How can a company such as Twitter survive even after such a huge percentage of its workforce has been fired?
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Twitter seems to be doing better than ever, I’m thinking this is a classic “too many cooks in the kitchen” scenario. In economics, you have diminishing marginal utility as you hire more people. What this means, is that 5 people aren’t doing 5x the work of 1 person, they’re more doing 4x or 3x the work. As more people are added, there are more useless meetings and people getting in the way. It can get to the point where adding employees is actually *detrimental* and decreases the product put out. Think about office cliques, people talking at the water fountain, etc. The more people you add (without the work to support it), the more these inefficiencies show up. These inefficiencies make the people actually doing work more inefficient too. Think about the distractions bored coworkers can be. Having too many people on a project can be a disaster. I’m an engineer too. I’ve seen this first hand. Oftentimes, less is more. Keep in mind, there’s a clear motivation for you to do the least amount of work possible, while not getting fired. That maximizes happiness. With more bloat, that’s even harder to find.
– I have a business economics minor
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