Wait let me guess, the CEO is taking full responsibility but with no actual consequences?
At least they didn't host a rock concert for worlds richest elites the night before.
Prisma laying off 28% staff
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Re: Prisma laying off 28% staff
#12Re: Prisma laying off 28% staff
#13how many are affected? 28% of what?
Re: Prisma laying off 28% staff
#14Does this company make any money? Any at all?
They have burned so much cash making an average ORM. First in Scala. Then in Rust. For what benefit over just TypeScript? None.
Just impossible to debug and a total pain to contribute to for JS devs.
When this company dies so to will the ORM. No one else is going to maintain this thing.
Re: Prisma laying off 28% staff
#15how many are affected? 28% of what?
-- linkedin says they have 164 employees --
Re: Prisma laying off 28% staff
#16Earlier quoted context omitted.
Why should he face consequences? Instead he should focus on learning from the mistake so that the company can try to avoid making the same mistake again. Punishing him isn't going to solve any of the company's problems.
When you need to cull 28% of the headcount it signifies a huge fail over many many months, not just a one off miscalculation
In many cases I suspect there isn't any need beyond attempting to show shareholders that you are doing "something".
A lot of these layoffs will be net negatives for the companies.
Re: Prisma laying off 28% staff
#17Re: Prisma laying off 28% staff
#18Earlier quoted context omitted.
Why should he face consequences? Instead he should focus on learning from the mistake so that the company can try to avoid making the same mistake again. Punishing him isn't going to solve any of the company's problems.
When you need to cull 28% of the headcount it signifies a huge fail over many many months, not just a one off miscalculation
One miscalculation can result in them over hiring. Are you suggesting they should have instead every month lay off a few people depending on how the current environment looks instead of 28% at once?
Re: Prisma laying off 28% staff
#19It gets to the point where it's hard to even know what to say about the nth tech layoff announcement. It's a good reminder, if we needed one, of how fragile the good times are, for anyone who is an ordinary professional working in an economy like this. I wish there were something more concrete we could do to support each other - like something more concrete than "sure I would recommend people from my network for jobs…
> It gets to the point where it's hard to even know what to say about the nth tech layoff announcement.
Investors don't get free helicopter money, thus they can't pump money into startups/tech companies thus companies have to cut the dead weight. There will be more lay offs coming - because the free money economy is currently suspended.
Re: Prisma laying off 28% staff
#20This company is based on an ORM library? How do they make money?