Re:Coinbase lays off around 1,100 employees
by yellowapple on Tuesday June 14, 2022 @04:27PM
(#31745584)
> If you think billionaires should exist at all
That's a big "if". It's pretty dang hard to amass that much wealth without robbing the people around you.
That's indeed pretty generous severance-wise, but that $110,000,000 happens to be enough to keep each and every one of those laid-off employees on the payroll for another year (assuming $100k/year salary).
Re:Coinbase lays off around 1,100 employees
by aetherson on Tuesday June 14, 2022 @04:38PM
(#31745736)
Well, assuming $100k total cost of employment to the company. My guess is that the per-employee total cost of employment to Coinbase is at least twice that.
That's a big "if". It's pretty dang hard to amass that much wealth without robbing the people around you.
That's indeed pretty generous severance-wise, but that $110,000,000 happens to be enough to keep each and every one of those laid-off employees on the payroll for another year (assuming $100k/year salary).