4 ms·
Losing 10 million a year with 100 employees? Either journalists make a lot of money or Buzzfeed News makes next to nothing.
by MattGaiser 5y ago
Losing 10 million a year with 100 employees? Either journalists make a lot of money or Buzzfeed News makes next to nothing.
- prometheus76 5y agoI don't know. If you just straight-out divide 10 million by 100, it comes out to 100,000 per employee. If you spread that out with some management, and take into account that the burdened rate of an employee is typically 1.4 times their salary, that sounds pretty accurate if the company has very little revenue.
- TylerE 5y agoIf we're talking real journalism, I'd expect cost per head to be quite a bit higher than average, due to lots of expensed travel.
- devmor 5y agoIt costs a lot of money to run a business. 100 employees is a lot of people. Even if you paid them nothing more than median wage (~$52k), with healthcare and other HR costs that easily adds up to the lions share of $10 mil. And this is just talking about people. Not servers, office space, equipment, contracts & rental fees, licensing, etc.
- deleted 5y ago[deleted]