Business · 2h ago
Zuckerberg Says Meta Layoffs Were Ineffective
Mark Zuckerberg admitted Meta's 2023 layoffs of 21,000 employees failed to improve efficiency. He noted the cuts disrupted operations without achieving intended cost savings. The admission came during an internal meeting, sparking debate on tech workforce reductions.
Meridian48 take
The confession underscores how mass layoffs often fail to fix underlying structural issues, despite being a popular cost-cutting move in tech.
metalayoffs