Mark Zuckerberg explains why so many tech companies are doing layoffs right now

• Mark Zuckerberg said that tech layoffs since the pandemic are due to multiple factors.
• The first wave was due to a course correction from pandemic-era growth and overhiring.
• Meta's CEO said more recent layoffs are because companies realized being leaner can make you "more efficient."

Mark Zuckerberg has a theory for why tech layoffs aren't slowing down: Companies are realizing that, while painful, there are benefits to being "leaner."