Fyi... A previous comment subtree that includes a comment on Gitlab financials from the CEO/founder: https://news.ycombinator.com/item?id=18442952
GitLab – A $1B business where all employees work remotely
41–50 of 239 posts
Re: GitLab – A $1B business where all employees work remotely
#42Earlier quoted context omitted.
I've never heard of a company doing that.
And yet, a lot of remote companies pay differently based on location. I'm also not quite sure why the choice of location should be factored in but family planning not. Paying the same, regardless of location, would maybe motivate some people to move away from crowded areas, one of the big chances remote work offers.
i remember one company (i wanna say basecamp?) that pays everyone as if they lived in the bay area.
i found that to be super amazing -- if they are profiting like bay area companies, why not also pay like bay area companies?
Re: GitLab – A $1B business where all employees work remotely
#43The first half of the article doesn't even name the business. The name of the business, GitLab, is hidden in the second half of the article. This is an example of a publication optimizing blindly for Google Search Optimization where they want to improve "Time on site" and other data by keeping the readers on the page as long as possible. It's frustrating. Google's algorithm needs to be updated to make it smarter othe…
I noticed this when you google "name-of-movie post credit scene". Not a single result will instantly tell you if this movie has a scene after the credits. It will have a multiple paragraph review of the movie and your answer is hidden somewhere in there. All I want is a simple yes or no answer.
Damn I guess this is true about a lot of other very specific questions but are not too niche stuff as well (i.e. programming questions). An example is I was searching if a game had local multiplayer, and what would you know the result was exactly what you described - a paragraph long description of the game and the advantages of multiplayer and the answer hidden in it.
Re: GitLab – A $1B business where all employees work remotely
#44I think remote roles are becoming a lot more accepted in tech. No time wasted on the commute, and companies can save costs of office spaces, etc.
I'm so optimistic about remote working for developers, it's even been a key feature in a job matching platform I've been working on: https://www.rocketship.dev/
Re: GitLab – A $1B business where all employees work remotely
#45Earlier quoted context omitted.
I've never heard of a company doing that.
And yet, a lot of remote companies pay differently based on location. I'm also not quite sure why the choice of location should be factored in but family planning not. Paying the same, regardless of location, would maybe motivate some people to move away from crowded areas, one of the big chances remote work offers.
I think the standard argument is not that they're paying according to need, they're paying according to market norms.
Thing is, in high cost of living areas the living cost is extremely pegged to job opportunities, it's almost tautological. Where there are more job opportunities, you have to pay people more to stop them working for competitors. A confounding factor is a hypothesised (not sure if backed by data) trend of talent concentration - that is, areas with lots of job opportunities attract most of the most talented people, driving salaries up further.
All that's to say, if Gitlab want to hire someone living in such an area, the market dictates they must pay more in order to attract that person over a local competitor (for jobs). It's not due to the person needing the money more for a higher cost of living, at all.
Re: GitLab – A $1B business where all employees work remotely
#46Wordpress is another example, they employ close to 1000 remotely working people (as I heard from a friend working at there).
Also invision.
Re: GitLab – A $1B business where all employees work remotely
#47The first half of the article doesn't even name the business. The name of the business, GitLab, is hidden in the second half of the article. This is an example of a publication optimizing blindly for Google Search Optimization where they want to improve "Time on site" and other data by keeping the readers on the page as long as possible. It's frustrating. Google's algorithm needs to be updated to make it smarter othe…
Forbes is a horrible site/company in general, awful laggy experience, back button hijacking, etc.
Re: GitLab – A $1B business where all employees work remotely
#48Earlier quoted context omitted.
I wonder if that tactic actually retains people for longer. I just closed the tab after the first couple of paragraphs, googled his name, and found the information I wanted that way. It seems to be intuitive that if one makes X harder to get via their platform, the user will work harder to get X, but that solution rarely seems to be true.
I like it that way, it reads like a story and it IS a good story. Not everything in tech or HN has to be to the point and a collection of facts, some narrativity is ok
This is what books and novels are for
Re: GitLab – A $1B business where all employees work remotely
#49Wow, had no idea GitLab was close to an IPO. Is there a lesson about saturated markets and differentiation that can be learned from them? I'd be all ears
Interesting part about the IPO: they've been very public for years about IPOing, and about the specific date: https://about.gitlab.com/handbook/being-a-public-company/