Tell HN: Confluent laying off 8% of staff

It hasn't been posted publicly but staff recieved an email from the CEO this morning announcing that 8% of staff have been cut in a "restructuring". This is especially surprising because staff have repeatedly been told that the company has strong cash reserves and is on a trajectory to profitability, even with market headwinds. No word on the breakdown by department or role.

The real question is: does the CEO take full responsibility?

I don’t get this mentality. From a meta level, Confluent isn’t profitable. In this environment, what would you have Confluent to do?

The second point, a job is always transactional, you exchange labor for money and at any given time, either party can stop that transaction

Also, if you are a tech person in any major city in the US, you are more than likely making at least twice the median wage in that city. If others can survive making half of what you’re making, you should be able to save enough to weather a brief storm.

Of course I understand things are different if you are here on H1B.

>Was this an "open-source folks will do it for free anyhow"

I doubt it. Open-sourcing anything is a lot of work. Managing open-source projects is a lot of work. There are no guarantees that that project will even get any external development traction or mindshare, and if this is still an important component to you, you'll be paying developers to build it out anyway.