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The argument was they saw positive returns for hiring additional people. Revenue grew as they added people. Did they go too far? Maybe. But being timid would ha
by surfmike 4y ago
The argument was they saw positive returns for hiring additional people. Revenue grew as they added people. Did they go too far? Maybe. But being timid would have prevented them from growing as much as they did.
- dragontamer 4y agoProgrammers don't create revenue when they are hired. There is a significant training period where programmers learn the local culture and quirks and tools. It takes a while before they can become effective. Once programmers are effective, it can take months or years or longer before a project they work on gets any significant revenue. --------- Consider all the money Facebook sank into the Metaverse, with nothing to show for it yet. Or consider the typical video game, that takes maybe 3+ years to go from programming into revenue. The 1 to 2 year hiring period from 2020 to 2022? I bet that most of these programmers did not create any revenue by the firing times of Q4 2022. It's just not how this industry works.
- darkwater 4y ago> The 1 to 2 year hiring period from 2020 to 2022? I bet that most of these programmers did not create any revenue by the firing times of Q4 2022 That's why we fire them! /s
- ChuckNorris89 4y ago>The argument was they saw positive returns for hiring additional people. False. They saw positive returns because the market was rocketing up o matter what, which is why they over hired. That, and to signal to investors that "they're healthy and growing".
- whateveracct 4y agohaha show me a thousand-row spreadsheet attaching dollar amount returns to developers and other white collar positions and I'll show you a thousand confident lies.