Technology

59377 readers

3239 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

Mark Zuckerberg: Tech layoffs in 2024 have been a natural response to pandemic-era over hiring (www.itpro.com)

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

35 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] homesweethomeMrL@lemmy.world 3 points 9 months ago (1 children)

He is wrong, and lying.

[–] takeda@lemmy.world 6 points 9 months ago (2 children)

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?

[–] Honytawk@lemmy.zip 1 points 9 months ago (1 children)

Because they weren't overhiring. They were hiring enough people to have a healthy workload.

Now it is back to overworking everyone until they quit because of a burn out only to replace them.

[–] takeda@lemmy.world 1 points 8 months ago

Not sure what you do, but 2021 and part of 2022 was crazy in the tech industry and those big companies were hiring like crazy. Smaller places actually had problems finding new employees.

In my company (which normally has a lot of longtimers) a lot of coworkers left during that time, because they found a job somewhere else.

[–] BackOnMyBS@lemmy.world -1 points 9 months ago* (last edited 9 months ago)

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.