this post was submitted on 17 Feb 2024
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Mark Zuckerberg explains why so many tech companies are doing layoffs right now (www.businessinsider.com)
submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world
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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 โ€” and there can be benefits to being leaner.

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[โ€“] rambaroo@lemmy.world 2 points 8 months ago* (last edited 8 months ago)

Yes they did make the assumption that it would be permanent, they've literally admitted as much. In many cases they didn't even need the extra staff to begin with. They did it because that's what dipshit investors expected them to do.