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by conradfr 1390 days ago
> 20 percent of its more than 6,400 employees

So ~1280 employees laid off

> Snap said it expects the layoffs, which were first reported by The Verge on Tuesday, to save it $500 million in costs annually.

So $500M / 1280 = $390,625 per employee per year, ~$32,552 per month, wow.

2 comments

Snap had very high salaries for engineers. On Blind, many times I saw TC offers of $500K-700k.
Snap definitely pays on the mid-to-high end of base salary, but TC numbers are always inflated 100-300% by RSUs, so I don't see how TC is relevant.
That’s the cost of an employee, not their salary.