The Wall Street JournalThe Wall Street Journal

It’s the new saying among tech CEOs: I apologize

By Meghan Bobrowsky

11 Nov 2022 · 4 min read

"Sorry, we grew too fast." Tech leaders are having to practice the art of apology a lot these days. The Wall Street Journal explains why.

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Tech leaders who spent years eagerly adding to their staffs are now lining up to deliver a different message: Sorry, we grew too fast.

Mark Zuckerberg on Wednesday joined the ranks of tech executives offering a mea culpa, when the chief executive of Facebook parent Meta Platforms Inc. said the company would cut 11,000 workers, or 13% of its staff. Mr. Zuckerberg told employees that he had believed the sharp shift online after the onset of Covid-19 would be permanent. “I got this wrong and I take responsibility for that,” he said.

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