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Some Automattic employees accept severance package offer

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Re: Some Automattic employees accept severance package offer

#52
post #23

8.4% or 159 employees is a lot of people, this will be long-remember at this company. On the other hand, most companies easily have at least 20% headcount overhead, so it'll be okay.

twitter fired a lot more % and it's still working

https://techcrunch.com/2024/09/29/fidelity-has-cut-xs-value-...

Re: Some Automattic employees accept severance package offer

#53
post #5
post #3

Earlier quoted context omitted.

Especially if they were already looking for a way out / unsure if they want to stay. And the person who accepted 6 months salary/$30k to leave the job he started two days prior... Bravo, that's efficiency.

Seems like another CEO/lawyer misstep. Why offer the same package for someone who started 2 days ago? Someone could've made "Length worked at company" as a factor in the maths. A 30K budget would make a very nice 6 months vacation indeed...

[deleted]

Re: Some Automattic employees accept severance package offer

#54
post #23

8.4% or 159 employees is a lot of people, this will be long-remember at this company. On the other hand, most companies easily have at least 20% headcount overhead, so it'll be okay.

twitter fired a lot more % and it's still working

Twitter revenue is down 84% and is continuing to collapse every month. If that is "Working", then I'd love to laugh at your definition of failing :D

Re: Some Automattic employees accept severance package offer

#55
post #44

Earlier quoted context omitted.

That was peak tech idiocy. If I remember correctly nearly half the company took the severance package? Generous of them to offer all that free money, but a crazy business decision.

I’m not saying DHH is a great company leader (I don’t know!). But did the business do worse afterwards? Having too many employees can hinder the business, even if they are great people.

The founders Jason and David talked about this in a recent podcast two weeks ago: https://www.youtube.com/watch?v=2d39Q48KPV4

They say that before the layoff in 2021 they had been trying to grow aggressively. And since the layoff they have decided to stay small and not rehire. They say they were 83 and now they are 60. Specifically they have not hired anyone to be a full time manager since. Now everyone works on non-managerial tasks. Management is only part of your work.

I did see David post that they had 1500 applicants for a recent job posting. They offer extremely good pay for remote jobs outside SF and the US so it makes sense that lots of people are interested.

Re: Some Automattic employees accept severance package offer

#56
post #23

8.4% or 159 employees is a lot of people, this will be long-remember at this company. On the other hand, most companies easily have at least 20% headcount overhead, so it'll be okay.

twitter fired a lot more % and it's still working

It is actually quite remarkable that Twitter has kept functioning at a technical level. A lot of people expected the massive loss of engineering talent to doom them, but it seemingly hasn't.

However, the site is going through a serious cultural (maybe you could say spiritual) death, and that might have something to do with the lost institutional knowledge of what made Twitter tick at a level deeper than just the code.

Re: Some Automattic employees accept severance package offer

#58

Earlier quoted context omitted.

twitter fired a lot more % and it's still working

By nearly every measure Twitter is doing a lot worse than it was before those people were fired. It was growing in revenues and profit and since then has shrunk drastically in both measures. Now one could reasonably argue that it wasn’t due to the firing. However, the burden of proof lies with the people claiming that the concurrent loss of revenue and profit had nothing to do with the firings. And Twitter being a pr…

People were claiming at the time that twitter would shutdown and close shop.

Re: Some Automattic employees accept severance package offer

#60

Earlier quoted context omitted.

twitter fired a lot more % and it's still working

By nearly every measure Twitter is doing a lot worse than it was before those people were fired. It was growing in revenues and profit and since then has shrunk drastically in both measures. Now one could reasonably argue that it wasn’t due to the firing. However, the burden of proof lies with the people claiming that the concurrent loss of revenue and profit had nothing to do with the firings. And Twitter being a pr…

> However, the burden of proof lies with the people claiming that the concurrent loss of revenue and profit had nothing to do with the firings.

No, if you want to establish correlation or causation, you have to prove it. Don't have access to the data to prove something? Sucks, but then you can't draw that conclusion, at least not definitively.

I can believe, though, that you're at least somewhat correct that the mass firings were responsible for Twitter's decline. But it's plausible that other things are also to blame, and possibly even primarily to blame: questionable product decisions made post-acquisition (Twitter Blue, lax moderation, requiring logins to view, ...), the volatility and offensiveness of the new owner causing advertisers to leave, etc.

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