Ok, 7%. With all the cost, I wonder if just stopping hiring and letting normal attrition rate play out would have had almost the same effect.
Gitlab to lay off 7% of staff
71–80 of 622 posts
Re: Gitlab to lay off 7% of staff
#72Re: Gitlab to lay off 7% of staff
#73Severance: A single payout equal to four months' base salary, and payments will be made according to local processes and timing requirements. Equity: We’re accelerating vesting through 2023-03-15 and removing the vesting cliff for team members who have been granted equity and have been with us for under six months. Healthcare: Based on location and current benefit options previously selected by team members, healthca…
Re: Gitlab to lay off 7% of staff
#74There’s an opportunity for a SaaS that will provide a boilerplate layoff template, all you have to do is put in your % impacted and severance terms.
Re: Gitlab to lay off 7% of staff
#75Re: Gitlab to lay off 7% of staff
#76There’s an opportunity for a SaaS that will provide a boilerplate layoff template, all you have to do is put in your % impacted and severance terms.
https://www.youtube.com/watch?v=TkX-TPaodoM
The film included a lot of people who had really been fired and what their honest reactions were
Re: Gitlab to lay off 7% of staff
#77Severance: A single payout equal to four months' base salary, and payments will be made according to local processes and timing requirements. Equity: We’re accelerating vesting through 2023-03-15 and removing the vesting cliff for team members who have been granted equity and have been with us for under six months. Healthcare: Based on location and current benefit options previously selected by team members, healthca…
Re: Gitlab to lay off 7% of staff
#78Ok, 7%. With all the cost, I wonder if just stopping hiring and letting normal attrition rate play out would have had almost the same effect.
Re: Gitlab to lay off 7% of staff
#79At this point it's beginning to look like tech companies are doing this because it's the trendy thing to do, along with inserting a few words about AI in their websites and pitch decks.
https://news.stanford.edu/2022/12/05/explains-recent-tech-la...
Re: Gitlab to lay off 7% of staff
#80Tbh I'm surprised, there is a real opportunity at least in Singapore to offer better support. Lot of companies adopting Gitlab.