Mark Zuckerberg explains why so many tech companies are doing layoffs right now (www.businessinsider.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Mark Zuckerberg explains why so many tech companies are doing layoffs right now::Meta's CEO said tech execs realized doing tough layoffs didn't end their companies — and there can be benefits to being leaner.

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[-] MajorHavoc@programming.dev 19 points 9 months ago* (last edited 7 months ago)

"Benefits of being leaner" sounds a lot better to investors, than "we bet the farm on virtual reality having some undiscovered practical use, and we haven't been able to find one".

this post was submitted on 17 Feb 2024

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