311–320 of 1001 posts
Earlier quoted context omitted.
> Kind of crazy that Dropbox has 2600 employees No, the HN consensus is they are massive geniuses for moving out of AWS. Nobody here ever accounts for the extra datacenter, hardware platform, hardware ops, infrastructure ops, etc.
I'm sure that they did their research before making the big move.
TIL that nobody knows what they're doing. Jokes aside, how do you end up having more than 500 excess people than what you need? What is management exactly doing during the time they went from 1 excess person to 500? Did they just hope the "macroeconomic headwinds" would become tailwinds? Didn't they at some point see that they have more people than valuable work, and maybe we should deal with that problem instead of…
So they attempted to use DB's position to leap-frog into new product categories, which require big spend on R&D and related teams, as well as new heads for supportive teams (sales, marketing, support, etc).
It's not working, so they are pulling back and re-trenching.
That all seems pretty transparently NOT a "having too much money" problem.
TIL that nobody knows what they're doing. Jokes aside, how do you end up having more than 500 excess people than what you need? What is management exactly doing during the time they went from 1 excess person to 500? Did they just hope the "macroeconomic headwinds" would become tailwinds? Didn't they at some point see that they have more people than valuable work, and maybe we should deal with that problem instead of…
But I will be glad to see that my salary and bonus increased a bit this year :)
>As CEO, I take full responsibility for this decision and the circumstances that led to it, and I’m truly sorry to those impacted by this change. But I will be glad to see that my salary and bonus increased a bit this year :)
For context, Drew Houston's total compensation for the year in 2023 was $1.5M: > According to our data, Dropbox, Inc. ... paid its CEO total annual compensation worth US$1.5m over the year to December 2023. That's a notable increase of 34% on last year via https://finance.yahoo.com/news/heres-why-dropbox-inc-nasdaq-... Even if Drew took minimum wage, that would save ~15 jobs assuming $100K all-in comp (which seems lo…
The severance packages suck. COBRA is the single largest expense for departing employees. Industry standard is to offer 18 months, not 6. Many job searches take longer than 6 months, so employees will be left high and dry right when they need it most.
Are we in the same industry, where are you based? I got 2 months when I was laid off last year.
I also know many tech people who got just 1 month.
TIL that nobody knows what they're doing. Jokes aside, how do you end up having more than 500 excess people than what you need? What is management exactly doing during the time they went from 1 excess person to 500? Did they just hope the "macroeconomic headwinds" would become tailwinds? Didn't they at some point see that they have more people than valuable work, and maybe we should deal with that problem instead of…
One of my dad's anecdotes, back when he was alive, was when he was interviewing someone for a job.
"Why did you leave your last position?"
"After six months, management noticed my entire floor was doing the same thing as the next floor."
Earlier quoted context omitted.
> Actually, I know why. It's because they have too much money and when you have too much cash, you start splurging without thinking and then one day the chickens come home to roost. This is an incredibly uncharitable and shallow take, on the level of that comment many years ago that said something along the lines of "what's so interesting about Dropbox? It's just rsync, I could build it in a weekend". We don't operat…
I think what people forget about layoffs is that all those "excess" employees who have been there didn't sit around doing nothing during the time they were there. Those 20% of Dropbox staff wrote a bunch of code, made a bunch of sales, and did a lot of other tasks that will have an impact even after they don't work there anymore. Even though they are being laid off, their contributions still have a positive impact on…
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