11–20 of 429 posts
Kudos to Buffer for their approach to transparency. I think it will actually serve them well here.
I certainly appreciate their openness, and like to follow their progress, but... ...could anyone explain to this naive commenter how it takes 90 (80 for that matter) people to run essentially a 'cronjob as a service' business?
FWIW, here's their public spreadsheet of salaries and calculations. Not sure if it's been recently updated (on closer look, seems to reflect the founders' stated pay cuts, and new hires as recent as last month): https://docs.google.com/spreadsheets/d/1l3bXAv8JE5RB9siMq36-... edit: Adding links to their blog posts: https://open.buffer.com/transparent-salaries/ https://open.buffer.com/introducing-open-salaries-at-buffe…
While Buffer's transparency is incredible, the financial calculations in the article fail to account for the possibility of an employee exodus domino effect, especially after both knowing the financial state of the company, and relevant perks being cut.
I would actually think the opposite: if you're a buffer employee right now, you know a) the company will continue to exist b) that you're a valuable asset to the company and c) that your founders walk the walk when it comes to transparency and information sharing. I'd assume a few people will leave for better offers in the next few weeks, but this seems to prove that the founders are dedicated to the company and can…
Earlier quoted context omitted.
I would actually think the opposite: if you're a buffer employee right now, you know a) the company will continue to exist b) that you're a valuable asset to the company and c) that your founders walk the walk when it comes to transparency and information sharing. I'd assume a few people will leave for better offers in the next few weeks, but this seems to prove that the founders are dedicated to the company and can…
Not only that, but the founders themselves took a 40% pay cut each for the next year. That says to me that they value their employees enough that they chose that route rather than lay off an additional person. It's a strong gesture.
Compared to all their other costs that one stood out the most. 500k savings laying off 10% of your workforce compared to 400k for a team retreat in Berlin.
Is this typical?
FWIW, here's their public spreadsheet of salaries and calculations. Not sure if it's been recently updated (on closer look, seems to reflect the founders' stated pay cuts, and new hires as recent as last month): https://docs.google.com/spreadsheets/d/1l3bXAv8JE5RB9siMq36-... edit: Adding links to their blog posts: https://open.buffer.com/transparent-salaries/ https://open.buffer.com/introducing-open-salaries-at-buffe…
Why do this? I don't understand ... am I just being too old school / narrow minded about this?
They've got blog posts about it.
https://open.buffer.com/introducing-open-salaries-at-buffer-...
FWIW, here's their public spreadsheet of salaries and calculations. Not sure if it's been recently updated (on closer look, seems to reflect the founders' stated pay cuts, and new hires as recent as last month): https://docs.google.com/spreadsheets/d/1l3bXAv8JE5RB9siMq36-... edit: Adding links to their blog posts: https://open.buffer.com/transparent-salaries/ https://open.buffer.com/introducing-open-salaries-at-buffe…
Why do this? I don't understand ... am I just being too old school / narrow minded about this?
I certainly appreciate their openness, and like to follow their progress, but... ...could anyone explain to this naive commenter how it takes 90 (80 for that matter) people to run essentially a 'cronjob as a service' business?