News for hackers. Stuff that matters.
Re:LinkedIn to cut 960 jobs worldwide by jedberg on Tuesday July 21, 2020 @02:34PM (#23909495)
Last year LinkedIn made $6.8B in revenue. If they hire someone who can make a process .01% more efficient, they would save $680,000. If they pay that person even $400,000/yr plus benefits, they are coming out ahead.

If you find someone who can make things .002% more efficient and pay them $100,000 a year, you've still come out ahead.

At that revenue, it doesn't take much to get an ROI on a new employee.

Re:LinkedIn to cut 960 jobs worldwide by jsnell on Tuesday July 21, 2020 @04:11PM (#23910481)
Making "a" process .01% more efficient is not sufficient in your example. You need (the weighted average of) everything to become that much more effective.

Somebody improving e.g. the build speed by that amount will not be paying back their salary in improved productivity of other developers. While a person who increases the click through rate on ads by 0.02% probably does.

Re:LinkedIn to cut 960 jobs worldwide by jedberg on Tuesday July 21, 2020 @05:44PM (#23911321)
The point is that at that level of revenue, even the smallest contribution pays itself back.