341–350 of 429 posts
And here the layoffs. The upper management were banking 250,000 the last time I read their details.
Why is this several hundred upvotes news? A startup grows from 30-something to 90-something it's too much it trims a little. That's entirely normal. What's the big news?
It trimmed the most recent employees, who decided to take the job after rejecting other job offers. Hiring 60 people in one year and then firing 10 of them in less than a year isn't nice and it doesn't feel nice. It's definitely a screw up in planning. I understand why it can happen for sure, but still sucks.
Earlier quoted context omitted.
From what I've experienced, I'd like to see both "The Prince" and "The Art of War" banished from the world of business.
What do you mean by banished from the world of business? I've seen variations of the core principles applied at every company I've worked for so far.
Earlier quoted context omitted.
It trimmed the most recent employees, who decided to take the job after rejecting other job offers. Hiring 60 people in one year and then firing 10 of them in less than a year isn't nice and it doesn't feel nice. It's definitely a screw up in planning. I understand why it can happen for sure, but still sucks.
That too but the fact that he's using this as a "look what I did guys! I'm being transparent!" post opportunity is what really offends me.
Earlier quoted context omitted.
Such a great book. I've seen his tactics play our over and over again during my working lifetime.
From what I've experienced, I'd like to see both "The Prince" and "The Art of War" banished from the world of business.
That's not to say that there may not be better approaches, in some aspects. In my mind I organise Getting to Yes and How to Win Friends as books that are complementary, yet approach the problem from a co-operative perspective.
But we haven't totally vanquished that part of ourselves that the Art of War and the Prince were written to deal with. Even if you banned these books, people would independently derive their principles.
Earlier quoted context omitted.
I admire Buffer for being so transparent with their salaries, but I don't think I would ever decide to work for a company that mandated it. In my (admittedly limited) experience, mandating salary transparency tends to increase the salaries of low performers and reduce the salaries of high performers. It usually eliminates the potential for negotiating raises and poses difficult questions about paying some employees m…
The $155k salary might be due to the transparency, but could it also be due to a simple inability to pay developers $300k+? That's well over double the CEO's salary. I think it's clear they simply don't have the revenue and cash reserves to pay developers that kind of money. I suspect you'll find this to be true at a lot of smaller startups that rely on actually making money instead of fundraising.
I certainly appreciate their openness, and like to follow their progress, but... ...could anyone explain to this naive commenter how it takes 90 (80 for that matter) people to run essentially a 'cronjob as a service' business?
Let's do some simple estimation! I haven't really looked at their spreadsheet, so this is just guesswork. The product is fairly simple technologically yes, but the value is provided by making it easy to use so the customer saves time (= money). To do that you need a few UX people plus some developers (especially with web and mobile apps), call that 15 engineers/designers total, plus another 5 for ops. Now you need a…
1 HR person per 5.5 employees? This is insanely high. A company that size need 2-3, tops.
Earlier quoted context omitted.
Well, except for hiring. When they get to that again. Sometimes just vocalizing things came lead to new insight. I like their approach, minus the salary transparancy.
> When they get to that again. Looks like they're still hiring: https://buffer.com/journey/full-stack-developer
Yeah that's what I was going to say, there's a link to the we're hiring page on the new salary formula spreadsheet:
https://docs.google.com/spreadsheets/d/1l3bXAv8JE5RB9siMq36-...