Meta job postings up by 9% in October 2022
Following the news that Meta said it would lay off 11,000 employees;
Sherla Sriprada, Business Fundamentals Analyst at GlobalData, a leading data and analytics company, offers her view:
“Despite comments around layoffs, data shows that Meta has increased its hiring in October. GlobalData’s Job Analytics Database reveals that Meta’s job postings increased from 775 posted jobs in September 2022 to 841 in October 2022. These positions included machine learning, data science, and iOS/Android related roles.
“While Meta’s job postings were up by 9% globally, its US positions increased by 29%, from 637 in September 2022 to 821 in October 2022.”
Rachel Foster Jones, Thematic Intelligence Analyst at GlobalData, adds: “Excited by its future potential, Meta has plunged all of its resources into the metaverse. These layoffs finally signal Zuckerberg’s recognition that this impulsiveness wasn’t the best course of action.
“Meta appears to be pooling its resources into key growth areas to address its real problems: ad signal loss and competition. Artificial intelligence (AI) and machine learning roles, for example, are crucial to developing its AI-discovery engine—a tool that will deliver more personalized ads while capturing less data. This tool will tackle Apple’s recent privacy changes.”