[lotsofpulp]

Their comment reads to me as if businesses hire employees (regardless of the work they do, since we are discussing employees that don't do anything) because investors consider employees as R&D (even useless ones).

Either way, there is no data I have seen to suggest market cap correlates with number of employees. The strongest correlation I see is to net income (aka profit), and after that would be growing revenues and/or market share.