“We regularly re-evaluate our talent pipeline according to our business needs and in light of the expense guidance given for this earnings period, we are slowing its growth accordingly,” a Meta spokesperson told CNBC in an email on Wednesday.
“We experienced a further deceleration in growth following the start of the Ukraine war due to the loss of revenue in Russia as well as a reduction in advertising demand both within Europe and outside the region,” Wehner said on last week’s earnings call.
Wehner reiterated to investors that privacy changes Apple instituted on its iOS devices last year will hurt growth, after the company had already predicted the move would reduce revenue this year by $10 billion.