Facebook secures maximum profit per employee


San Francisco, Aug 6 (IANS): 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 media report said.

Facebook, which employed 20,658 persons in the past quarter -- a 43 per cent increase over the same period last year -- made $188,498 per employee, according to a report in ReCode.

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.

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.

  

Top Stories


Leave a Comment

Title: Facebook secures maximum profit per employee



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.