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The company expects to save about $450 million by the end of 2013 with the 1,700 eliminated jobs

Source: Reuters

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RE: Average employee worth
By tjcinnamon on 11/16/2012 12:04:03 PM , Rating: 2
According to the math, an average TI employee is worth ~$265,000 per year. Given how its unlikely a given employee generates that much in revenue, the cuts make financial sense for TI.

You have to factor in benefits: Health, Life, Dental, SIMPLE Match, Vacation. Also, Taxes: FICA, Unemployment Comp, Work Comp.

Not to mention extra management, space, equipment and licensing costs that is required to house that many employees. You can pretty much add 20 to 30% on to your hourly or salaried wage for the actual cost of an employee.

RE: Average employee worth
By tjcinnamon on 11/16/2012 12:05:54 PM , Rating: 2
Also, bonuses. Who knows how big those are.

"We’re Apple. We don’t wear suits. We don’t even own suits." -- Apple CEO Steve Jobs

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