5 ms·
Really depends on who was let go, since salaries are on such a curve. Back of the envelope guess-timate though, that's 80k per person, and if we use the mean to
by mattnewton 4y ago
Really depends on who was let go, since salaries are on such a curve. Back of the envelope guess-timate though, that's 80k per person, and if we use the mean total comp of 191.8k (an SDE II from levels.fyi), that's 80/191.8*12months = ~5months?
Though this is potentially really wrong because it includes stock which isn't really prorated like that, and doesn't include payroll tax and benefits they won't have to pay.
- MuffinFlavored 4y agoI wish I had some insight as to whether they are planning to lay off another 10,000 employees within the next 6-12 months.
- thekiptxt 4y agoA huge portion of those laid off were not SDEs, which skews this I think.
- MuffinFlavored 4y agoCould skew it the other way, right? As in, directors + managers + VPs make $200k-$300k on the low-ish?
- safog 4y agoBenefits costs add up quite significantly, not just the pay. Pay is made up of base pay + bonus + stock. The stock based comp is weird accounting tricks too where you dilute existing shareholders to pay employees. The direct cost to company there is buy backs but I don't think total buybacks == dilution through SBC. So you have to take into account just the base pay + benefits.
- genghisjahn 4y agoI have heard that an employee's cost to the company is twice the base salary. I have no idea of this is true.