Spotify will reduce total headcount by 17% across the company

Re:Spotify will reduce total headcount by 17% across the com... by mvdtnz on Monday December 04, 2023 @03:03AM (#38514800)

To spell it out for you, $200 million could pay for well over 1,000 employee-years of salaries.

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Re:Spotify will reduce total headcount by 17% across the com... by umanwizard on Monday December 04, 2023 @07:57AM (#38516671)

Companies exist to make money, not to be a charity for their employees.

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Re:Spotify will reduce total headcount by 17% across the com... by soderfoo on Monday December 04, 2023 @08:23AM (#38516894)

I get what you are saying but you would be surprised how fast financial forecasts balloon at scale.

200 developers @ $150k a year = $30M

$200M/$30M = 6.5 years

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Re:Spotify will reduce total headcount by 17% across the com... by SkyPuncher on Monday December 04, 2023 @09:19AM (#38517536)

I think you’re both saying the same thing. Op is saying 1 employee for 1 year is “1 employee-year”.

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Re:Spotify will reduce total headcount by 17% across the com... by whiddershins on Monday December 04, 2023 @08:51AM (#38517170)

It’s also not $150k/year. Employees cost far more than their salary.

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Re:Spotify will reduce total headcount by 17% across the com... by AdamN on Monday December 04, 2023 @09:49AM (#38517938)

Rule of thumb is double. So if you're average total comp is $150k then total cost for each of those employees is $300k/employee (office, expenses, HVAC, insurance, etc..)

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Re:Spotify will reduce total headcount by 17% across the com... by baby on Tuesday December 05, 2023 @01:29PM (#38534967)

So you're saying companies shouldn't do acquisitions?

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