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/...
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...
As opposed to some dystopia where an exceptionally efficient and low employee organisation makes all the money and there is no/limited distribution of that wealth.
So that “dystopia” can already be considered to be here.
Not sure whether this is more common in the US these days. I know for a fact that a lot of buildings in China are constructed this way.
In real life the goal will be to build automation so that the few owners of the robots can buy more 200m long yachts.