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They made about 60 billion dollars or 366k in profit per person before the layoffs.
by magic_man 4y ago
They made about 60 billion dollars or 366k in profit per person before the layoffs.
- ksec 4y agoOk, I will be the usual HN contrarian. $366K net profits per employee at the scale of Google isn’t that impressive. Especially as a software , service company which hold arguably a monopoly.
- JumpCrisscross 4y ago> 366k in profit per person Which drives home the need to cut compensation costs. Three sixty in available spend relates to about a $180k salary. Below market. And that's assuming we're zeroing out shareholders. (EDIT: Whoops, nvm.)
- aaomidi 4y ago“ Trade private equity in technology companies. Former aerospace investment banker and before that, algorithmic equity derivatives trader. FinTech + Space + Materials seed investor." Your bio makes this legitimately so much funnier.
- beisner 4y agothat's profit after employee compensation costs.
- jeffbee 4y agoThat's net profit after they already paid everyone.
- milesskorpen 4y agoThis is profit, not revenue. It already accounts for salaries.
- JumpCrisscross 4y agoI misread gross profit. My bad.
- nick123567 4y agoIncluding or excluding stock based compensation expense?
- muzz 4y agoCapitalism at its finest