'Too many employees, but few work': Pichai, Zuckerberg sound the alarm

Re:'Too many employees, but few work': Pichai, Zuckerberg so... by mgfist on Wednesday August 10, 2022 @01:51PM (#32415911)

Sure but the big faang stocks literally print more money than every other company (idk maybe aramco or berkshire can compete, but nothing else). So something's working there.

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Re:'Too many employees, but few work': Pichai, Zuckerberg so... by jeffreyrogers on Wednesday August 10, 2022 @02:40PM (#32416600)

Casinos print money too and farms don't. The amount of cash a business throws off is only somewhat related to how much work it requires and how useful it is.

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Re:'Too many employees, but few work': Pichai, Zuckerberg so... by metabagel on Wednesday August 10, 2022 @02:36PM (#32416553)

I think you have it backwards. Highly profitable companies with high growth can afford to be wasteful. Being wasteful isn't what made them successful.

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Re:'Too many employees, but few work': Pichai, Zuckerberg so... by ikrenji on Thursday August 11, 2022 @10:46PM (#32434244)

idk that this conclusion can be made. maybe the wasteful work culture is what enables them to generate high profits...

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Re:'Too many employees, but few work': Pichai, Zuckerberg so... by quickthrower2 on Friday August 12, 2022 @08:09AM (#32437261)

Assuming that in a creative art like programming that efficiency (time spent at keyboard? and cost cutting? you can get 100 staff for the price of 98+ perks!) are the route to profitability is questionable. Add in supply/demand and competition for top talent and skimping on goodies is just bizarre.

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Re:'Too many employees, but few work': Pichai, Zuckerberg so... by Valakas_ on Wednesday August 10, 2022 @05:35PM (#32418749)

What's working is that they have basically monopolies. Hard not to make money when there's no competition.

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