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If average salary is 100k then it's about 1 billion a year?
How much the US government lose in taxes?
They’ll get it from tax on profits, and the govt needs to create jobs if they want more taxes
Government's first priority should be to lower inflation and this would unfortunately mean culling down the most inflated sector.
Avg salary is greater than 300K, read Hohns letter
He used median, which is a better measure- ““There is no justification” for Alphabet’s outsize compensation, which is among the highest in Silicon Valley at a median of $296,000 last year—67% higher than Microsoft.”
You are incorrect https://www.tcifund.com/files/corporateengageement/alphabet/20th%20January%202023.pdf
+benefits and office space
If most of these cuts are in US and Europe then it's much higher than that. Remember, in Europe while the salary is less, cost to company is still quite high. And I see a lot of tenured people being let go. So, I'd assume cash salary of 180-200K and the RSUs which won't get vested is a benefit for the existing shareholders. However, the impact of this won't be visible in the current year as there would be severance cost. But roughly, I'd say $2.5Billion increase in bottom-line from 2024 onwards.
They’re gonna hire them all back
Couldn't they have reduced salary for all the employees by say 50k, stop bonuses, reduce the amount on refreshers and avoided layoffs, or is it illegal to do so?
Just thinking, could they have avoided this? The layoffs.
It would be a legal and administrative nightmare to do it. Much easier to fire and start over
While we are expecting higher prices and rates. What a wonderful life. I think we should be raising prices
thought of informing the news. I dont know its true or false. but seems quite beliveable as the investors released a written notice on their website.
More, average makes 300k so I'd assume 400k if they're cutting all the higher level rest and vesters, which would be 4 billion or more...
The average cost per year that’s used per employee that factors in everything is $450K
Average Google employee salary is 300k, so more like 3b a year
That's just salary. There are additional cost to employers.
Not it makes why they have cut those many employees despite making 1b+ in the last quarter.