this post was submitted on 19 Feb 2024
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Technology
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He is wrong, and lying.
Can you elaborate?
When layoffs were happening we got doom and gloom messages that recession was imminent and that it was primarily caused by interest rate increases.
A lot of people from tech industry were saying that this is because those companies were over hiring in 2021 and 2022. Now Zuckerberg is saying the same thing, but you are stating that it is a lie. Why?
Because they weren't overhiring. They were hiring enough people to have a healthy workload.
Now it is back to overworking everyone until they quit because of a burn out only to replace them.
Not sure what you do, but 2021 and part of 2022 was crazy in the tech industry and those big companies were hiring like crazy. Smaller places actually had problems finding new employees.
In my company (which normally has a lot of longtimers) a lot of coworkers left during that time, because they found a job somewhere else.
He's gaslighting us. We're possibly heading for a recession in the US. China's real estate market is jacked, Japan and the UK are in a recession. As tied up as our economies are, it would be expected. The one thing I, as someone that is in no way an expert on economics, think could save us is the major economic legislation headed by Biden that has been recently. Actually, I would expect the legislation to solely reduce the impact of a recession.