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.
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.
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.
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.
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.