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They’re listed as having 885 employees. If the average cost is $100k per head, 88M/year looks like a pretty high burn rate (they’ve had ~400M in funding). Savin
by ricardobeat 4y ago
They’re listed as having 885 employees. If the average cost is $100k per head, 88M/year looks like a pretty high burn rate (they’ve had ~400M in funding). Saving 10% in one swoop is huge.
> it'd be easier to take a personal hit
Jack Conte, the CEO, was not previously wealthy (that we know of). At this stage he might be getting paid very well, maybe even in the mid six figures, but definitely not spending $8M/year on golfing to make that a viable alternative to layoffs.