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Probably? But it's mostly just a return to sanity at this point, though it probably will overshoot as these things usually do. Meta going from 47K employees in
by UncleOxidant 4y ago
Probably? But it's mostly just a return to sanity at this point, though it probably will overshoot as these things usually do. Meta going from 47K employees in 2019 to 81K employees in about 3 years was just crazy, for example. How do you even assimilate that many new employees in such a short time?
- gwd 4y ago> But it's mostly just a return to sanity at this point, That's what the word "correction" implies: That it's going down, not because the business itself is bad or anything in the market has fundamentally changed, but because it was valued "incorrectly" (where "insane" would be an extreme form of "incorrectness"), and that its value is being "corrected".
- majormajor 4y agoI see UncleOxidant as saying it's a 2020-2021 correction, distinct from the larger talk of a correction that's been going around for years now even pre-Covid. I haven't seen signs of that latter, larger one yet. Fingers crossed...
- UncleOxidant 4y agoExactly. Look at graphs of employee growth at the large tech companies between 2019 and 2022 - we're lopping off some of that growth... probably will end up lopping off a lot of that growth before this is over.