Technology

58138 readers

4512 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

Mark Zuckerberg explains why so many tech companies are doing layoffs right now (www.businessinsider.com)

submitted 7 months ago by L4s@lemmy.world to c/technology@lemmy.world

32 comments fedilink hide all child comments

Mark Zuckerberg explains why so many tech companies are doing layoffs right now::Meta's CEO said tech execs realized doing tough layoffs didn't end their companies — and there can be benefits to being leaner.

you are viewing a single comment's thread
view the rest of the comments

[–] GeneralVincent@lemmy.world 2 points 7 months ago

And when they have a good year and do a bunch of hiring, they say to shareholders "look at us growing! We hired 1000 extra people, so our business is booming!"

And when it slows down "we made difficult decisions but are now more efficient than ever! We benefited from the previous growth and now we can run lean again" and apparently shareholders eat that shit up.

I know the saying about not attributing to malice what can be attributed to stupidity... but I think we can say pretty confidently that it's not incompetence, it's deliberate and disgusting