In other words, all these highly paid developers did not produce something valuable enough to offset their own salaries (and other expenses, so likely 2-3x the salaries).

I suppose these are mostly good, well-working engineers. This should mean that the projects they were working on were mostly useless, bringing too little value for the effort in the short term, or too uncertain benefits at a longer term.

Something did not pan out with the product vision.

Or their value does not show up within a quarterly or annual reporting cycle? Whereas taking them off the payroll has an immediate impact on the bottom line.

And if Meta is indeed stuffed to the gills with highly unproductive yet highly paid people, who is responsible for that? Those people aren’t actually changing.

>In other words, all these highly paid developers did not produce something valuable enough to offset their own salaries (and other expenses, so likely 2-3x the salaries).

The profits from work of those devs are already realized. The future profits might not materialize.