Mmm, I was looking at 2021 profit. Anyway, 16b a year is not a factor of 7 off from 30b.
Yeah 2020-21 was wild. Revenue is not profit, though.
7.4% of profit (2/27) versus 50% of profit (2/4) was the factor of ~7 parent was referring to.
Granted these are comparing annual cost versus quarterly figures, but the overall narrative still stands.
> R&D expenses alone are $9bn
Are RSUs included into this number?
why would RSU (a comp element) be included in R&D spending?
Re:Meta lays off 11,000 people
by disgruntledphd2 on Wednesday November 09, 2022 @04:41PM
(#33538301)
Because r&d spending at tech companies means engineers and product.
The quarterly revenue was about $27bn but net profit $4bn, so you're off by a factor of 7 or more on the estimate. R&D expenses alone are $9bn, and the largest operational expense is employee comp, by a LOT, distant second being data centers. For added measure, they also reduced real estate footprint along with the 11k employees.
The company has also essentially doubled in size every year since ~2013, and that was certainly encouraged by false positives in terms of future projections when the pandemic hit. So this is really not surprising, and a major cost-saving function for them.