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Haha, had the exact same reaction when reading the top comments here.. Google, along with rest of FAANG are massively over staffed, which they could get away w
by hallqv 4y ago
Haha, had the exact same reaction when reading the top comments here..
Google, along with rest of FAANG are massively over staffed, which they could get away with in a zero-interest rate economy when money was super-cheap, but not anymore.
They could all cut 70%+ without significantly hurting their revenue growth, which makes all the economic sense in the world in the current environment.
- capableweb 4y ago> They could all cut 70%+ without significantly hurting their revenue growth Short-term, maybe. But as things start to fall apart, their revenue would surely stop to grow at the same rate.
- hallqv 4y agoI doubt it. Having too many employees is a huge drag on an organizations rate of innovation. Company politics start to run the show.
- capableweb 4y agoAgree, having too many employees is a huge downside, overhead gets incredibly high very quickly. But having too few is also a downside. Trick is to balance it for what you need, something many companies seems to adjust for right now :)
- candiodari 4y agoLook at government finances for 5 seconds. We will be back to 0% interest rates in less than 2 years. For the same reason as explained in margin call: "Its just money; its made up. Pieces of paper with pictures on it so we don't have to kill each other just to get something to eat. It's not wrong. And it's certainly no different ..." Because if we aren't back to 0% in ~2 years the government will be doing its job without money, proverbially killing people just to get something to eat. So I guess, given your comment as that being the cause of huge wages, that's great news for most people here!