Mark Zuckerberg explains why so many tech companies are doing layoffs
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Mark Zuckerberg explains why so many tech companies are doing layoffs
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Re: Mark Zuckerberg explains why so many tech companies are doing layoffs
#2Zuckerberg said that companies are no longer shrinking their employee size simply because of overhiring — they're now realizing there can be benefits to being leaner.
While a lot of tech companies were reluctant to make cuts at first, they realized it didn't spell the end, Zuckerberg said.
Translation: They all saw Twitter cut 80% of its staff and yet is still online.
Re: Mark Zuckerberg explains why so many tech companies are doing layoffs
#3[dead]
Re: Mark Zuckerberg explains why so many tech companies are doing layoffs
#4The "employee count = growth" metric has been gamed.
Re: Mark Zuckerberg explains why so many tech companies are doing layoffs
#5When public markets rewarded growth, you could let costs balloon and hire teams without worrying about profitability. Now, public markets reward profitability so you need to cut costs. Isn’t it that simple and this is just Zuck’s corporate spin on it?
Re: Mark Zuckerberg explains why so many tech companies are doing layoffs
#6Zuckerberg said that companies are no longer shrinking their employee size simply because of overhiring — they're now realizing there can be benefits to being leaner. While a lot of tech companies were reluctant to make cuts at first, they realized it didn't spell the end, Zuckerberg said. Translation: They all saw Twitter cut 80% of its staff and yet is still online.
For executives at companies with higher job security than God, they must spin laying off "talented people we care about" in some positive light like "year of efficiency". So, I wouldn't read too much into whatever they say really is the main driver for these cuts.
Re: Mark Zuckerberg explains why so many tech companies are doing layoffs
#7Zuckerberg said that companies are no longer shrinking their employee size simply because of overhiring — they're now realizing there can be benefits to being leaner. While a lot of tech companies were reluctant to make cuts at first, they realized it didn't spell the end, Zuckerberg said. Translation: They all saw Twitter cut 80% of its staff and yet is still online.
> Translation: They all saw Twitter cut 80% of its staff and yet is still online.
Is it though? Any time there's a Twitter link, clicking on it has at least a 1/3 chance of seeing "Something went wrong. Try again?".
Re: Mark Zuckerberg explains why so many tech companies are doing layoffs
#8Zuckerberg said that companies are no longer shrinking their employee size simply because of overhiring — they're now realizing there can be benefits to being leaner. While a lot of tech companies were reluctant to make cuts at first, they realized it didn't spell the end, Zuckerberg said. Translation: They all saw Twitter cut 80% of its staff and yet is still online.
> Translation: They all saw Twitter cut 80% of its staff and yet is still online. Is it though? Any time there's a Twitter link, clicking on it has at least a 1/3 chance of seeing "Something went wrong. Try again?".
I mean, that was 100% before Elon took over though, not 1/3.
Re: Mark Zuckerberg explains why so many tech companies are doing layoffs
#9Zuckerberg said that companies are no longer shrinking their employee size simply because of overhiring — they're now realizing there can be benefits to being leaner. While a lot of tech companies were reluctant to make cuts at first, they realized it didn't spell the end, Zuckerberg said. Translation: They all saw Twitter cut 80% of its staff and yet is still online.
> Translation: They all saw Twitter cut 80% of its staff and yet is still online. Is it though? Any time there's a Twitter link, clicking on it has at least a 1/3 chance of seeing "Something went wrong. Try again?".
Twitter as a non critical application can afford to malfunction for a couple of minutes or maybe hours even.
I think they're not understaffed, for now. They're delivering new features and fixing most bugs. A understaffed engineering team usually struggles with that.
Re: Mark Zuckerberg explains why so many tech companies are doing layoffs
#10[dead]