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Restructuring Announcement

automattic.com

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Re: Restructuring Announcement

#241

Post by nilamo »

nostrademons wrote: post #216
halfcat wrote: post #191

Earlier quoted context omitted.

> Unless you have no cash on hand and are operating soley off debt?? Bingo

My employer actually has roughly $100B of cash on hand. The issue is that they're a publicly-traded company, with a fiduciary responsibility to shareholders. If they're investing in an internal product that will make back 1% of the money invested in it over the next couple years, but they could have been investing in Treasury Bills that make back 4.5%, they are committing financial malpractice and will be sued accord…

If that were true, Research and Development couldn't exist.

Re: Restructuring Announcement

#242

Post by emaro »

fooqux wrote: post #223
emaro wrote: post #203

I wonder what this means for the future of Beeper.

I'm wondering the same thing. Considering they were just acquired, I'm concerned. Especially since as far as I know, they still are operating under a free model.

Yes, however Automattic seems invested in the idea, since they also acquired Texts.com (which I didn't know before). So maybe the "universal chat app" is still part of their plan going forward?

Still, I'm concerned too. But I guess only time will tell...

Re: Restructuring Announcement

#243

Post by johann8384 »

KennyBlanken wrote: post #141
melbourne_mat wrote: post #65

From an alternate universe: I apologize for my erratic behavior which has tarnished our brand and created unnecessary turmoil within our organization. Regrettably, we will need to implement a 16% reduction in headcount to address the financial challenges we now face. I have decided to step aside and hand over control to my deputy, who I believe will provide the steady leadership needed to rebuild trust and restore ou…

He'll never admit he was wrong or step down. He'll drive Automattic into the ground and Wordpress along with it (until someone forks it, like say...WP Engine, heh. Or Redhat, or IBM, or some huge web design firm, etc.) He considers Wordpress "his" even though...he took it over from the original author who was abandoning the project. It reminds me of the rage-bender Jamie and Jim Thompson went on, attacking OPNsense f…

I have a bright red m0n0wall firewall on the shelf above my desk. Nothing to add here, just its very rare I run across anyone who might think its cool, or even know what it is.

Re: Restructuring Announcement

#244

Post by mgdev »

Griffinsauce wrote: post #177
mgdev wrote: post #83

Earlier quoted context omitted.

Matt's only real problem is not owning his ambition openly. Trying to publicly argue the moral high ground was a stupid, unforced error. It didn't need to be moralized at all. Just make the changes you want to make, piss off a vocal minority, then get back to winning and making boatloads of money by executing exceptionally. The problem, I suspect, is that Matt values how certain people perceive him more than he value…

> he's clearly a very good executer and strategist. He's getting in his own way. Apparently not. I'd argue he was perceived as such but has thoroughly proven the opposite by now. There were so many stations to get off the train.

Automattic is a $7b+ company. That's the twenty-year body of work you should use to evaluate his execution and strategy.

Re: Restructuring Announcement

#245

Post by loco5niner »

melbourne_mat wrote: post #65

From an alternate universe: I apologize for my erratic behavior which has tarnished our brand and created unnecessary turmoil within our organization. Regrettably, we will need to implement a 16% reduction in headcount to address the financial challenges we now face. I have decided to step aside and hand over control to my deputy, who I believe will provide the steady leadership needed to rebuild trust and restore ou…

I read this out of context and thought it was referring to Trump.

Re: Restructuring Announcement

#246

Post by tandr »

alvah wrote: post #112
paradox460 wrote: post #100

Earlier quoted context omitted.

This will continue until there are actual consequences for those responsible. I'm of the mindset that any time a company does layoffs, they should start from the top And work down.

>I'm of the mindset that any time a company does layoffs, they should start from the top And work down. Oh, to be young and idealistic again! So in your world, the people running the business should fire themselves first?

I think you might've misspelled "ruining" a bit. It is ok, I think we have read you correctly anyway, at least I did.

Re: Restructuring Announcement

#247

Post by melbourne_mat »

loco5niner wrote: post #245
melbourne_mat wrote: post #65

From an alternate universe: I apologize for my erratic behavior which has tarnished our brand and created unnecessary turmoil within our organization. Regrettably, we will need to implement a 16% reduction in headcount to address the financial challenges we now face. I have decided to step aside and hand over control to my deputy, who I believe will provide the steady leadership needed to rebuild trust and restore ou…

I read this out of context and thought it was referring to Trump.

Actually I wrote it for Elon then added the headcount reduction!

Re: Restructuring Announcement

#248

Post by mgdev »

reshlo wrote: post #163
mgdev wrote: post #83

Earlier quoted context omitted.

Matt's only real problem is not owning his ambition openly. Trying to publicly argue the moral high ground was a stupid, unforced error. It didn't need to be moralized at all. Just make the changes you want to make, piss off a vocal minority, then get back to winning and making boatloads of money by executing exceptionally. The problem, I suspect, is that Matt values how certain people perceive him more than he value…

If more people valued how others perceive them more than they valued winning, the world would be a better place.

He should care principally about his customers. That's it.
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