You forgot to divide by five years. 165 000 USD per head, on average. $80M / (49 + 48) / 5 Edit: the savings likely also include things like benefits, office

You forgot to divide by five years. 165 000 USD per head, on average. $80M / (49 + 48) / 5 Edit: the savings likely also include things like benefits, office space, administration, etc.