Damn, Playboy pays WELL!!!
 

They are letting 55 employees go and plan to save $12,000,000 by doing so. Using basic math, that means that each of the employees were getting paid around $218,000 a year. That's a pretty nice chunch of change. And you know they're not releasing any executive positions so I wonder how much they get paid?

Playboy is getting kicked in the nuts and is blaming the bad economy. That sucks to see such a legendary publication hurting. They'll bounce back, pun totally intended. :winkwink:

http://www.msnbc.msn.com/id/27221967/

nice chunch of change. :1orglaugh:1orglaugh wtf is that lol!!

they are probably saving 10 mill already since Lens left:1orglaugh

You are not thinking in terms of "other" expenses that employees carry also 2c

Or more likely, one guy was getting the cash and the others were getting fucked over. :1orglaugh

overhead, offices, etc - shit adds up.

Chunk. You knew what I was talking about.

And yes, I accounted for overhead such as insurance, worker's comp, taxes, expenditures, etc. And even after all those they are still making some pretty decent money. :2 cents:

After all the drinks, parties, meals, trips, etc., they were all making minimum wage :2 cents:

Normally an employees wage rate is 30-40% hire then his salary.

GMC's wage rate for a line worker is something like 74$/hr and the salary is 23$/hr lol.

depends on if that represents closing down an office
in which case, location cost, like heat, light electricity, rent, property taxes all get factored into that savings.

industry average in corporate america is that you have to generate 7 times your salary to break even. Hense the saying i want to make 1/7 what i am worth.

Wonder what Hef's Viagra budget is?

Good point. :thumbsup

You did? How so?

12,000,000 / 55 = 218,181.82

So you are allowing $181.82 for the additional stuff?

Please tell me where I can get insurance for a year for $181.82 let alone all the other stuff.

181 is the copay

So they cover the copay too?

Very generous. :thumbsup

Thats what I was thinking. We all know Eric will work for beer :)

The did get paid well!