Re:New York Times Tech Workers Go on Strike
by michaelt on Monday November 04, 2024 @10:44AM
(#42042583)
Profit of $104.7 million a year. 5800 employees [1]. So a profit of $18k per employee.
A $40k wage gap between tech and journalism it'd be nice to close.
That's gonna be one difficult negotiation.
Re:New York Times Tech Workers Go on Strike
by ceejayoz on Monday November 04, 2024 @10:51AM
(#42042649)
These are per-quarter numbers, not annual.
Re:New York Times Tech Workers Go on Strike
by michaelt on Monday November 04, 2024 @10:53AM
(#42042670)
Ah, I must have misunderstood the rose to $104.7 million from $92.2 million a year
Even quadrupling the $18k per employee, you're still trying to get a $40k raise from an organisation with a profit of $72k per employee. That's going to be tough.
Far tougher than moving to a different job at a company with more money.
Re:New York Times Tech Workers Go on Strike
by lotsofpulp on Monday November 04, 2024 @11:13AM
(#42042920)
Why are you quoting operating profit instead of net income? The expenses included in net income are not optional.
Re:New York Times Tech Workers Go on Strike
by ceejayoz on Monday November 04, 2024 @11:26AM
(#42043067)
I'm quoting the NYT's coverage of their own profitable quarter.
Net income seems to be healthy, too. https://www.washingtonpost.com/business/2024/11/04/earns-new...
https://www.nytimes.com/2024/11/04/business/media/new-york-t...
> The company’s adjusted operating profit for the quarter, which ran from July through September, rose 16.1 percent to $104.2 million, from $89.8 million a year before. Overall revenue increased 7 percent to $640.2 million, compared with the same period in 2023.
https://www.nytimes.com/2024/08/07/business/media/new-york-t...
> The company’s adjusted operating profit for the quarter, from April through June, rose to $104.7 million from $92.2 million a year before. Overall revenue increased 5.8 percent, to $625.1 million, compared with the same period in 2023.