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.
When layoffs were happening we got doom and gloom messages that recession was imminent and that it was primarily caused by interest rate increases.
A lot of people from tech industry were saying that this is because those companies were over hiring in 2021 and 2022. Now Zuckerberg is saying the same thing, but you are stating that it is a lie. Why?
He’s gaslighting us. We’re possibly heading for a recession in the US. China’s real estate market is jacked, Japan and the UK are in a recession. As tied up as our economies are, it would be expected. The one thing I, as someone that is in no way an expert on economics, think could save us is the major economic legislation headed by Biden that has been recently. Actually, I would expect the legislation to solely reduce the impact of a recession.
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He’s not wrong, still an asshole though.
He is wrong, and lying.
Can you elaborate?
When layoffs were happening we got doom and gloom messages that recession was imminent and that it was primarily caused by interest rate increases.
A lot of people from tech industry were saying that this is because those companies were over hiring in 2021 and 2022. Now Zuckerberg is saying the same thing, but you are stating that it is a lie. Why?
He’s gaslighting us. We’re possibly heading for a recession in the US. China’s real estate market is jacked, Japan and the UK are in a recession. As tied up as our economies are, it would be expected. The one thing I, as someone that is in no way an expert on economics, think could save us is the major economic legislation headed by Biden that has been recently. Actually, I would expect the legislation to solely reduce the impact of a recession.