this post was submitted on 17 Feb 2024
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57
Mark Zuckerberg explains why so many tech companies are doing layoffs right now (www.businessinsider.com)
submitted 9 months ago by [email protected] to c/[email protected]
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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 โ€” and there can be benefits to being leaner.

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[โ€“] [email protected] 19 points 9 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 at haven't been able to find one".