4 ms·
I'm not sure how to guesstimate salary costs but $13MM/178 = $73,000 per year per employee. Paying $73,000 per year means that you are paying salary, payroll ta
by ScottWhigham 13y ago
I'm not sure how to guesstimate salary costs but $13MM/178 = $73,000 per year per employee. Paying $73,000 per year means that you are paying salary, payroll taxes, and any benefits. The actual salary, for example, might be $55,000 with ~$10,000 tacked on for payroll taxes and another ~$8000 in various benefits/costs.
An average salary of $55,000 seems a bit low but not by too much. I'd guess that $13m is right around their employee cost. If that's true, the rest of their cash must be funneled towards tech and advertising.
- fatjokes 13y ago$55k at a mature startup like Tumblr would be an insult to a good programmer, who is being flooded with six-fig offers from hedge funds and banks. In NYC, it's almost about what a grad student who interns in the summer would gross in a year.
- ScottWhigham 13y agoI'm guessing that we have different assumptions as to what the 178 people employed there do. Instead of having 178 programmers (thus skewing my original guess), I would expect that a company like Tumbler has probably 50-75 "tech" people (programmers, sysadmins) with the balance being either management or lower level people (brand awareness folks, customer service, assistants, etc). There are going to be fewer management people than others, which means the bulk of their 178 employees in my guess would be lower-level employees. I'm curious to think why you guys think they have most/all of their employees as programmers/devs...
- insaneirish 13y agoNot sure what the breakdown would have been for technical vs. non-technical people, but $55,000/year in New York City (where Tumblr is) is a pittance. You'd be lucky to hire a decent programmer in New York for under $100,000.
- deleted 13y ago[deleted]