Sort of, there are actually smart people who go there too. The kids with connections to the jobs pull smart kids with them and then use them as workhorses and basically claim all the glory from their work. Then you might get poached by someone willing to pay more who is less abusive.
Just trust us bro and give us money. You don’t want to be left in the dust do you?
They have 1,334 employees so a lot of it is fringe benefits… 30k for employer contribution of health/dental/vision/FSA&HSA program costs, $5k for sick leave payout costs, $5,250 training/tuition assistance budget. That’s 40,250 per full time employee right there.
If you take the almost 9mil C suite makes and round down to 150 Million and divide by 1,319 employees (subtracting C suite) that’s 113,700 per employee. Now if we withhold the benefits above, that’s $73,450. But we’re not done yet.
1% for workers comp, 6.2% for social security, 7% 401k match, 1.45% medicare, so a total of 15.65%. So we divide our 73,450 by 1.1565 and we are left with an average salary of $63,510.
They also have an additional retirement plan which almost sounds like a pension, but I couldn’t find easy info on. If that’s what it is, then that further reduces the avg salary by 10%. They also offer $2,500 adoption assistance and an EAP program that’s not factored in.
I don’t know why your getting so many downvotes because there seems to be a level of truth to what you say. They supposedly have 1,334 employees, which would make an average wage of 120k… But you have to notice it says “fringe benefits” which would include health insurance and retirement, which is $20k+ just for the health insurance and tax stuff and then if they do an employee 5% match that’s another 5k bringing the avg salary down to 95k.
Its going to be extremely hard to get another job after too when you have a huge 3 year hole in your resume.
Is it that way culturally or just lack of carrots?
Just one more GPU rack I swear, were totally right on the cusp of AGI. Just need you to lend me a couple hundred more million.