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Anthropic IPO filing: $1.7B quarterly payroll, about $107K per employee monthly (www.techspot.com)
submitted 5 days ago by [B] to c/hackernews@lemmy.bestiver.se
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[–] 6 points 5 days ago* (3 children)

The lede

The vast majority of that money isn't actually landing in employees' bank accounts

Further down

The largest share, $1.1 billion, came from Anthropic's stock-based compensation expenses, which reflect the value of company shares employees earn as part of their pay. Anthropic records that value as an expense even though employees don't receive the equivalent amount in cash.

It’s fake money.

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  • [–] 1 point 5 days ago* (last edited 5 days ago) (1 child)

    Eh, stock comp is real comp. They can't sell it at the moment, but if the $2T IPO is anywhere near a success, they'll make absolute bank.

    More companies, especially startups, should do stock based comp. It gives the employees a vested interest in the conpany and a share in the success. When the owners cash out, the employees get at least a small windfall too. Normally, the employees just get a worse work environment.

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  • [–] 1 point 5 days ago

    My point is that the cost of stocks is an accounting cost like interdepartmental services (eg billing the cost of the owned building based on headcount), not “real” in terms of inflow/outflow (sales of service turning into employee pay.)

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