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The article doesn't give out numbers, but we can estimate. As per levels.fyi, an average Software Developer at Twitter earns approximately $160,000/year. Not ev
by epups 3y ago
The article doesn't give out numbers, but we can estimate. As per levels.fyi, an average Software Developer at Twitter earns approximately $160,000/year. Not everyone laid off was a developer but some were also more senior, so let's accept the aforementioned salary as a baseline, roughly $13,000 a month per employee.
There are approximately 2000 litigants so far, and they are each charging for two months of severance that was not paid. So, we approach a figure of $50M USD for collective damages here.
I don't know how much added punitive charges would be added in this case, but at first glance it seems that even at double or triple this estimate would be a rather cheap way of quickly firing a third of your staff for an organization like Twitter.
- dghlsakjg 3y agoI suspect the RSUs will make a few months of salary look like peanuts…