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A comment on Company Lays Off 8k While Paying Matthew McConaughey $10M/Yr to Sit Around. Parent comment

Re:Company Lays Off 8k While Paying Matthew McConaughey $10M... by bombcar on Thursday March 02, 2023 @12:24PM (#34998737)
And whilst $10m sounds like a lot (and it is!) that's only about ~50 (Bay Area) employees.
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Re:Company Lays Off 8k While Paying Matthew McConaughey $10M... by paxys on Thursday March 02, 2023 @12:29PM (#34998810)
Probably fewer than that. Cost of an employee to the company is on average 2x their salary. Plus such mass layoffs don't just target entry level employees but an entire vertical slice including senior ICs, managers and executives. A lot of them at companies like Salesforce, Google, Meta get $1M+/yr in comp.
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