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Atlassian to shed 5 per cent of workers

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Re: Atlassian to shed 5 per cent of workers

#181

Post by throwayyy479087 »

yunohn wrote: post #162
metaphor wrote: post #109

Probably not a good image that Scott[1] and Mike[2] (via their respective trusts) have been quite busy liquidating 1,076,750 shares each into the public at a rate of 8,614 shares per trading day since the beginning of October last year...all the while laying off 5% of their workforce. Something about leaders eating last comes to mind... [1] https://www.sec.gov/edgar/browse/?CIK=0001666121 [2] https://www.sec.gov/edga…

How is this legal? Why are there always different rules for the managerial/ruling class…

This is the opposite of what you think - look into 10b-5.

Re: Atlassian to shed 5 per cent of workers

#182

Post by xhkkffbf »

yunohn wrote: post #162
metaphor wrote: post #109

Probably not a good image that Scott[1] and Mike[2] (via their respective trusts) have been quite busy liquidating 1,076,750 shares each into the public at a rate of 8,614 shares per trading day since the beginning of October last year...all the while laying off 5% of their workforce. Something about leaders eating last comes to mind... [1] https://www.sec.gov/edgar/browse/?CIK=0001666121 [2] https://www.sec.gov/edga…

How is this legal? Why are there always different rules for the managerial/ruling class…

The different rules for the leaders are actually stricter. The average worker gets secrecy and they can sell all at once. The leadership needs to set up a public plan and commit to it.

Re: Atlassian to shed 5 per cent of workers

#183

Post by cloverich »

onethought wrote: post #59
latency-guy2 wrote: post #48

Earlier quoted context omitted.

Most companies with lots of cash during the inflation years overhired, those workers left smaller or less profitable companies that do not pay as much. The population of engineers did not grow that significantly IMO.

Yes the offers going around in the last few years for developers has been bullshit. It forced a lot of smaller shops to overpay to retain engineers, because of bullshit VC money backed competition. Then the VC money washes away and suddenly the market crashes... This isn't a good way to operate as an industry, and all that money produced what in terms of actual innovation?

This is actually the second half of OPs comment. Fed greases the wheels, distorting the market. Those who can take advantage of it (VC funded companies) do so, which propagates the distortion. Everyone else pays up to find / keep talent, or closes shop. Fed reverses trend, the bubble bursts. Now we watch the market slowly correct.

The worst part here is a lot of companies were making real products, that customers really wanted and really paid good money for. But if those customer companies were VC reliant / vaporware, then even that strategy won't pan out. Only by predicting that and actively working to skip easy money and find more durable businesses, pivoting quickly, or having extra cash reserves.

Re: Atlassian to shed 5 per cent of workers

#184

Post by nullspace »

csomar wrote: post #50
nullspace wrote: post #30

Earlier quoted context omitted.

Developer here. I quite like Jira, I've never seen anything as fleshed out or complete as it is. At a previous startup, I used clubhouse.io, but I seriously missed Jira after a few months. I generally think Atlassian is a really solid company building good products and I really don't get the hatred. I'm also open to acceptable alternatives to Jira and Trello. Edit: ooh, just saw that they also own statuspage. And eve…

Trello is not really their product. They acquired that company.

Sure, but they also (likely) have tons of teams maintaining and improving them. It's somewhat (but not exactly) like saying Youtube and Android are not Google's products.

Re: Atlassian to shed 5 per cent of workers

#185

Post by marcosdumay »

onion2k wrote: post #29
bydlocoder wrote: post #18

Earlier quoted context omitted.

It will be a blood bath. Postman "Labs", a company that produces a glorified cURL UI and some incoherent most likely useless tools around it received $433M investment at valuation of $2B and apparently has hundreds of employees. Current state of tech is not sustainable.

As always you have to remember that the public UI of a SaaS business is rarely telling the whole story about why the headcount is what it is, and without significantly deeper knowledge of everything the business is doing, including future products in development , it's really hard to say if there are too many people or not. Most engineers are not in a business to support the day to day running of an app. They're ther…

Oh, man, I guess you are just repeating the point that every company is bloated.

The public UI (and performance) of a SaaS business is the one thing that adds value to society and is valued by its customers. Yes, new products development is a really great place to put some people, but how often do you see those large companies develop something good by themselves?

Re: Atlassian to shed 5 per cent of workers

#186

Post by nullspace »

DrBazza wrote: post #94
nullspace wrote: post #30

Earlier quoted context omitted.

