Travis CI Is Laying Off Senior Engineer Staff
1–10 of 105 posts
Re: Travis CI Is Laying Off Senior Engineer Staff
#2Also relevant - https://old.reddit.com/r/devops/comments/at3oyq/it_looks_lik...
"Yep. We were terminated by Idera without even our managers knowing."
in wake of travis being acquired last month. https://blog.travis-ci.com/2019-01-23-travis-ci-joins-idera-...
Re: Travis CI Is Laying Off Senior Engineer Staff
#3Also relevant - https://old.reddit.com/r/devops/comments/at3oyq/it_looks_lik... "Yep. We were terminated by Idera without even our managers knowing." in wake of travis being acquired last month. https://blog.travis-ci.com/2019-01-23-travis-ci-joins-idera-...
> "Yep. We were terminated by Idera without even our managers knowing."
Not sure if thats douchebaggy. I've seen several layoffs like this, where everyone finds out at the same time not by levels.
Re: Travis CI Is Laying Off Senior Engineer Staff
#4Also relevant - https://old.reddit.com/r/devops/comments/at3oyq/it_looks_lik... "Yep. We were terminated by Idera without even our managers knowing." in wake of travis being acquired last month. https://blog.travis-ci.com/2019-01-23-travis-ci-joins-idera-...
In the blog about the private equity acquisition, the CTO says "With the support from our new partners, we will be able to invest in expanding and improving our core product"
I wonder if he believed that, even as he wrote it?
Re: Travis CI Is Laying Off Senior Engineer Staff
#5I called it. The money men have praises Idera for their new and innovative approach to software development. Also know has fixed cost devlopement to the lowest bider.
If you want stop this type of practice please don't sign multi year contracts. That is stage two. This is where they get their value.
Without the contracts they can't use it as leverage to take out huge debts -- where they get their value from.
If the fed raised the rates this practice would also end.
Re: Travis CI Is Laying Off Senior Engineer Staff
#6Previous discussion of the acquisition on HN, complete with a prediction of just this happening can be found at https://news.ycombinator.com/item?id=18978251
Re: Travis CI Is Laying Off Senior Engineer Staff
#7Honestly I'm astonished at the speed with which this happened, given the recency of their acquisition. Seems amazingly cynical of their new parent company.
Re: Travis CI Is Laying Off Senior Engineer Staff
#8I called it. The money men have praises Idera for their new and innovative approach to software development. Also know has fixed cost devlopement to the lowest bider. If you want stop this type of practice please don't sign multi year contracts. That is stage two. This is where they get their value. Without the contracts they can't use it as leverage to take out huge debts -- where they get their value from. If the f…
There's a lot of problems to go around.
If you're a founder, you're usually going to cash out for the right price. Everyone has their price. No one wants to grind forever. This isn't a problem if you're profitable enough that you can hold forever (Basecamp).
If you're an investor, you're struggling for returns right now (to your point about interest rates and the Fed). You're going to squeeze whatever you can get your hands on as hard as possible (as an investor myself in real estate and small SaaS companies I've bought, I try very hard to not do this, but you're hedging against a multiple you paid for the asset; you don't want the asset's cashflow to disappear and watch your capital evaporate).
Interest rates rising would help, but so would orgs more tilted towards employee ownership. You have to align incentives. Are you happy with a lifestyle business? (Not derogatory! I'd take a lifestyle business any day over any sort of possible unicorn status) Are your coworkers/shareholders? Would you customers be willing to be shareholders thereby becoming stakeholders? These problems are solvable with corporate structures and governance.
Such a shame to see this happen. Great opportunity for GitLab and their CICD team though.
Re: Travis CI Is Laying Off Senior Engineer Staff
#9From the tweet [0] it seems there is going to be a huge tech debt. I don't know how Idera is planning to expand upon the acquisition after letting go people like this.
> Some know the skinny on dozens of different open source projects and ecosystems, others understand run time and dep mgmt for like 17 languages and even more tooling, and automated image mastering to handle it all. > Others are rewriting what it means to manage communities in this era. They had to garden github issue repos with 1000s of tickets and find the patterns, and know a wide swath of the open source community in ways most people will never get to again
[0] https://mobile.twitter.com/carmatrocity/status/1098538650525...
Re: Travis CI Is Laying Off Senior Engineer Staff
#10maybe they wouldn't have been laid off if they took themselves and their work more seriously? I mean honestly, looking at the team page at https://about.travis-ci.com/team/, we have titles such as Mermaid on board, Tyranjasaurus Specs, Tortilla Builder, Sausage Dog Wrangler, Customer Avocado, Head Catwoman, and Conjurer of Avocado Patronuses