Get the latest tech news
Mark Zuckerberg: Tech layoffs in 2024 have been a natural response to pandemic-era over hiring
Over hiring and a prevailing industry approach to becoming “leaner” is driving the latest wave of layoffs
Meta chief executive Mark Zuckerberg believes the wave of layoffs so far in 2024 is largely due to companies seeking a “leaner” workforce in the wake of a pandemic-era hiring boom. Speaking to the Morning Brew Daily podcast last week, Zuckerberg suggested that many organizations ramped up hiring during the onset of the COVID-19 pandemic in 2020 and continued expanding headcounts during the highs of 2021 - but this has come back to bite many. Discussing layoffs at Meta specifically, Zuckerberg said while the decision to cut staff was difficult, it has delivered significant benefits with regard to revenue and cultivating a workforce that is now leaner and more agile.
Or read this on r/technology
