I was let go this morning along with at least 4 others from team. Looks like a big company wide layoff is underway
Tell HN: DigitalOcean is doing layoffs
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Re: Tell HN: DigitalOcean is doing layoffs
#2Another one… thanks for reporting and I feel sorry for you.
Re: Tell HN: DigitalOcean is doing layoffs
#3Same here. Rolled over in bed to an email from Yancey to my personal email. Went to my laptop, can't log in, Slack is also dead.
Early Spring Break!
Re: Tell HN: DigitalOcean is doing layoffs
#4I just set up a Slack for those of us who were laid off: https://join.slack.com/t/slack-e4g5716/shared_invite/zt-1pcb...
Re: Tell HN: DigitalOcean is doing layoffs
#5It appears that this was heavily orchestrated; right before their earnings call for tomorrow on the 16th.
I am expecting an announcement of this layoff from them shortly but their stock is going to be very volatile in the next 24 hours.
Re: Tell HN: DigitalOcean is doing layoffs
#6good luck with your next endeavour
Re: Tell HN: DigitalOcean is doing layoffs
#7It appears that this was heavily orchestrated; right before their earnings call for tomorrow on the 16th. I am expecting an announcement of this layoff from them shortly but their stock is going to be very volatile in the next 24 hours.
Didn't know they were public company
Re: Tell HN: DigitalOcean is doing layoffs
#8When interest rates are 0%, any amount of growth compounded over years is attractive.
When you can get a 5% risk-free return from treasuries, even 7% rate of return is unattractive when compared to the safest asset on earth returning 5%.
My point is, layoffs will continue until companies are much more efficient, or interest rates go down.
Re: Tell HN: DigitalOcean is doing layoffs
#9Same here. Rolled over in bed to an email from Yancey to my personal email. Went to my laptop, can't log in, Slack is also dead. Early Spring Break!
Very sorry to hear that, though you seem to have a fairly good outlook about it.
Excuse me if it's callous to ask this at this time, but as I've been observing layoffs and been hearing that people are immediately shut down from their systems, I'm wondering: how do they communicate it to you if you can't access your email? Do they reach out to your personal email, call you, send you a letter?
I might understand revoking access but if the only immediate means of communication of termination are not being to access your systems, and thus having to deduce that you've been laid off, that would be fucking abhorrent.
Re: Tell HN: DigitalOcean is doing layoffs
#10When interest rates are 0%, any amount of growth compounded over years is attractive. When you can get a 5% risk-free return from treasuries, even 7% rate of return is unattractive when compared to the safest asset on earth returning 5%. My point is, layoffs will continue until companies are much more efficient, or interest rates go down.
> My point is, layoffs will continue until companies are much more efficient, or interest rates go down.
Exactly what the FED wanted.