CEOs from Mark Zuckerberg to Sundar Pichai explain why companies are making cuts this year

• Tech industry layoffs are ongoing and widespread, impacting companies like Google, Tesla, and Apple.
• CEOs at big tech companies blame the cuts on overhiring and a shift towards a smaller workforce.
• Companies are also restructuring workforces to prioritize AI development.

Layoffs have been plaguing the tech industry since the start of 2023 — and for many companies, the cuts have continued into 2024 and aren't over.