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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

#31

Post by ThrowawayTestr »

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 think I even find it a little disturbing that fees paid to Apple and Google are higher than salary paid to staff.

Well it's 30% of their revenue right off the top.

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

#32

Post by [deleted] »

JackFr wrote: post #27
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.

[deleted]

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

#33

Post by JackFr »

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.

> probably moreso the higher-performing ones

That's a pretty big assumption there.

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

#34

Post by znpy »

spacemadness wrote: post #30
stronglikedan wrote: post #12

Earlier quoted context omitted.

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.”

The people who stayed can give their two week notice next week and argue that they are way more critical now.

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

#35

Post by starkparker »

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.

How is the unionization push a buried lede when the unionization push is in the story's lede

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

#36

Post by atkailash »

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.

[dead]

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

#37

Post by mjhay »

JackFr wrote: post #33
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.

> probably moreso the higher-performing ones That's a pretty big assumption there.

Higher-performing employees generally have more options than lower-performing ones, so they aren't desperate enough to go through a disruptive and expensive move in order to keep their job. For similar reasons, I'd expect senior-level employees to be over-represented, because they're more likely to have kids, a spouse, and an existing mortgage.

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

#38

Post by calimoro78 »

(1) You can't assume losing half of staff is a downside. RTO is a great solution for bloated companies which overhired during the pandemic. (2) On the flip side, RTO is only a lever for large tech companies who pay great salaries. Startups' advantage is that they can compete for talent by offering remote work that large companies are not willing to offer due to their large real estate commitments. You may just be better off embracing remote work forever.

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

#39

Post by Longlius »

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.

Yeah they can have folks trained up a year from now assuming they can fill the spots immediately. For the next year or so, they'll probably be far below capacity.
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