57
Mark Zuckerberg explains why so many tech companies are doing layoffs right now
(www.businessinsider.com)
this post was submitted on 17 Feb 2024
57 points (78.2% liked)
Technology
59696 readers
2022 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
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They never assumed any such thing.
The bean counters know things wax and wane. They hired when the needed the staff, they layoff when it makes financial sense to do so.
The end.
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
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.