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Maybe employment isn’t all it’s cracked up to be. Maybe the goal is to build automation to the point that the moral imperative to labor isn’t as imperative.

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bobbylarrybobby3y ago

Inflation adjusted revenue per employee even more so

adverbly3y ago

Isn't that still missing a massive piece of context? What about costs?

onlyrealcuzzo3y ago

The irony is that FB would probably be doing pretty well if not for spending $10B per year on the Metaverse.

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arnon3y ago

Revenue is nice but revenue-per-full-time-employee is a more meaningful metric.

hammockOP3y ago

Feel free to add that value, this is a public forum

arnon3y ago

Revenue in 2021: 33,671 M USD

Revenue in 2022: 32,165 M USD

FTEs in 2021: 71,970

FTEs in 2022: 86,482

Revenue-per-FTE in 2021: $467,847

Revenue-per-FTE in 2022: $371,927

That's 21% less revenue per FTE.

[1] 2022 results https://investor.fb.com/investor-news/press-release-details/...

[2] 2021 results https://investor.fb.com/investor-news/press-release-details/...

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Quarrelsome3y ago

meaningful for profitability, but surely having more employees can be of benefit to society.

newaccount20233y ago

> but surely having more employees can be of benefit to society.

that is how the Soviet Union worked...they just cut to the chase and had the state employ everyone directly

strange how an economy can fail with full employment...