this post was submitted on 29 Apr 2024
646 points (97.9% liked)

Technology

59342 readers
5279 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

Google layoffs: The company plans to set up a new team in Munich, Germany which would act as "cheaper" labour, the report claimed.

you are viewing a single comment's thread
view the rest of the comments
[–] bluemellophone@lemmy.world 2 points 6 months ago

$350k includes the salary but also all of the health insurance benefits, taxes, stock options, office space and perks, compute hardware, software services… the works. An employer will have an averaged overhead factor for their skilled workforce, which can be anywhere between 1.5 and 2.5 typically. A worker with an annual pre-tax salary of $140k could cost Google $350k in overall expenses per year. Labor is expensive.

Also, these people weren’t just making simple Python scripts. Most of them were contributing core functionality into Python itself and managing the internal Python version and the ecosystem of Google software stacks that depend on it.