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Comment by ripper1138 | Hacker News Reader

It was obvious that those days were going to end eventually, it was never going to be sustainable. A few people I knew were deciding between job offers at beginning of this year and I straight up said take the most comp, this shit isn’t gonna last forever…

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on the face, it should be pretty easily sustainable based on the profit per employee these companies make. i guess we just really hate anyone but shareholders actually getting a piece of the pie.

The total revenue of some of these companies is absolutely just mindblowing, normalized by number of employees even more so.

https://www.wolframalpha.com/input?i=AAPL+GOOG+META

                       | Apple           | Google          | Meta
    market cap         | $2.245 trillion | $1.163 trillion | $261.8 billion
    revenue            | $387.5 billion  | $278.1 billion  | $117.9 billion
    employees          | 154000          | 174014          | 71970
    revenue / employee | $2.517 million  | $1.598 million  | $1.639 million

I checked a few days ago and the revenue per employee at big tech is eerily similar to "Biglaw" and non retail banking (Jones day, >200k entry level, goldman is similar) at 1-2mil per employee. One could argue the market for IB/trading has been saturated by applicants for years but they pay is still well above norms ~>150k entry level. Pretty interesting.

Revenue isn't profit. Now show profit/employee.

AAPL - $1.09M https://www.wolframalpha.com/input?i=AAPL+gross+profit+per+e...

GOOG - $907k https://www.wolframalpha.com/input?i=GOOG+gross+profit+per+e...

META - $1.32M https://www.wolframalpha.com/input?i=META+gross+profit+per+e...

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