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.
Facebook, which employed 20,658 persons in the past quarter – a 43 percent increase over the same period last year – made USD$188,498 (Roughly 682 million UGX) per employee, according to a report in ReCode.
Microsoft made USD$52,400 (Roughly 189.5 million UGX) and Alphabet USD$46,610 (Roughly 168.7 million UGX) 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 USD$27,405 (Roughly 99 million UGX), USD$15,410 (Roughly 55.7 million UGX) and USD$10,098 (Roughly 36.5 million) per employee respectively.
Twitter, which saw a net loss of USD$116 million last quarter, lost nearly USD$36,000 per employee.
The reason for Facebook’s efficiency is that software products do not require humans for the production and distribution process.
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.
credit: NDTV news
