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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, m
by ptha 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
Seems like a pretty generous wage increase for a company in the red.
- camillomiller 11y agoEspecially given that good talent here in Berlin is much much cheaper. 80k/year scores you some superstar devs, while that's probably the peanuts some out-of-school pre-puberal intern would earn at a Valley startup. What's really expensive here is management people and the way German hire the mid-level management is broken most of the time. I don't know if it's a German thing or a global corporate thing, but I've personally witnessed some pretty interesting hiring horror stories.
- rb2k_ 11y ago80k/year probably includes the 28-ish% "Lohnnebenkosten" (incidental wage costs) So the actual paycheck would be around 60k. I think that's pretty ok for Berlin? Having worked in both, Germany and Silicon Valley, I'd say that the middle management hiring is certainly a bigger problem in Germany than I've seen on either the east or west coast in the US.
- uberger 11y agoNo, it is around 70k/year pre-tax. Note that social sec payments are capped and Arbeitgeberanteil is smaller. http://www.brutto-netto-rechner.info/gehalt/gehaltsrechner-arbeitgeber.php http://www.brutto-netto-rechner.info/gehalt/gehaltsrechner-a...
- uberger 11y agoYes, but the Soundcloud devs are average and as such overpaid. I think it is a combination of non-merit in hiring and a culture that is toxic for good development (favoring coolness to getting things done i.e. effectivity/doing the things that earns money).