Most big tech companies doubled staffing over the pandemic because they saw a 10% chance that people would continue to spend much more time online after the pan

Most big tech companies doubled staffing over the pandemic because they saw a 10% chance that people would continue to spend much more time online after the pandemic and they didn't want to miss the opportunities associated with that. They knew that if things went back to normal they could just lay all the extra people off and return to normal and the costs associated with that were worth the 10% chance to see massive growth. The idea that there was some sort of mistake seems pretty naive to me. Meta doesn't employ fortune tellers, they just react to the probabilities they see.