250k wouldnt be what they’re paying, on average, it would be pay plus all other employee related expenses.
I have to assume the managerial positions vary greatly but that average seems about accurate, even if most of the manager salaries are high, 5 figures, low 6 figures. Managers in AWas (L5/L6) are making over 250k in many locations.
For managers at Amazon potentially, especially if they are in-office in larger cities with technical backgrounds. They might be quoting the recruiting number with benefits, it’s usually close to 1.5-2x the gross salary. They also might be doing fancy amortizing math just to make it sound better than it actually is. They can also claw back pre-allocated project dollars by prorating 5 year contracts for anything terminated early so they can claim multiple years off a single contract / project. Still likely going to cost them a lot more than that, when they realize it’s not going work out; even if it’s only for managers.
Im a bit too hammered to understand it right now, but I think the math is hidden in here with very ambiguous wording.
In a note released Thursday, Morgan Stanley projected that Amazon’s plan could cut around 13,834 managerial roles by early next year, saving the company between $2.1 billion and $3.6 billion. The estimate is based on the assumption that managers make up 7% of Amazon’s workforce.
I call bullshit. No way 14,000 people were averaging 250,000 a year.
250k wouldnt be what they’re paying, on average, it would be pay plus all other employee related expenses.
I have to assume the managerial positions vary greatly but that average seems about accurate, even if most of the manager salaries are high, 5 figures, low 6 figures. Managers in AWas (L5/L6) are making over 250k in many locations.
For managers at Amazon potentially, especially if they are in-office in larger cities with technical backgrounds. They might be quoting the recruiting number with benefits, it’s usually close to 1.5-2x the gross salary. They also might be doing fancy amortizing math just to make it sound better than it actually is. They can also claw back pre-allocated project dollars by prorating 5 year contracts for anything terminated early so they can claim multiple years off a single contract / project. Still likely going to cost them a lot more than that, when they realize it’s not going work out; even if it’s only for managers.
Im a bit too hammered to understand it right now, but I think the math is hidden in here with very ambiguous wording.
God damn, a billion dollar buffer? I need to know who their accounts are.