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Giving the salary as a median is a good call, that is honestly way too high, or Google/Alphabet is extremely top heavy. Both would be a problem. My initial rea
by mrweasel 4y ago
Giving the salary as a median is a good call, that is honestly way too high, or Google/Alphabet is extremely top heavy. Both would be a problem.
My initial reaction was that investors really shouldn't interfere like that, they can sell their shares if they are unhappy with how the company is run, or vote for a different board next time. In this case I think they have a point. 150.000 is a lot to lay off, but it's also a lot of people to hire within a single year.
You could defend the hiring though. Unless I'm completely off, it does seem like profit are still going up. Ideally their profits should be going down, as they onboard large numbers of support staff to increase their customer service, but those aren't $300.000 a year kinda jobs.
- Thorrez 4y ago>150.000 is a lot to lay off, but it's also a lot of people to hire within a single year. There were not 150,000 people hired in a single year, and the letter doesn't say that.