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CircleCI Layoffs

circleci.com

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Re: CircleCI Layoffs

#71

Post by lmeyerov »

twelve40 wrote: post #64
wongarsu wrote: post #39

Earlier quoted context omitted.

All of the above. Suppose you have a company with no money, but with a bank willing to loan you money at market rate. You can do three projects, one costs $1 mil, and after a year brings you $1.5 mil in profit, the second costs $1 mil and brings $1.05 mil after a year, and the third costs $1 mil and brings $1.01 mil. In 2021 interest rates were near zero, so all three projects would have given you a profit. The worst…

so you make this assumption that these companies laying off mostly fund their business with short-term bank loans? really?

VC $ works out the same. 18-24mo, with an even higher burn than a bank would accept, and the assumption that you can raise a 2X+ bigger round at the end of it to pay for the previous staff + next round of hires.

Re: CircleCI Layoffs

#73

Post by willcipriano »

015a wrote: post #30

I don't want to turn a discussion surrounding layoffs into a lens about the business itself; it sucks to be laid off, and I wish everyone who was impacted great expediency in finding a new role. But I'm going to anyway: I genuinely don't understand how CircleCI is still a business. Every major code repository provider has CI built in. All of the ones I've interacted with (Github Actions & Gitlab) are just as good as…

A lot of places probably set up CircleCI and don't want to invest into switching since the value add between services is so minimal.

Why start a new project with CircleCI? That I don't have a clue.

Re: CircleCI Layoffs

#74

Post by twelve40 »

lmeyerov wrote: post #71
twelve40 wrote: post #64

Earlier quoted context omitted.

so you make this assumption that these companies laying off mostly fund their business with short-term bank loans? really?

VC $ works out the same. 18-24mo, with an even higher burn than a bank would accept, and the assumption that you can raise a 2X+ bigger round at the end of it to pay for the previous staff + next round of hires.

VC $ works the same as short-term bank loans? how? in any case, all of this interest rate "math" the parent wrote is only applicable to short-term loans. This is math for a shawarma stand, not a company that raised 300 mil of non-borrowed money.

Re: CircleCI Layoffs

#75

Post by parkerhiggins »

tppiotrowski wrote: post #70
015a wrote: post #30

I don't want to turn a discussion surrounding layoffs into a lens about the business itself; it sucks to be laid off, and I wish everyone who was impacted great expediency in finding a new role. But I'm going to anyway: I genuinely don't understand how CircleCI is still a business. Every major code repository provider has CI built in. All of the ones I've interacted with (Github Actions & Gitlab) are just as good as…

I thought CircleCI offered iOS builds which neither Github or Bitbucket did in the past (maybe they do now?)

GitHub Actions definitely offers iOS builds.

Re: CircleCI Layoffs

#77

Post by martinald »

zamalek wrote: post #33
015a wrote: post #30

I don't want to turn a discussion surrounding layoffs into a lens about the business itself; it sucks to be laid off, and I wish everyone who was impacted great expediency in finding a new role. But I'm going to anyway: I genuinely don't understand how CircleCI is still a business. Every major code repository provider has CI built in. All of the ones I've interacted with (Github Actions & Gitlab) are just as good as…

We also recently left them for self-hosted GHA runners. The other problem is that their pricing is insane - we're building exactly the same code for ~20% of the cost.

Agreed, the pricing is all wrong. That's the #1 reason I know people have actively moved off. Not competitive esp as all source control services have it included now.

Re: CircleCI Layoffs

#78

Post by parkerhiggins »

aftbit wrote: post #15

I feel for all the engineers impacted by this layoff, but I do not agree that they are "the best CI/CD platform on the market". Our small team has moved away from CircleCI for all new projects. We are mostly using Github Actions these days. The major driver was not cost, which was minimal for our team, but the fact that CircleCI keeps breaking our build. In the ~5 years that we have used them, we have experienced at…

Also moved off CircleCI to GitHub Actions for similar reasons.

Re: CircleCI Layoffs

#79

Post by jshier »

parkerhiggins wrote: post #75
tppiotrowski wrote: post #70

Earlier quoted context omitted.

I thought CircleCI offered iOS builds which neither Github or Bitbucket did in the past (maybe they do now?)

GitHub Actions definitely offers iOS builds.

GHA has macOS runners but they're persistently 9 - 12 months behind macOS versions, making it difficult to keep using them when Apple starts requiring the latest OS version for Xcode. Luckily self-hosting is pretty easy, if you have the time, money, and expertise.

Re: CircleCI Layoffs

#80

Post by dilyevsky »

twelve40 wrote: post #67
xedrac wrote: post #38

Earlier quoted context omitted.

I suspect it has a lot to do with the rate at which companies can borrow money.

did circleci borrow any money? I know they raised $315mil, and none of the smaller companies I've ever worked for have ever borrowed anything.

Corporate debt is pretty common financing mechanism
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