3 ms·
Keep in mind they've hired 1,000 employees over the last year, so this is more like treading water than actually becoming "lean". Also, a better estimate of em
by lacker 18y ago
Keep in mind they've hired 1,000 employees over the last year, so this is more like treading water than actually becoming "lean".
Also, a better estimate of employee expenses is maybe 150k per, once you include benefits, taxes, et cetera, so this would save around 200 million a year. Yang said the plan is to save around 400 million net so it looks like maybe half of that will come from layoffs.