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bamfalamfa t1_itvpdzj wrote

never forget facebook tripled their employees but saw no revenue growth or new (relevant or impactful) innovation. just pissing money away in cap ex. the big tech companies went on a hiring spree during the pandemic and are now realizing they didnt need 50000 engineers making widgets

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InterestedObserver20 t1_itw120l wrote

Meta's revenue has grown massively over the past 5 years or so. It was 27bn in 2016, 70bn in 2019 and 117bn in 2021. Over what period did they triple employees but see no revenue growth?

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