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Reddits is poor 😢
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this post was submitted on 11 Jun 2023
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developers are quite expensive too.even though they don't have many developers, it can still be a huge spending.
Reddit as a whole has somewhere around 2k employers (minus 90 after the layoffs)
That's a shockingly high number considering how little user facing development there has been
2k employees at 100k/year for everything would be 200M/year just in compensation. That, plus hosting and all the server costs could put them close to this ad revenue if not slightly over. However, this ad revenue isn't including things like reddit gold and gifts, I'm curious to see how that factors in.
100k a year??? On average? Never.
I just meant average cost per employee. That includes their salary but also health insurance, benefits, and payroll taxes. Definitely not everyone is averaging 100k, but I think that's a pretty conservative estimate for total employee cost at a tech company of their size.
Okay...i have no clue how much an employee in america would cost. My comment was more an immediate shocked reaction of disbelief than actually stating that you were wrong lol