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, Recode reported. Also Read - Windows 11: Release date, top features to expect, how to upgrade and moreAlso Read - Windows 11 could be a free upgrade for you provided you fall in this category
Facebook, which employed 20,658 persons in the past quarter a 43 percent increase over the same period last year made $188,498 per employee. 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. Also Read - Nintendo Direct E3 2021: Metroid Dread, Mario Party Superstars, a new Legend of Zelda and more
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 report added.
The research that was restricted to select major companies that have reported their employee count in their latest quarterly earnings, did not include Apple as they do not have a quarterly updated headcount. ALSO READ: Facebook reports growth in number of women employees