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Great point. It's easy to judge twitter here, and by many different data points FB has been an exceptionally well run company, but engineers are a lot more expe
by encoderer 9y ago
Great point. It's easy to judge twitter here, and by many different data points FB has been an exceptionally well run company, but engineers are a lot more expensive now than they were in 2010. I imagine Twitter has to pay interns today what Facebook was paying experienced engineers in 2010 (100% serious).
- adventured 9y agoI definitely agree with the salary inflation. Here's another interesting contrast between them given that. Twitter has roughly twice as many employees, versus what Facebook had at a comparable monthly active user count. It's costing them something in the neighborhood of $200 million per year to keep those employees. Twitter's organization size was built up on the assumption of a much larger userbase that never materialized. Then their leadership chose not to adjust to the new reality (until perhaps recently, as they seem to be finally focusing on costs).
- mcintyre1994 9y agoWait, Twitter are paying $200m on employees, bringing in $2.5bn and spending $3bn (draining half a billion)? I assumed their biggest expense would be employees, what are they spending $2.8bn/year on? At that scale spending 4x what Facebook spent on employees at the same level (assuming 2x as many with 2x salary inflation) barely registers.