Buffer is a popular social media management tool that also offers a great marketing blog on the side, but you may know it best for is its open salary formula that the company’s co-founders shared publicly in order to be transparent about how each employee’s salaries are calculated. And transparent the company was – even in its latest news that it has just laid off 11 percent of its team. While that amounts to 10 employees, CEO Joel Gascoigne says the cuts will save the company approximately $585,000 annually. In his latest blog post, Gascoigne shared some of the mistakes Buffer made in…

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Source: The Next Web

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