Filthy Rich Tech Companies Are Entering Crisis Mode

Have you ever noticed that tech companies have an absurd amount of engineers to run a seemingly small number of services? Facebook had as many as 86,000 employees, Google had as many as 190,000 employees, and Apple had as many as 164,000 employees. It may be confusing as to why these companies have so many engineers, but when you take a deeper look, it becomes clear. For starters, many of these companies don’t hire based on need. They hire simply to acquire the best engineers and they work on placing them in positions afterward. On top of this, most of these engineers end up working on features and projects that will either never get released or the consumer will never notice. And finally, these companies have gotten into the mindset that more employees equal more growth, and they’ve been hiring like crazy and chasing infinite growth. But, for the first time, tech companies and startups are starting to see numbers go down and they’re slashing employees left and right. This video explains the overhiring crisis