> They could offer it to their employees in exchange for a salary reduction tota... | Hacker News

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andromedaworld on April 2, 2018 | parent | context | favorite | on: Snap expects layoffs to save $34M a year

> They could offer it to their employees in exchange for a salary reduction totaling those $34M/year.

It doesn't really matter. If the business is unsustainable then all such moves won't cut it anyway. Businesses typically lay people off when things aren't going well, and things aren't going well for snap.

They could pay them that money today but what about tomorrow?

aylmao on April 2, 2018 [–]

In theory $34M/year worth of employees should help you build a stronger company that would make $34M more next year.

In practice though, maybe Snap just can't grow that fast. Which is fine, but it's still sad that 220 people lost their jobs.

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