Facebook has leapfrogged Microsoft and Google’s parent company Alphabet in securing maximum profit per employee in the second quarter of 2017 while Twitter suffered a hefty loss, a report said.
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Facebook:
- Facebook, which employed 20,658 persons in the past quarter.
- A 43 % increase over the same period last year made $188,498 per employee, according to a report.
- Microsoft made $52,400 and Alphabet $46,610 per employee four times less profit per employee than social media giant Facebook in the three months that ended on June 30.
- Verizon, AT&T and Ford followed with $27,405, $15,410 and $10,098 per employ.
- Twitter, which saw a net loss of $116 million last quarter, lost nearly $36,000 per employee.
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- The reason for Facebook’s efficiency is that software products do not require humans for the production and distribution process.
- “Of course, even jobs formerly assigned to humans are coming under the purview of robots so more industries could see consolidation of labour,”.
- The research that was restricted to select major companies that have reported their employee count in their latest quarterly earnings,
- Furthermore,did not include Apple as they do not have a quarterly updated headcount.
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