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0 pointsjjeaff3y ago0 comments

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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3 comments · 2 top-level

GoldenStake3y ago· 1 in thread

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.

jjeaffOP3y ago

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

Ancapistani3y ago

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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