Meta, the parent company of Facebook, warned its employees of ‘serious times’ ahead, according to an internal memo that was circulated to its employees recently. Here’s the full version of the internal memo.

Meta Platforms, the owners of Facebook, has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees recently, as he warned them to brace for a deep economic downturn.

Meta Platforms veteran Javier Olivan is taking over as the company's chief operating officer after playing a crucial but largely behind-the-scenes role in stoking the social media company's explosive growth for 15 years.

Meta's second most powerful executive Sheryl Sandberg made the shock announcement Wednesday she will leave after a 14-year tenure that included helping steer scandal-prone Facebook to advertising dominance.