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How did they fail? The spent 1 year salary times 15,000 people times $333,333/man-year. So $5 billion. That's a pretty big cost. On the other hand, it was a hed
by HWR_14 4y ago
How did they fail? The spent 1 year salary times 15,000 people times $333,333/man-year. So $5 billion. That's a pretty big cost. On the other hand, it was a hedge against losing significant opportunities/market share. The question is "was it a good bet".
- thunky 4y agoExactly. Just because they ended up reducing headcount doesn't mean they failed. Success isn't measured from the employee perspective. Everyone here calling for their heads is using the wrong measuring stick.
- HWR_14 4y agoIt's also a success from the employee perspective. Those people got FAANG salaries for a year when they shouldn't have been hired.