4 ms·
Genuinely curious why Meta (other big companies) hired so much during the pandemic? Did one companies make a strategic business decision to hire more based on p
by washywashy 4y ago
Genuinely curious why Meta (other big companies) hired so much during the pandemic? Did one companies make a strategic business decision to hire more based on project needs, and other companies followed on in a copy cat way? I guess maybe meta was thinking “VR will take off during pandemic and folks won’t be able to put the goggles back down ever”. I could see some companies copying it just to hedge against other companies over-recruiting and snatching some of their employees. Seems almost like a similar copy cat effort is happening now, unless they are all just admitting they over-hired.
- intrasight 4y agoLots of over-hiring. It was a competition for scarce talent with a thinking that talented head count is a prime metric. I think it is, but it only works if that talent is contributing to the bottom line. Poor HR management plays a big role too. I believe that capitalism requires ongoing "culling of the herd" - like 5% every year. This happens in many other businesses. Perhaps tech will now follow suit.
- clolege 4y agoGoogle's grown its workforce by about 15% every year. Which adds up to a lot of people nowadays. https://www.macrotrends.net/stocks/charts/GOOG/alphabet/number-of-employees https://www.macrotrends.net/stocks/charts/GOOG/alphabet/numb...