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> Intel’s chief people officer, explained that the company had been spending approximately $100 million annually on free and discounted food and beverages I ha
by jauntywundrkind 2y ago
> Intel’s chief people officer, explained that the company had been spending approximately $100 million annually on free and discounted food and beverages
I haven't done any napkin math or anything but that seems like a colossal figure.
Ok, napkin math... Intel was at 125k employees, trending down. So $800/employee. If every employee was 5 days a week and used the free-coffee/food-discount every day (obviously not true) that'd be 365*5/7 = 260 days. $800 / 260 = $3/day.
That's at least somewhat believable, in the ballpark of plausibility.
- chrisandchris 2y agoAnd that's 5 billions just for salaries if the average salary is 40k (which maybe is not so far off), and then 100 million is "just 2%" of the salaries.
- roughly 2y agoA problem for large organizations is that all the numbers look big in isolation. $100M seems like a lot of money, but 2% of $5Bn doesn't quite have the same sound, and the 5% efficiency drop because your workers are now having to go figure out where their coffee is coming from and/or updating their linkedin because you've just signaled you don't particularly value their time doesn't seem to register either.