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Why Do Companies Hire Too Many People? And What About Meta’s Earnings?
This week Meta (Facebook) announced revenue growth of 25% year over year and a headcount cut of 22%, with net income soaring to $14 billion, almost a 35% net profit. That spectacular outcome is a result of focus and a clear and rigorous process of reducing headcount.
But the big story is not this company, it’s the big idea that companies often over-hire. And this over-hiring results in bureaucracy, slowdown, and loss of innovation. Just as Meta has learned this, I believe every company has to learn this lesson. In today’s talent-constrained global economy, it’s time to run our companies with a focus on “fewer people” and “more clarity.” This podcast explains.
Additional Information
The Myth of the Bell Curve
The Dynamic Organization Research
HR and HR Technology Predictions for 2024
The Four Day Work Week Arrives
View all episodes
This week Meta (Facebook) announced revenue growth of 25% year over year and a headcount cut of 22%, with net income soaring to $14 billion, almost a 35% net profit. That spectacular outcome is a result of focus and a clear and rigorous process of reducing headcount.
But the big story is not this company, it’s the big idea that companies often over-hire. And this over-hiring results in bureaucracy, slowdown, and loss of innovation. Just as Meta has learned this, I believe every company has to learn this lesson. In today’s talent-constrained global economy, it’s time to run our companies with a focus on “fewer people” and “more clarity.” This podcast explains.
Additional Information
The Myth of the Bell Curve
The Dynamic Organization Research
HR and HR Technology Predictions for 2024
The Four Day Work Week Arrives