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No, mass layoffs are happening because companies overhired like crazy. (https://www.statista.com/statistics/273563/number-of-facebook-employees/ https://www.sta
by Barrin92 4y ago
No, mass layoffs are happening because companies overhired like crazy. (https://www.statista.com/statistics/273563/number-of-facebook-employees/ https://www.statista.com/statistics/273563/number-of-faceboo...)
Meta / Google employees 2019: 44k / 118k
Meta / Google employees 2022: 86k / 190k
Even after these layoffs virtually all companies retain way more employees than they had three years ago.