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Buffer Layoffs

open.buffer.com

171–180 of 429 posts

Re: Buffer Layoffs

#171
This is a bit surprising. Buffers revenue has been solidly growing (up 23% in the last 6 months) with around 840K in MRR. I suppose having that many employees adds up quickly though. It's hard letting people go... But ultimately you have to do what is required to keep the company going.

Source of financials: http://i.imgur.com/i3W5KC7.png

Re: Buffer Layoffs

#172

Earlier quoted context omitted.

Salaries in the San Francisco Bay Area are very high compared to the rest of the world due to high housing costs and extreme demand for engineers. $155k is average for 5-10 years of experience at a non-startup. You can certainly go much higher or lower depending on the company, your experience and your negotiation skills.

I'm comparing to Southern California; I doubt the Bay Area has 65% higher cost of living.

> extreme demand for engineers

Re: Buffer Layoffs

#173
post #102

Earlier quoted context omitted.

I'm unclear as to whether this was meant to be sarcastic or not. My point is this: Children have a certain nature; part of being a child is development of the ability to regulate one's emotions. Loving, thoughtful parents will (hopefully) learn about such things, such as Dr. Porges "Polyvagal Theory" and then be able to help their children with this process. I am not suggesting that people should abandon important re…

No sarcasm at all. Child abandonment is clearly bad for the child and can see the parent thrown in jail. Adoption is the better choice for both parties. I think you perhaps missed the broader point though. If you're raising children as servants to take care of you when you're old, then yes, self-interest is a good reason to keep them around. They will also likely act in their own self-interest and ditch you. Otherwis…

You and I seem to be having a good conversation. Thank you for that.

I don't think raising my children to take care of me when I'm old (should be any day now) would be acting in my self-interest. In fact, I think it would be acting against my self-interest.

A better model, I think, is for me to do all that I can to be self-sufficient, and not predatory in nature, in terms of expecting other people to care for me.

As long as I can find pleasure in life and activities that interest me, like hacking in Lisp, or re-learning how to weld, or reading about philosophy, I'd like to go on living.

When there are no longer reasonable things for me to pursue, then it's time to go. I certainly don't expect my children to do anything more for me than they freely wish to do.

Children are not born to be servants to their parents, as you observe. That's why I think it's incumbent on parents to treat their children as best as they possibly can, since children come into a family without being able to consent, and since children are essentially powerless to leave a family that treats them poorly, until they reach some age where they can be self-sufficient.

Re: Buffer Layoffs

#174
As much as I want to dive into armchair management here, I greatly respect the fact that the buffer folks remained committed to the total open transparency thing, even when it didn't paint the business in a positive light. That takes a lot of balls

In a world where business failures are rarely documented, people ought to celebrate the fact that these guys are giving the world a recorded history of the lifecycle of their company, their thoughts when making business decisions etc. There is immense value to be gained for anyone in this industry

Re: Buffer Layoffs

#175

"We made 10 layoffs in order to recover to a healthier financial position. Savings: $585,000" so these people cost the company $58,500 apiece (this is incl. their benefits, insurance, etc). Meaning their salaries were, what? $40k? wow?

If you read further, they clarify that's 585k through the end of the year. So factor in a termination package for them and the 585k is less than half of their yearly salary, so they were likely at or above 100k/yr each. Makes a bit more sense.

Re: Buffer Layoffs

#176

Earlier quoted context omitted.

Would your CEO give up his life savings to pay your medical bills? Would he risk his life for you?

Would you do it for them? Come on, is taking no pay meaningless to you?

You missed the point of this thread, which is whether it's appropriate to call a company a "family."

Re: Buffer Layoffs

#177

Earlier quoted context omitted.

Salaries in the San Francisco Bay Area are very high compared to the rest of the world due to high housing costs and extreme demand for engineers. $155k is average for 5-10 years of experience at a non-startup. You can certainly go much higher or lower depending on the company, your experience and your negotiation skills.

I'm comparing to Southern California; I doubt the Bay Area has 65% higher cost of living.

I'm not sure if it does or doesn't, but the salary of $155k is normal in the SF area.

Check out AngelList's salary tool: https://angel.co/salaries . Median salary for 'Developer' is about $120k. More for a backend developer.

GlassDoor gives an average salary of $120k for the same area: https://www.glassdoor.com/Salaries/san-francisco-engineer-sa...

Re: Buffer Layoffs

#178

"We made 10 layoffs in order to recover to a healthier financial position. Savings: $585,000" so these people cost the company $58,500 apiece (this is incl. their benefits, insurance, etc). Meaning their salaries were, what? $40k? wow?

Unlikely; that's probably the amount they would have spent until they'd have run out of money (in 5 months). They don't have any $40k salaries AFAICT (it's all public). Lowest salary was "junior happiness hero in Manila/Delhi/Hanoi" at $45k: https://open.buffer.com/introducing-open-salaries-at-buffer-...

Re: Buffer Layoffs

#179

"We made 10 layoffs in order to recover to a healthier financial position. Savings: $585,000" so these people cost the company $58,500 apiece (this is incl. their benefits, insurance, etc). Meaning their salaries were, what? $40k? wow?

For half a year, so times two

Re: Buffer Layoffs

#180

This 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 think it would have been a better decision to lay off 3-4 more people and let the remaining employees keep their perks and annual salary increase. 3% doesn't keep up with inflation. Maybe make that 4-5 people and create an incentive fund for those who kick some ass and help the company fight its way back from its mistakes.

3% absolutely does keep up with inflation[1][2] (whether it adequately compensates for increased experience as well is another matter).

The last 10 years US inflation was 3.2,2.9,3.8,-0.4 1.6,3.2,2.1,1.5,1.6,0.1 according to the world bank[2]. Giving the US an average inflation rate of just 1.96%.

[1]:http://www.usinflationcalculator.com/inflation/current-infla... [2]:http://data.worldbank.org/indicator/FP.CPI.TOTL.ZG (Have to search down the page for it)

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