this post was submitted on 17 Feb 2024
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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 โ€” and there can be benefits to being leaner.

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[โ€“] 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".