4000 RIFed times average salary of $100,000=$400M include
4000 times vested RSUs which are clawed back on an average $150,000 = $600M
Bottom line Savings of ~ $1B.
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Bingo
Increased shareholder value
@d4 And don't forget overhead, though with so many being WFH I'm not sure just how much that is, plus part of overhead could be a fixed cost, and not decrease with headcount.
@bj Assume 1000 in the US times $300,000=$300M (Include insurance, health and other benefits) and the remaining 3000 at $30,000 = ~$90M
Far, far less. Most are in IDC - no way they are paid $100,000 average
Suspect it is far less. Is the claw back of and RSU actual physical money saved? Either way, it su-ks of pure greed. Share will reflect general sentiment in the market
Fantastic, $1B pays for Safra Catz this year. I'm sure she is delighted!
Seems reasonable but I’d be surprised if even half of those 4000 had RSUs. But you also have subsidized benefits, mobile plans, expense savings and so on.