3 ms·
> 20 percent of its more than 6,400 employees So ~1280 employees laid off > Snap said it expects the layoffs, which were first reported by The Verge on Tuesda
by conradfr 4y ago
> 20 percent of its more than 6,400 employees
So ~1280 employees laid off
> Snap said it expects the layoffs, which were first reported by The Verge on Tuesday, to save it $500 million in costs annually.
So $500M / 1280 = $390,625 per employee per year, ~$32,552 per month, wow.
- myth_drannon 4y agoSnap had very high salaries for engineers. On Blind, many times I saw TC offers of $500K-700k.
- raydev 4y agoSnap definitely pays on the mid-to-high end of base salary, but TC numbers are always inflated 100-300% by RSUs, so I don't see how TC is relevant.
- whiplash451 4y agoThat’s the cost of an employee, not their salary.