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GitLab – A $1B business where all employees work remotely

forbes.com

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Re: GitLab – A $1B business where all employees work remotely

#51
post #35
post #6

Wow, 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

There’s probably room for another git* hosted company.

There's probably room for lots of them. There's always some unmet need that hasn't been addressed by the market, and everyone needs software these days!

Re: GitLab – A $1B business where all employees work remotely

#52
post #19

Would be interesting to know if they discriminate pay, according to where the person works from. Edit: Further down the page I saw: "Why they pay based on where team members live". That's petty.

That is similar to paying an employee more because they have children and need it more.

Not unless there's an incredibly strong link between having children and having strong alternative employment prospects. Which I don't have data on but doubt, and if I had to take a guess would assume actually works the other way. That the childless have more options.

Re: GitLab – A $1B business where all employees work remotely

#53
post #5

The 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 trash publication, living on its historical reputation to vomit SEO spam all over the internet. A good recent example:

https://www.nytimes.com/2019/07/21/business/media/jeffrey-ep...

“The article on the Forbes website was attributed to Drew Hendricks, a contributing writer. As The Times revealed in an article last week, he was not the author of the piece. Instead, it was delivered to him by a public relations firm, and he said he was paid $600 to attach his byline and post it at Forbes.com.”

That being said, Google absolutely encourages this behavior because Forbes is very often at the top of search results.

Re: GitLab – A $1B business where all employees work remotely

#54

Earlier quoted context omitted.

That is similar to paying an employee more because they have children and need it more.

Not unless there's an incredibly strong link between having children and having strong alternative employment prospects. Which I don't have data on but doubt, and if I had to take a guess would assume actually works the other way. That the childless have more options.

This is a bad argument, because there are many other remote employers.

I do not live in a low CoL area because I'm from here and never left, nor did I move here to save money. I moved here because I was able to keep a high paying career, and live somewhere I wanted to live.

Gitlab is flat-out non-competitive.

Re: GitLab – A $1B business where all employees work remotely

#55
post #36

Earlier quoted context omitted.

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…

Gitlab's idea of market norms is "market where you live + us, literally the only company that hires remote in the world".

Spoiler: that only works hiring those who are ignorant of the remote employment market.

Re: GitLab – A $1B business where all employees work remotely

#56

I 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/

I think it’s also the realization of a supply problem. A lot of companies around the world cannot compete on compensation with the larger tech companies in the Bay Area, and many people don’t want to move there, so it’s win-win.

Re: GitLab – A $1B business where all employees work remotely

#57
post #19

Would be interesting to know if they discriminate pay, according to where the person works from. Edit: Further down the page I saw: "Why they pay based on where team members live". That's petty.

What if somebody in SF was employed remotely by a company in a poorer country? Should the person in SF be paid less because employees in originating country have lower salaries?. Having salaries based on location is fair, the same job that pays 120k$ in SF pays 70k$ in my country and that makes me in top 2% earners in the country. I could argue that i actually get more with 70k$ in my country than somebody with 120k$ in SF.

Re: GitLab – A $1B business where all employees work remotely

#58

Earlier quoted context omitted.

Automattic is the name of the company. WordPress is the name of the product. Anyway, what I like about GitLab and Automattic is they are agnostic-timezone remote company. You can live in any timezone to work in GitLab or Automattic. Some remote companies only accept certain timezones.

What's most interesting to me is remote + scale. There are many small remote companies that don't try to scale, as they prioritise just having a nice product that solves 1 relatively simple task very well, while having a comfortable life style for the employees. But so far there's no remote-first company on the stock market.

So let's wait until GitLab IPO. That will be a good story case for evangelizing remote-first companies. :)

Re: GitLab – A $1B business where all employees work remotely

#59
post #19

Would be interesting to know if they discriminate pay, according to where the person works from. Edit: Further down the page I saw: "Why they pay based on where team members live". That's petty.

This post from GitLab has their official explanation of why they pay local rates: https://about.gitlab.com/2019/02/28/why-we-pay-local-rates/

Re: GitLab – A $1B business where all employees work remotely

#60

Earlier quoted context omitted.

Not unless there's an incredibly strong link between having children and having strong alternative employment prospects. Which I don't have data on but doubt, and if I had to take a guess would assume actually works the other way. That the childless have more options.

This is a bad argument, because there are many other remote employers. I do not live in a low CoL area because I'm from here and never left, nor did I move here to save money. I moved here because I was able to keep a high paying career, and live somewhere I wanted to live. Gitlab is flat-out non-competitive.

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