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Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

bloomberg.com

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Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

#21

Post by kornhole »

wvenable wrote: post #13

> Staffing is the “single biggest cost” after fees paid to app distribution platforms like Apple Inc. and Alphabet Inc.’s Google, according to Arison. This is a hilarious quote. It's a software company! What other major costs are there besides the staff to make and manage the software? I think I even find it a little disturbing that fees paid to Apple and Google are higher than salary paid to staff.

I wonder how much money Apple and Google make per hookup. I think there is a name for this kind of business.

Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

#22

Post by throaway920181 »

wvenable wrote: post #13

> Staffing is the “single biggest cost” after fees paid to app distribution platforms like Apple Inc. and Alphabet Inc.’s Google, according to Arison. This is a hilarious quote. It's a software company! What other major costs are there besides the staff to make and manage the software? I think I even find it a little disturbing that fees paid to Apple and Google are higher than salary paid to staff.

That phrasing is obnoxious. Say it like it is - it's the "second biggest cost."

Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

#23

Post by readthenotes1 »

mjhay wrote: post #6

Not sure that it's such a great business decision to lose almost half your staff, and probably moreso the higher-performing ones with other options. I'm guessing that this was intended to reduce the headcount without paying severance, which sounds attractive to the average MBA brain with zero ability to think through long-term consequences.

Without knowing their staff size in January 2020, it's hard to know how many of these people were proactive hires with no real job to do.

Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

#24

Post by paxys »

Grindr went public via a SPAC acquisition last November and has lost 90% of its value since. I'm gonna go ahead and say it's a bad move to make RTO demands from your staff when they already see no future at the company and have one foot out the door.

The company's problems will be solved by better leadership, decision making, product vision, adaptability and faster execution...not more butts in seats at the office.

Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

#25

Post by sarchertech »

stronglikedan wrote: post #12
mjhay wrote: post #6

Not sure that it's such a great business decision to lose almost half your staff, and probably moreso the higher-performing ones with other options. I'm guessing that this was intended to reduce the headcount without paying severance, which sounds attractive to the average MBA brain with zero ability to think through long-term consequences.

Being that the job market is currently favoring employers over employees, I'd say they'll likely have no trouble finding new staff that has no problem with working in the office. They still have enough staff to get the new folks trained up. This would have hurt them a few years ago, but not now.

Losing half your staff is going to hurt you no matter what the labor market looks like. It’s likely that they’ll be losing a disproportionate number of high performers, and it’s going to take more than a year to work that many people through the hiring pipeline, and ramp them up fully.

Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

#27

Post by JackFr »

wvenable wrote: post #13

> Staffing is the “single biggest cost” after fees paid to app distribution platforms like Apple Inc. and Alphabet Inc.’s Google, according to Arison. This is a hilarious quote. It's a software company! What other major costs are there besides the staff to make and manage the software? I think I even find it a little disturbing that fees paid to Apple and Google are higher than salary paid to staff.

> It's a software company!

But it's not actually a software company.

Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

#28

Post by dpkirchner »

monksy wrote: post #3
toomuchtodo wrote: post #2

https://archive.ph/pLUy9

Is it just me or are other people being denied archive/cloudfront pages due to the CDN capacha? Every time I complete the CAPTCHA it doesnt't leave that page.

I've seen it work a few times. Most of the time it totally fails. Definitely wouldn't recommend anyone use this captcha service.

Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

#29

Post by munk-a »

reso wrote: post #15

Buried lede. The RTO requirement was in response to the staff attempting to unionize. Either retaliation or a clever method to clear out the workers who were most in favour of the union without breaking labour laws.

Labor laws are a lot more assuming than criminal laws in the US - if you do something that looks suspect and you had foreknowledge of the situation you're trying to resolve, then there's nearly no mens rea component - it is just assumed you were acting in bad faith.

Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

#30

Post by spacemadness »

stronglikedan wrote: post #12
mjhay wrote: post #6

Not sure that it's such a great business decision to lose almost half your staff, and probably moreso the higher-performing ones with other options. I'm guessing that this was intended to reduce the headcount without paying severance, which sounds attractive to the average MBA brain with zero ability to think through long-term consequences.

Being that the job market is currently favoring employers over employees, I'd say they'll likely have no trouble finding new staff that has no problem with working in the office. They still have enough staff to get the new folks trained up. This would have hurt them a few years ago, but not now.

Jokes on the people that stayed. The CEO should thank them for their sacrifice in working overtime constantly “for the good of the company.”
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