Meta plans to operate 'leaner, meaner, better executing teams' as it prepares for slower growth for the rest of the year, according to an internal leaked memo

• Meta plans to "operate leaner" as it braces for a macroeconomic slowdown, according to a leaked memo $4.
• In the memo, Meta's chief product officer warned "we are in serious times here and the headwinds are fierce."

Meta plans to trim excess costs as it readies itself for a slowdown in business for the second half of this year, according to an internal memo from Meta's chief product officer $4.

In a note to employees, Chris Cox wrote that the company will "prioritize more ruthlessly" and "operate leaner, meaner, and better executing teams," according to Reuters.

Cox highlighted macroeconomic uncertainty as the reason for the decision, writing "we are in serious times here and the headwinds are fierce."

He also warned that "teams should not expect vast influxes of new engineers and budgets," Reuters reported.

In a comment to Insider, a Meta spokesperson said, "This was simply an internal strategy memo intended to build on what we've already said publicly in earnings about the challenges we face and the opportunities we have, where we're putting more of our energy toward addressing."

The memo comes as experts warn of $4 across industries as companies brace for a possible US recession. Meta's CFO warned of a $4 in advertising revenue earlier this year.

In February, the company reported its $4 in daily active users.

Many tech companies like $4 and $4 have prepared for decelerating growth by $4. While Meta has not announced layoffs, Insider has reported that the company has $4 that will extend through the year.