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It's a software tech company. They make the Grindr app. Nothing else.
No, they are a matchmaking connections-as-a-service company that happens to do it through an app.
off-topic but I feel the urge to insert a gif with Palpatine rubbing/clapping it's hands, with an evil smile on-topic: 1. this move assures that all/most unionising employees quit; 2. given the 90% stock drop, will make this quarter look stellar (less salaries, more profit). to the people resigning: power is taken, not given!
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> " 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…
1-2 years for first few years in the industry, possibly a decade. Older employees tend to stay much, much longer.
A lot of things probably going on there.
- Personal/family situation probably favors stability over mobility
- May already make pretty good comp so jumping for something better is less incentivized
- Value is more in making connections and using internal networks than banging out code, biasing towards longer term.
(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…
> RTO is a great solution for bloated companies which overhired during the pandemic Not really. A bloated company that overhired during the pandemic would presumably like to choose who they let go.
Challenges will arise in 6 months or even later, but maybe Arison doesn't really care. He's been CEO since barely 1 year and may leave the boat when he will boast massive profits before a downturn.
> 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.
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>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.
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Unless a company is doing a computationally expensive thing (like deep learning, or big data crunching etc) or the domain is commoditized/low value then the opex should be an inconsequential amount, and only at massive scale does it become worth optimizing (relative to the cost of engineer's time to do that optimization). Optimizing for runtime speed can be a product advantage though, but in my experiences are usuall…
I don't think that has much bearing on my question of ranking server costs with other costs (which I don't know the answer to, I'm just saying it's a cost among all the others cited). Further, I think their app is pretty popular so it does require some of that optimized engineering on the server side.
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That phrasing is obnoxious. Say it like it is - it's the "second biggest cost."
Paying my cat sitter is totally out of control! It's my single biggest cost, after my mortgage, food, utilities, travel, clothing, internet, entertainment, drugs, coffee, gas, and succulent plant collection.