A long expected update (probablistic programming langauge team laid off)

Re:A long expected update (probablistic programming langauge... by drc500free on Wednesday November 30, 2022 @02:37PM (#33806377)

These employees are making a lot more than $250k just in base salary. Cost is probably closer to $1M each, all in. "A few million" in net cost savings isn't much for a team that probably costs $5M a year.

It would definitely be better to find another internal home (assuming the team is portable without its mother team that got cut), but sometimes these decisions are made quickly without a lot of granularity. They aren't necessarily going to find one sub-team that saves only ~1x their cost in net profit and figure out how to transplant them to another org.

He seems to have taken away the important lesson - if you're not primary you're in danger.

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Re:A long expected update (probablistic programming langauge... by vikingerik on Wednesday November 30, 2022 @03:00PM (#33806751)

How in the world are you getting from $250k salary to $1M total cost? Stuff like office space and equipment/services, health insurance, HR overhead are constants per person, they don't scale up with salary. Are you assuming that some big bonus or grant package is necessary?

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Re:A long expected update (probablistic programming langauge... by drc500free on Wednesday November 30, 2022 @03:26PM (#33807136)

Yes, their total comp is $500k+. They are taking up a portion of the management time of someone whose total comp is approaching (or over) $1M.

Software Engineer: https://www.levels.fyi/companies/facebook/salaries/software-...

Software Engineering Manager: https://www.levels.fyi/companies/facebook/salaries/software-...

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Re:A long expected update (probablistic programming langauge... by johnfn on Wednesday November 30, 2022 @03:28PM (#33807167)

Facebook employees make a lot more than 250k. Someone with Eric lippert’s level of experience probably makes well over 600-700k in total compensation - just see levels.fyi!

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Re:A long expected update (probablistic programming langauge... by athrowaway12 on Wednesday November 30, 2022 @03:53PM (#33807507)

A big portion of the comp especially at higher levels is in stock grants... and Meta stock just dropped 75% in value this year.

These grants are valued at the market price at time of hire (or refresh).

So maybe pre-2022 the comp was 700k...

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Re:A long expected update (probablistic programming langauge... by TheNewsIsHere on Wednesday November 30, 2022 @04:07PM (#33807696)

The trick with discussing any numbers like this are variables that none of us can know without more intimate knowledge of a firm. For example, my spouse works for an SV firm. His team is 100% WFH, 100% of the time. They have no permanently allocated office space in any of the company’s buildings anywhere in the world.

However, they’re paying out bonuses twice a year, annual (PB)RSUs, (specifically for us) around almost $30k/yr in employer contributions to health insurance and our HSA combined, music streaming subscription, and so on.

The benefits, the bonuses, the extras, they all add up and are all very company specific. I’m not saying you’re wrong by any stretch. But with the number of extra benefits, healthcare, and everything else that’s different from employer to employer, we are all just guessing.

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Re:A long expected update (probablistic programming langauge... by trenchgun on Wednesday November 30, 2022 @03:59PM (#33807596)

It was claimed to be millions of net savings per deployed model.

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