Developer here. I quite like Jira, I've never seen anything as fleshed out or complete as it is. At a previous startup, I used clubhouse.io, but I seriously missed Jira after a few months. I generally think Atlassian is a really solid company building good products and I really don't get the hatred. I'm also open to acceptable alternatives to Jira and Trello. Edit: ooh, just saw that they also own statuspage. And eve…

As someone who never watched Gavin+Stacey, and cannot be held accountable for James Corden, I did, on the other hand recommend to my Megabank employer, way back in the 00s that we purchase Jira. I know we spent $$$$$ on it, and therefore helped Atlassian grow into what it is today. Back then, Jira really was good and fast compared to everything else, which was pretty much bugzilla or a roll-your-own corporate ticket…

> Youtrack always feels like it should get more traction, but perhaps Jetbrains are happy with it being an MVP for their own purposes.

If Jetbrains Spaces gets some more adoption and maturity it may just kick Atlassian's backside. :)

Re: Atlassian to shed 5 per cent of workers

#187

Post by cloverich »

alexjplant wrote: post #170
thexumaker wrote: post #91

Earlier quoted context omitted.

Linear

Linear is unfortunately too opinionated. At my last gig my manager wanted everybody to be using the same task tracker (understandably) and I wanted our team to move to a Kanban process because we evolved into the Infra/DevOps/IT team and ended up doing very little product work. At the time there was no way to operate in this paradigm as Linear forced you to use "Cycles" (a proprietary term for a time box) and it mean…

As a counter point, I've used several and have found them all more or less fine. It's always been the quality of the lead / PM that mattered _far_ more, and I've never seen bike shedding / switching around tracking tools to offer any value. Old (extremely slow) JIRA was the only time I felt the tool was really affecting the team's productivity, but the last several years JIRA cloud has seemed fine too.

I can appreciate preferring customizable tools, but if I were to personally choose for the company I'd prefer a constrained and opinionated one. Not coincidentally, this is analogous to the choice many companies make in their programming languages / linters the team's use.

Re: Atlassian to shed 5 per cent of workers

#188

Post by haskellandchill »

metaphor wrote: post #109

Probably not a good image that Scott[1] and Mike[2] (via their respective trusts) have been quite busy liquidating 1,076,750 shares each into the public at a rate of 8,614 shares per trading day since the beginning of October last year...all the while laying off 5% of their workforce. Something about leaders eating last comes to mind... [1] https://www.sec.gov/edgar/browse/?CIK=0001666121 [2] https://www.sec.gov/edga…

a chunk of our executive team is resigning, that's how it should be done

Re: Atlassian to shed 5 per cent of workers

#189

Post by krooj »

cooperadymas wrote: post #126
bydlocoder wrote: post #31

Earlier quoted context omitted.

That's why I mentioned "incoherent and probably useless other tools". Apparently, they launched some sort of no-code tool for stringing APIs together but still not ready with their GraphQL client. For reference, another company that sells developer tools, JetBrains, has around 2000 employees.

I can't tell where you're driving with the JetBrains comparison. Truthfully, I'm a little surprised they only have 2000 employees. They have a suite of IDEs supporting a multitude of languages, that are almost universally considered best in class. IDEs are not an easy thing to build. They developed and maintain the Kotlin language which has all but become the standard for Android dev. And they have integrated team co…

I am not surprised. Hire carefully with specific requirements in mind, stay hyper-focused on your product(s), and eschew corporate trends towards bloat, fomo, and "feel good" initiatives.

Re: Atlassian to shed 5 per cent of workers

#190

Post by kodah »

Xeamek wrote: post #101
kodah wrote: post #83

Earlier quoted context omitted.

> We are in IT business for God sake. We make crap ton of money, we can work from pretty much anywhere in the world and the market is still undersaturated by a lot. Obviously loosing job always sucks, but this social movement of caring about workers who were let go was meant to be about poor, low skill laborers with no viable alternative in sight, not heckin programmers lmao I don't think all or even most programmers…

Never said you can just willy nilly dance, but you won't be walking hungry, even if you might need to get out your comfort zone and god forbid work in PHP for a few months. Compare that to people who work minimum wage, have no education and are barely keeping things together- them loosing a job and You loosing a job is just worlds apart of a difference

Yeah, I still don't agree with this. Skills become irrelevant, worker burnout and churn in tech is high, geocentralization and the requirement to move are also detrimental, the requirement to live in vastly expensive cities with reasonable commutes generally puts a higher risk level on any savings, and lastly, not all tech workers are married to other high income earners, which I feel like these privilege statements are designed to ignore.
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