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Facebook Suspends Employee Promotions for 2020

By
Alex Heath
· · Source: The Information

Facebook has suspended promotions for its corporate employees for the rest of the year, The Information has learned. The decision to pause promotions in 2020, announced internally to employees Wednesday, comes after Facebook said last week it saw a “steep decrease” in ad sales during March, followed by flat yearly revenue growth in April. Facebook ended the first quarter with 48,000 full-time...

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