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by anonymouskimmer
1208 days ago
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Most of their employees are of course not devs, and some of the non-dev roles have greater salaries, while some are baristas. I looked up their most recent 10k filing: https://s23.q4cdn.com/574569502/files/doc_financials/2023/q4... From: https://investor.salesforce.com/financials/default.aspx For the 3 months ending in January 31 2023 page 6 has $5.927 billion in operating expenses. Subtract out the $0.828 billion in restructuring costs for $5.099 billion in above the line expenses. For about 80,000 employees this means about $255,000 in expenses per employee. I've never read a 10k before so I hope I'm doing it right. Assuming all of those expenses go away with the employee (which will obviously not be the case), laying off 8,000 employees would save an average of about $2 billion per year. This is the big takeaway from the 10k filing, and I wonder if it changed in the last two months: "Announces Share Repurchase Program increased to $20 billion". |
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