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I'm confused. The article specifically states that Meta cut 25% of its workforce since 2022 (that's not counting the 5% that are being reported). What overhirin

I'm confused. The article specifically states that Meta cut 25% of its workforce since 2022 (that's not counting the 5% that are being reported). What overhiring?

NBJack 2y ago
Have you looked at their numbers on and before 2022? They very much over-hired a crazy amount. Zuckerberg admitted as such through his statements on "over investing". https://about.fb.com/news/2022/11/mark-zuckerberg-layoff-message-to-employees/ https://about.fb.com/news/2022/11/mark-zuckerberg-layoff-mes... And if that wasn't enough: https://www.itpro.com/business/business-strategy/mark-zuckerberg-tech-layoffs-in-2024-have-been-a-natural-response-to-pandemic-era-over-hiring https://www.itpro.com/business/business-strategy/mark-zucker...
Redoubts 2y ago
A lot of companies doubled in size due to the Covid surge, for questionable strategic reasons