3 ms·
> $180K per employee for years is not sustainable. By what metric? Metas profits the first 3Qs of the year totaled ~$17B. They would have been higher if not fo
by matwood 4y ago
> $180K per employee for years is not sustainable.
By what metric? Metas profits the first 3Qs of the year totaled ~$17B. They would have been higher if not for Zuck's insane spending on the metaverse.
As the letter says, Meta clearly over hired around covid to the tune of 30k+ people. It's normal to pull back some.
Engineers at these companies generate so much economic value, I would argue they are still underpaid at 180k.