish anytime soon. "We need to execute flawlessly in an environment of slower growth, where teams should not expect vast influxes of new engineers and budgets," Cox wrote. "We must prioritize more ruthlessly, be thoughtful about measuring and understanding what drives impact, invest in developer efficiency and velocity inside the company, and operate leaner, meaner, better exciting teams." Meta also plans to invest in features that would make it easier for retailers to show ads to customers on its family of apps, and for employees communicate with businesses through messaging.