Having worked in tech for 20 years and having held exec positions at Fortune 500 companies, I can tell you that every LARGE tech company can blindly and randomly fire 50% of their staff without any dent to their operations. They are all overstaffed.
And by the way they can also reduce the salary of the remaining staff by 50% as they are all overpaid too.
What drives me crazy is how development works. You build a team to launch a new product or service. You launch it. Ok, that team can do do the next thing, right? No. It takes that entire team just to maintain and enhance what was launched. The next product or service has to build a new team. The way SaaS companies approach the development cycle is completely broken.
There’s also a massive push for new features where no one can quantify the impact on revenue, customer satisfaction, or any measurable metric. Most SaaS works are a flat subscription fee. Any new functionality adds cost without adding revenue unless it convinces a new customer to buy. I’ve yet to see or hear of a SaaS company that takes a HW approach. HW starts with target ASP based on the market conditions. You set a target gross margin, then you design the product to fit the cost required to hit the margin. You make design trade offs based on what you think is most important to customers. SaaS companies just want to add everything possible to the service without the ASP changing.
Then there’s the sales commissions for SaaS. It requires very high customer retention, because companies often lose money the first year on new customers.
Can’t do that. Everybody is an employee 
Job size is based on number of SWEs under your supervision.
That’s the problem with software. Not easy to understand, not easy to use, always require huge change in habits and mindset… every apps sound similar until you starts to use it.
Hope you are including executive level too. They are much more overpaid than swe’s.
Elon just did. And I bet he will come out as winner. Overstaffing of SWE does more damage. They create artificial work that later becomes a liability. There is no reason Google cannot operate with 5000 people or Meta with 1000 people. Google was as good a search engine when they were 1000 people. With improvements in productivity I would expect that they need fewer people not more. But alas they bloat up with time, time and again the same mistakes are repeated. And then this leads to slow death of the product and company. This is the death cycle that Elon understands very well and wants to stay ahead of it.
Well 90% of all (non coding) executives can be fired, literally. They are just dead weight.
Oh, you can thin out 50% of management roles. Eliminate every other level and companies would operate smoother. It’s the old telephone game you learn in elementary school. The more people a message goes through the more distorted it becomes. It’s terrifying seeing what happens as things go up the chain then back down.
Ha ha ha !
EM is the owner 
If a person, driving at 120 mph, can apply brake within fraction of second to bring down to 60 mph, they can do it !
Elon will face the same issue, wait and see what happens to TSLA !
BTW: Elon paid way too much for TWTR take over and will struggle to bring back to normalcy.
AAPL, AMZN, GOOGL, FB and MSFT CEOs are not fools!
Besides Meta, all other CEOs are just milking the cow. As @hanera said they are all employees after all.
Do not show your dump headed knowledge to me.
You are half-baked (always 50%) person who does not know anything about running a company!
And you are a flimsy person who would not even keep his words for more than a week. What happened to your vouch of quitting from blabbering garbage on this forum until 2023.
Hey guys - let’s be nice. 
agree to disagree.
Some SWE were laid off of FB.
However, with question about who is hiring, the one person I know got contacted by a recruiter within a week of the announcement by a really good company. Crazy.
I was the owner’s rep when the Twitter headquarters building was remodeled in 1987. It was the Western Merchandise Mart back then.
1m sf. We remodeled the interior. Put in an escalator with glass panels. We did the main foyer with terrazzo floors and a gold gilt ceiling. My job was to keep the designer on budget. He hated me. I got plenty of free furniture and building materials.
How do you get these things free?
They threw away stuff every day. Furnished my office. My house. Got new flooring for my house. Twice a year the vendors stocked the showrooms with new furniture. Then they got rid of lot of the out of date stuff. I got a lot of 80s stuff that was already out of date.