This. TFA says this explicitly. Alexander Wang, the former Scale CEO is to approve any new hires.

They're taking stock of internal staff + new acquisitions and how to rationalize before further steps.

Now, I think AI investments are still a bubble, but that's not why FB is freezing hiring.

> They're taking stock of internal staff + new acquisitions and how to rationalize before further steps.

Like a toddler collecting random toys in a pile and then deciding what to do with them.

	▲	prasadjoglekar 5 days ago \| parent [-]
		Perhaps. But more like, there's a new boss who wants to understand the biz before doing any action. I've done this personally at a much smaller scale of course.