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.
I think across the economy, a lot of companies overbuilt and then when things went back to pretty close to exactly the way they were before. I think a lot of companies realized they’re not in a good financial place.
Zuckerberg is a miserable motherfucking shit cunt scumbag fuckface.
There’s a HUGE difference, and his statement is very false. Corporate profits were stellar when they shit canned people. Artificial demand reduction thanks to the Fed, which causes layoffs and pain for workers but NOT for corporations whose revenues are still at record highs. The fourth circle of Hell in Dante’s Inferno would be a kindness to executives, the eighth circle, Fraud…that would be where he belongs. Sometimes I hate being an Atheist, because I do wish nothing but misery and torment on the wealthy for all time. I can see where religion gets some serious legs, and during the French Revolution, that’s where they thought they were sending their aristocrats off to.
If only we could have the luxury of that belief too.
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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Zuckerberg is a miserable motherfucking shit cunt scumbag fuckface.
There’s a HUGE difference, and his statement is very false. Corporate profits were stellar when they shit canned people. Artificial demand reduction thanks to the Fed, which causes layoffs and pain for workers but NOT for corporations whose revenues are still at record highs. The fourth circle of Hell in Dante’s Inferno would be a kindness to executives, the eighth circle, Fraud…that would be where he belongs. Sometimes I hate being an Atheist, because I do wish nothing but misery and torment on the wealthy for all time. I can see where religion gets some serious legs, and during the French Revolution, that’s where they thought they were sending their aristocrats off to.
If only we could have the luxury of that belief too.
It’s an adjustment to corporate greed. That’s for sure. My market is completely fucked. Been unemployed since November.
eat a bag of dicks, Zucc
He is right about that one though. When it was happening there were attempts to pin it to the start of a recession.
I am wondering if that was an attempt to try to influence politics to prevent interest rates from increasing.
Having said that, I also want to add: “eat a bag of dicks, Zucc”
Gawd forbid the shareholders don’t see the line go up or the executives take pay cuts.
they “trust” me
the dumb fucks
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.