this post was submitted on 17 Feb 2024
56 points (77.5% liked)

Technology

59429 readers
2968 users here now

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

Our Rules

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

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
56
Mark Zuckerberg explains why so many tech companies are doing layoffs right now (www.businessinsider.com)
submitted 9 months ago by [email protected] to c/[email protected]
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 โ€” and there can be benefits to being leaner.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 2 points 9 months ago* (last edited 9 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.