I initially thought it was a little flippant, but that is actually spot on. The idea seems to be to hire a lot and see what sticks. If that is the case, he seems to see those jobs as fairly easily interchangeable cogs.
I find it mildly amusing.
Naturally, it could just be PR.
you shotgun 50k people, and if even 1% of them are 10x, you'd be ahead. Esp. if those low performers can be removed after a year or two.
500 10x developers for the price of 50,000 developers doesn’t seem like a good deal.