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Can some explain to me what 25-50+ engineers do all day at these startups?

My experience is probably skewed, mostly working for SaaS companies providing enterprise B2B software, but the product and engineering team represents only 15-20% of the headcount - the customer success team is often 2-3x larger.

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They will spend time overengineering things because they will get bored due to lack of meaningful work required from them, or have 7 hours per day of meetings

In my experience at SAAS companies, one or two teams alone are responsible for "This huge integration that's gonna change everything I swear! Trust us Yahoo JAPAN is BIG"

I've also usually noticed a lot of inefficiency on the dev-side too (bike-shedding, over-engineering, rewrites).

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