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

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101–110 of 288 posts

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

#101
> CEO says firm is smaller than ideal but positive for margins

Sounds like "quiet cutting"[0] to me, only I'm guessing the CEO's target was slightly less people quitting.

It's remarkable how quickly startups have become aggressively anti-worker.

0. https://www.wsj.com/articles/first-it-was-quiet-quitting-now...

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

#102
post #67

Earlier quoted context omitted.

> " 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 s…

> The median tenure in tech is one to two years before moving on to another team or company [1]. Note that individuals who switch jobs often inherently will figure in a higher number of tenures that you’re taking the median of here. This means the majority of software engineers will actually have a longer tenure.

Jobs Georg, who has changed jobs 10,000 times in the last three years, is an outlier and should not have been counted.

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

#103
post #7

I was surprised they are trading publicly.

Zombie from cheap debt. The typical IPO scam.

It's funny how so few people realize that the end of ZIRP means the end of tons of companies like this. Without nearly-free debt, many of these companies have no business model at all.

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

#104
post #77

Earlier quoted context omitted.

What are they? Edit: as the saying goes, people don't want a drill, they want a hole. So if Grindr isn't a software company but a matchmaker that happens to write software (or CaaS/PaaS), then I don't know who truly is a software company. Microsoft is a productivity company, Amazon is a retailer & B2B services company, Google is an advertiser, and so on.

Are Craigslist or Ebay software companies? They obviously need software to run, but like Google who are mainly in the ad business, these people are in the matchmaking/social business not software business --unless they were to sell their software to other parties who were user/client-facing.

There’s not a whole lot of matching going on. Grindr just shows a grid of X closest people.

I would say that is software since you need GPS and a map application for that. And a chat.

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

#105
post #56

Earlier quoted context omitted.

> 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.

Which implies that staffing is less than 30% which means .... where is the other 40% going?!?!? Edit: unless advertising spend on the platforms is being counted ...

Does "staffing" include contractors? That could be another big chunk.

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

#106
post #77

Earlier quoted context omitted.

What are they? Edit: as the saying goes, people don't want a drill, they want a hole. So if Grindr isn't a software company but a matchmaker that happens to write software (or CaaS/PaaS), then I don't know who truly is a software company. Microsoft is a productivity company, Amazon is a retailer & B2B services company, Google is an advertiser, and so on.

Are Craigslist or Ebay software companies? They obviously need software to run, but like Google who are mainly in the ad business, these people are in the matchmaking/social business not software business --unless they were to sell their software to other parties who were user/client-facing.

I think of it like this: would the business exist without the software they wrote in house to facilitate the business? If the business ceases to exist without the software: it's a software company.

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

#107
post #50

How 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 sca…

>I guess they just added a web client, which absolutely no one needs, that probably cost a pretty penny. I'd argue the opposite, they absolutely need a web client, as Grindr (and Scruff) are getting their lunch eaten by a new Seattle-based competitor that has no app store presence and fully embraces the freedoms that come with that, and is cheaper to boot.

That Seattle based startup has also had some pretty damning security issues that, afaik have never been acknowledged publicly.

Maybe I should do a write up about my experience getting IPs, hashed passwords and even moderation action notes blasted at me.

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

#108
post #72

Earlier quoted context omitted.

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

Probably more than you'd expect. They have two levels of subscriptions [1][2]. XTRA is $19.99 per month and Unlimited is $39.99 so potentially the revenue per hookup could be pretty high, at least as far as per user app revenue goes, assuming a reasonable subscription rate. [1] https://help.grindr.com/hc/en-us/articles/1500008656241-Grin... [2] https://help.grindr.com/hc/en-us/articles/1500008656741-Grin...

Yeah but you don't have to have either of those memberships and in big cities, at least, it's easy enough to get a hookup without them

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

#109

> CEO says firm is smaller than ideal but positive for margins Sounds like "quiet cutting"[0] to me, only I'm guessing the CEO's target was slightly less people quitting. It's remarkable how quickly startups have become aggressively anti-worker. 0. https://www.wsj.com/articles/first-it-was-quiet-quitting-now...

[deleted]

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

#110
post #24

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.

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.

CEO of Grindr is not an MBA, just a nice liberal arts guy from Middlebury. CFO isn’t either.
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