Agreed, but there's also an unaddressed issue of whether many (most?) positions at large tech companies provide an actual economic benefit to the company or whether they exist simply because of organizational inefficiencies (Parkinson's Law).
To put it another way, a hire may have been the best candidate out a very selective interview process, but if his position exists simply because of internal silo building, forced ranking - as bad of a system as it is - may work.
Is there any economically valid reason for Meta to have ~75K employees?