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Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement
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Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement
#42> 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.
Sometimes when I'm in a weird place, I keep "cleaning up" some piece of software until there's basically nothing left. I kinda fixate and forget the entire point of what I'm trying to do.
Running a company is the single biggest cost to running a company.
Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement
#43Grindr 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.
Unfortunately the “leaders in tech” are MBA brains that have no idea what they are doing long-term and when the going gets tough they turn to the age old strategy of making life miserable for their employees. This is true in the United States, anyway, where we have very little in the way of labor protection.
Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement
#44[dead]
Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement
#45Earlier quoted context omitted.
> I'm guessing that this was intended to reduce the headcount without paying severance The employees were planning to unionize, and the RTO plan "conveniently" came up right at that time. These are pretty classic union-busting techniques. I'm actually pretty nervous for users from a security perspective. The Grindr data is essentially a blackmail gold mine - combine a ton of disgruntled employees with the loss of exp…
> These are pretty classic union-busting techniques. The NLRB has been notified, mentioned in the article.
The real question is will they do anything.
Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement
#46> 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.
Given the number of hookups, it’s probably fractions of cents ;)
Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement
#47> 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.
"matchmaking"
Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement
#48(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 bet…
>You can't assume losing half of staff is a downside. RTO is a great solution for bloated companies which overhired during the pandemic.
The problem is that the less talented staff won't be the ones leaving; it'll be the ones with more options that leave, i.e. the more valuable staff.
Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement
#49Not 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.
> " with zero ability to think through long-term consequences"
The median tenure in tech is one to two years before moving on to another team or company [1]. You need to say that what you care about is long term, but that's now how we're compensated (read: incentivised). Plus you're not there to see it anyways so there are really very little incentives to think long term.
[1] some googling but couldn't find a great source for this. Though it matches what I've observed in the industry.
Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement
#50How many engineers does it take to lose chats, give bots unfettered access, not back up my messages, and spam me with low quality ads?
It’s worth pointing out that the fees they charge for the premium subscription are absolutely outrageous. $20-$40 PER MONTH.
I guess they just added a web client, which absolutely no one needs, that probably cost a pretty penny.
Scruff makes a drastically better product at similar scale with ~50-100 employees (hard to tell exactly) - Grindr appears to be suffering serious bloat.