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> While SoundCloud brought in €17.35m ($15.37m) in 2014, it lost a total of €39.14m ($44.19m). Employee wages during that period also increased 42.5% to €17.9m,
by _ak 11y ago
> While SoundCloud brought in €17.35m ($15.37m) in 2014, it lost a total of €39.14m ($44.19m). Employee wages during that period also increased 42.5% to €17.9m, meaning that the average wage per employee for that year totalled €79,980.
Wow, that is ridiculously high, especially so for Berlin.
- distances 11y agoPerhaps this was the total employee cost for the company, and not the actual pay check the employee herself sees? Then this would be about within expectations.
- passiveincomelg 11y agoWhy do you think that is ridiculously high? Isn't everyone complaining how impossible it is to hire people? As mentioned elsewhere, this number probably includes employee overhead. But even if it didn't, I'd consider that about the minimum for accepting a salaried job. Maybe that's why I'm still contracting... edit: grammar
- roel_v 11y agoHow is that 'ridiculously high'? That's say e4000/month after taxes (if total tax pressure is 40%). These costs also include e.g. the director's salaries, which I presume are more than 80k/year for a 10 year old company with 200 employees.
- distances 11y agoFor developer positions in Berlin 4000 € after taxes would be a considerably high salary.
- roel_v 11y agoGlassdoor says 50-65k before tax for run of the mill 'software dev' in Berlin, with soundcloud being on the upper end of that range; and it seems I underestimated tax pressure with 40%. Considering that 80k is the average (including directors, mgmt, legal, ...), I wouldn't say that those salaries are 'outrageous'.
- neukoelln 11y agoCompanies with hundreds of developers typically have their fair share of junior developers as well that will earn below average.
- neukoelln 11y agoThat would be ridiculously high, but do you believe it? Especially 80k on average?