Meta isn't the only large company to brace itself for an economic downturn.

https://www.businessinsider.com/mark-zuckerberg-upping-goals-thin-out-meta-staff-2022-7
"

• Mark Zuckerberg told Meta staff he's "turning up the heat" on performance goals, Reuters reported.
• Zuckerberg reportedly said he hoped this would cause some employees to leave.
• The company has implemented hiring freezes and cutbacks in preparation for a slowdown.

Meta isn't the only large company to brace itself for an economic downturn.

Amazon said in a leaked memo in May that it would cut hiring targets in its retail business.

Microsoft is also slashing hiring targets, according to an internal June email seen by Insider.

And Tesla CEO Elon Musk said in June that Tesla would cut about 3% of its total workforce over the next three months. "