>> We canceled our upcoming team retreat to Berlin. Savings: $400,000. 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?
That does seem astronomical. $4,000 per employee if they have ~100 employees like they say. Anyone think their salaries are absurdly high for some locations and positions? They've got Adnan working as an "Advanced Backend/Frontend Developer" in Sri Lanka, making only $65,104. This actually makes sense to me because Sri Lanka's cost of living is pretty low. But they've got an Advanced "Happiness Hero" which I presume…
Buffer Layoffs
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Re: Buffer Layoffs
#52This may be a little cynical but: "With our culture of bringing our whole selves to work and seeing team as family, with shared values we live by,..." In the American business world, you are an employee until you aren't. Confusing being an employee with being "family" is a mistake, both for the company and the employee. When times get bad, companies do what it takes to survive, including throwing employees overboard.…
In other words, every relationship is a trading relationship, and the currency of the realm isn't always, or even often, monetary in nature.
Re: Buffer Layoffs
#53>> We canceled our upcoming team retreat to Berlin. Savings: $400,000. 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?
Re: Buffer Layoffs
#54Re: Buffer Layoffs
#55I 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?
Re: Buffer Layoffs
#56>> We canceled our upcoming team retreat to Berlin. Savings: $400,000. 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?
That does seem astronomical. $4,000 per employee if they have ~100 employees like they say. Anyone think their salaries are absurdly high for some locations and positions? They've got Adnan working as an "Advanced Backend/Frontend Developer" in Sri Lanka, making only $65,104. This actually makes sense to me because Sri Lanka's cost of living is pretty low. But they've got an Advanced "Happiness Hero" which I presume…
Re: Buffer Layoffs
#57Two questions: Why are the two loans necessary? And, how does a loan get counted as savings?
> Leo and I are committing $100k each in the form of a loan at the lowest possible interest rate, with repayment only when Buffer reaches a healthy financial position. Savings: $200,000.
Re: Buffer Layoffs
#58This may be a little cynical but: "With our culture of bringing our whole selves to work and seeing team as family, with shared values we live by,..." In the American business world, you are an employee until you aren't. Confusing being an employee with being "family" is a mistake, both for the company and the employee. When times get bad, companies do what it takes to survive, including throwing employees overboard.…
While I agree with your points, I think the ongoing assumption we can effectively emulate the emotional response of the ones who are actually are affected is starting to really get in the way. The expectation humanity can eliminate all suffering is unreasonable. That expectation is, in my humble option, an inefficiency driven by unreasonable sympathy. When I say "unreasonable" I mean laying blame where it isn't ours…
I have a pretty good idea of what both sides feel like.
Both sides suck. Really bad. It hurts like hell. Probably worse to be layed off than do the laying off.
Re: Buffer Layoffs
#59This may be a little cynical but: "With our culture of bringing our whole selves to work and seeing team as family, with shared values we live by,..." In the American business world, you are an employee until you aren't. Confusing being an employee with being "family" is a mistake, both for the company and the employee. When times get bad, companies do what it takes to survive, including throwing employees overboard.…
Re: Buffer Layoffs
#60This may be a little cynical but: "With our culture of bringing our whole selves to work and seeing team as family, with shared values we live by,..." In the American business world, you are an employee until you aren't. Confusing being an employee with being "family" is a mistake, both for the company and the employee. When times get bad, companies do what it takes to survive, including throwing employees overboard.…
I'd say no relationships, including family relationships, should be maintained if they aren't in the long-term self-interest of all parties. In other words, every relationship is a trading relationship, and the currency of the realm isn't always, or even often, monetary in nature.