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by paxy 3111 days ago
For a company with offices in the most expensive cities in the world $120K is likely closer to the starting salary than the median.
2 comments

There are a lot of people that work at tech companies that aren’t highly paid engineers. GP specifically called out engineers at a higher salary, so GP was obviously including receptionists, admin staff, etc. I’d be shocked to find that the starting salary anywhere around here is 120k.
Ok, but you also seem to be doing math that assumes salary is fully loaded headcount cost; fully loaded cost is (rule of thumb) 1.5-2.5x salary.
Most of Shazam's engineering is in London. Going rates for engineers in London are way below the valley. Facebook/Google/Apple pay UK engineers about 30-40% less than their US counterparts.
I have it from a first hand account that FB pays 25% less in London than in Menlo Park fwiw.