Musk’s Twitter Purchase Was a Leveraged Buyout

Re:Musk’s Twitter Purchase Was a Leveraged Buyout by jjeaff on Friday November 04, 2022 @01:40PM (#33470751)

There is no way the average salary of all the employees cut would be $300k. I'd be surprised if the average was higher than $100k.

At least one source I found says the average salary of Twitter employees is $97k. (US only total compensation is closer to $300k with an average of $270k. But a lot of that is probably stock options which now must be paid in cash).

So I would imagine the total savings are closer to $250m compared to when Twitter was public but maybe a lot more in savings vs what Twitter would have bled considering the stock options portion of the compensation would have had to have been cash.

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Re:Musk’s Twitter Purchase Was a Leveraged Buyout by Ancapistani on Friday November 04, 2022 @01:55PM (#33471056)

Yeah, total comp is the number the business cares about in this situation. Salary is only a part of that.

> a lot of that is probably stock options which now must be paid in cash

I won't say that's not a big deal, but it's a one-time cost. Paying $500k today to save $300k / year is an excellent move for Twitter - assuming, of course, that Musk is correct in his estimation that the employees cut were not contributing to the company's revenue.

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Re:Musk’s Twitter Purchase Was a Leveraged Buyout by GoldenStake on Friday November 04, 2022 @01:56PM (#33471075)

Level.fyi suggests much higher than 97k https://www.levels.fyi/companies/twitter/salaries

Although level.fyi is probably biased to high earners who post their salaries and has less data for non-engineers.

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Re:Musk’s Twitter Purchase Was a Leveraged Buyout by jjeaff on Friday November 04, 2022 @07:27PM (#33475561)

My guess is that the majority of employees at Twitter are not in fact engineers.

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