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Amazon had a net income of $33b in 2021 with ~1600000 employees: ~$20k/employee. Exxon had $23b with 63000 employees: ~$360k/employee. I'm just using numbers fr
by crznp 4y ago
Amazon had a net income of $33b in 2021 with ~1600000 employees: ~$20k/employee. Exxon had $23b with 63000 employees: ~$360k/employee. I'm just using numbers from a quick search, and it won't be great because they both have a lot of subcontractors, temporary workers, etc.
The point is that this metric is dominated by the most numerous workers, which probably isn't IT outside of big tech (or even in big tech). The real metric is impact that a particular hire has on the bottom line, which is hard to measure. Really, I think it is more about their separate job markets: Exxon posts positions in Dallas and pays what they have to to fill their positions, Amazon does the same in Seattle and gets a very different set of candidates.
- UIUC_06 4y agoYou actually did the research I suggested! I'm so thrilled. I wouldn't use Amazon since they have so many warehouse workers, unless you can restrict it to IT. I was imagining some data scientist (call her "Diane") at Exxon, getting so-so wages in Dallas, and yearning to triple her salary at Facebook. Exxon just can't do that for Diane, because they have too many middle-managers who make only 30% more than Diane does now.