I think there is some truth behind it. Yes, profitability doesn't directly increase with number of employees, but having many has other advantages. For instance

I think there is some truth behind it. Yes, profitability doesn't directly increase with number of employees, but having many has other advantages. For instance you can drive bigger bargains, you can take on bigger customers, you can get bigger loans, and you have a bigger influence on politics, law, etc. I don't believe that 500 to 900 employees makes a big difference, but you can feel a huge difference between 5, 50, 500, 5000 and 50000 employees.