Mark Zuckerberg: Tech layoffs in 2024 have been a natural response to pandemic-era overhiring
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Overhiring and a prevailing industry approach to becoming “leaner” is driving the latest wave of layoffs

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.

  • maynarkh@feddit.nlEnglish
    12·
    9 months ago

    So anyway, how exactly would you like to punish these people, whoever they may be, for not reacting properly to an unprecedented set of events?

    The idea behind the higher pay of CEOs and the appreciation of shares is that the shareholders and CEOs bear exactly this risk. I wouldn’t prohibit layoffs for the reasons you mentioned. I would mandate very generous severance packages and prohibitions on raising workload on other employees.

    • abhibeckert@lemmy.worldEnglish
      4·
      9 months ago

      very generous severance packages

      Zuckerberg has done that - 16 weeks severance for every year you’ve worked there. If you’re a ten year employee, your severance package is three years pay.

      Even if you were only hired a year ago, you’re going to have months at full pay to find another job.

      prohibitions on raising workload on other employees

      Pretty sure Facebook is one of those workplaces where you just work “all day”. It’s not really possible to increase someone’s workload. And with a severance package as generous as the one they’re doing, I can’t imagine why anyone would fire someone who is actually needed.

      • rambaroo@lemmy.worldEnglish
        1·
        9 months ago

        You have no idea what you’re talking about. You can absolutely increase someone’s workload, always. It doesn’t mean shit will get done, but you can absolutely give them more responsibilites.

        And lol at your last sentence. Meta had to hire back some of the people they laid off. It’s hilarious that you think layoffs have anything to do with performance. They don’t. The performance angle is a lie that the vain tell themselves because they think everyone else is lazy. It could never happen to them, except it will, because these layoffs were about cost only.