Trump once again shouted: Remember to pay the government during the acquisition
Editor’s note: This article is from the WeChat public account “qubit” (ID: QbitAI) , author: fish, sheep, Yang net.
TikTok’s robbery, the American media also felt wronged.
Because as a fast-growing company, ByteDance has invested a lot of money in TikTok America in terms of employment, salary and taxes.
If you don’t believe me, look at this set of recruitment salary data:
Product and engineering positions, with a basic annual salary of RMB 630,000-1.96 million, excluding stock options.
Data science and research positions, with a basic annual salary of RMB 870,000 to RMB 2.09 million, excluding stock options.
Commercialized positions, with a basic annual salary of RMB 350,000 to RMB 1.76 million, excluding stock options.
Compared with China, it’s not low. Compared to Silicon Valley engineers, considering TikTok’s rapid growth, it is also very impressive.
The US media CNBC said that as TikTok has been downloaded more than 2 billion times worldwide, the number of full-time employees in the United States has nearly doubled from less than 500 at the beginning of the year to nearly 1,400.
Even in the midst of threatening the robbery, TikTok and its parent company Bytedance are still continuing their previous plan-claiming to add another 10,000 jobs in the United States in the next three years.
Ran and *.
Jobs, capital injections, tax contributions…all the inputs are still a mess of the Trump administration. Even the Chinese engineers in Silicon Valley said they had witnessed a robbery.
And once again staged the “art of negotiation”-forced sale again, completely banned, and then repeatedly changed the tone…
Trump even more bluntly said publicly: Acquisitions are okay, but the US government must participate in the sharing.
Just to really settle the accounts, compared with the economic contribution brought by the TikTok project, “Sharing” may be just a small profit.
TikTok American R&D post: annual salary of up to 2 million yuan
Foreign media Business Insider today quoted wage data from the U.S. Department of Labor, saying that TikTok and its parent company Bytedance, many employees in the U.S. receive six-figure dollars in annual salaries.
Because the Office of Foreign Labor Certification in the United States will publicly disclose the income data of foreign employees of major companies, in order to reflect the salary levels paid by TikTok and ByteDance to U.S. employees, Business Insider calculated from October 2019 to June 2020 Approximately 240 foreign labor certification applications were submitted and certified during the period.
The results show that the product and engineering posts, TikTok and ByteDance provide employees with green cards and H1-B visas from USD 89,900 (approximately 630,000 RMB) to USD 280,000 (approximately 1.96 million RMB) per year. Basic salary.
But this does not include other forms of compensation such as stock options. After all, as a star startup company, the stocks and options are more valuable.
That’s not all.
The basic salary of data science and R&D positions is higher, ranging from US$125,000 (approximately RMB 870,000) to US$300,000 (approximately RMB 2.09 million) per year.
For commercial positions, the basic salary ranges from 51,000 US dollars (about 350,000 yuan) to 252,000 US dollars (about 1.76 million yuan) per year.
In general, TikTok and ByteDance provide basic annual salaries for foreign employees in the United States between US$49,920 and US$300,000, which translates to RMB 350,000-2.09 million.
Based on the median standard, TikTok’s median basic salary is approximately US$175,000 (approximately 1.22 million RMB) per year, and the median basic salary of Bytedance is US$160,000 (approximately 1.11 million). RMB)/year.
Such data can reflect the unit investment of TikTok and ByteDance in labor costs in the United States.
Furthermore, the data from the corporate evaluation website Glassdoor also proves that TikTok’s salary in the United States is very high.
For example, the annual salary of an account manager can reach 90,000 US dollars (about 630,000 RMB). The annual salary of product managers can reach 158,000-171,000 US dollars (approximately 1.1 million-1.19 million RMB).
According to the median calculation, with the current size of US employees, TikTok will spend at least nearly 1.8 billion yuan in salary a year.
According to a report by Tencent Technology, many Chinese engineers believe that large companies such as Google and Facebook are gradually becoming lack of motivation and vitality. “If TikTok can really do well, it will attract a large number of Chinese in Silicon Valley.”
Visible the appeal of TikTok in Silicon Valley.
Furthermore, as competition with social platforms such as Facebook intensifies, TikTok’s staff in the United States is also continuing to expand.
Raising such a team that has grown exponentially in size and is well paid is enough to see how TikTok has invested in the United States.
This is not counting the economic benefits generated by the team, such as taxation, upstream and downstream supply and demand.
But even so, what TikTok is facing now is the Trump administration’s “killing” and “cleaning up”:
Forced to sell oneself, only for 45 days negotiation period.
Even, Trump’s latest propaganda: The acquisition transaction must give the US government money, “because we made this transaction possible.”
Trump: Remember to pay the government when buying
Not only must you rush to kill, but remember to pay before you leave.
On Friday, Trump also stated that he does not support TikTok’s acquisition by Microsoft.
Just a weekend later, it’s more like a rehearsal of Trump’s business masterpiece-The Art of Negotiation:
Blacked and pressured during the negotiation, and even broke the contract before the deal-finally successfully realized the counter-offer.
So the latest news, Trump now allows acquisition negotiations again.
