Mark Zuckerberg: Tech layoffs in 2024 have been a natural response to pandemic-era overhiring
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Overhiring and a prevailing industry approach to becoming “leaner” is driving the latest wave of layoffs

Mark Zuckerberg: Tech layoffs in 2024 have been a natural response to pandemic-era over hiring::Meta CEO Mark Zuckerberg believes companies are still readjusting to pandemic-era hiring tactics amid a flurry of layoffs across the industry.

  • abhibeckert@lemmy.worldEnglish
    310·
    10 months ago

    You can’t fire someone just because they made a mistake. Especially this kind of mistake - it’s easy to look back in hindsight but back then, looking into the future, it was impossible to know how covid would affect the economy.

    I also think Mark is wrong. This isn’t just about covid - it’s also about climate change, and Russia’s war. Two more things that in hindsight have had very clear consequences but where it’s nearly impossible to predict he future.

    We know climate change is bad, we know pandemics are bad, we certainly know war is bad… but how bad will they be? You can only work with rough estimates.

    • rambaroo@lemmy.worldEnglish
      11·
      10 months ago

      Bullshit. People get fired for making mistakes all the time, and this was a colossal fuckup. Instead of firing the people who fucked up they’re punishing employees.

      And lol at the pathetic war and climate change excuses. My company tried to pull the same bs explanation. There’s always some war going on, Ukraine was invaded during the pandemic and that didn’t stop these companies from going on a hiring spree back then.

      Wake up, it’s all a lie for PR. The only thing they give a shit about is servicing investor demands, and investors are a mob who don’t know anything about running any individual business.

      These execs will never admit that they were so stupid that they actually thought the pandemic demand level would be permanent, or that they were such a shill that they did know but overhired anyway because that’s what investors yelled at them to do.