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GitLab announces workforce reduction and end of their CREDIT values

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Re: GitLab announces workforce reduction and end of their CREDIT values

#541

Post by twoodfin »

drdrek wrote: post #535

As someone that is raising money from VCs, I feel really sorry for large VC backed companies right now. What you see here is the Product-VC tension of the AI era, and in a large company its devastating. Users want a product that delivers the value they are looking for, VCs are looking for infinite AI scale, these do not meet. So founders need to present two different values and visions, one for customers and one for…

The message was pretty clear that the only “users” that matter to them now are agents.

It’s not clear at all this is the wrong move.

Re: GitLab announces workforce reduction and end of their CREDIT values

#542

Post by KaiserPro »

u_fucking_dork wrote: post #108
fidotron wrote: post #22

The fact they can't capitalize on the current trainwreck of GitHub speaks volumes. If they had the right product people would be throwing money at them.

Brother there’s nothing to capitalize on. They really don’t want an avalanche of free users bringing their shit down too I think.

Gitlab used to be about as reliable as github. (ignoring the security oopses they used to have)

They simply don't have (or didnt) the skills to scale. THey were talking about using ceph to run things (which gives you an idea about how green their infra team was)

Re: GitLab announces workforce reduction and end of their CREDIT values

#543

Post by dandellion »

simonw wrote: post #196

https://www.google.com/search?q=gitlab+stock shows their stock price was ~$52 a year ago and is $26 today, so down 50% in 12 months. It's quite possible this is because they weren't making enough noise about their AI strategy. If investor fears are that AI makes GitLab's business less valuable, including this in their "GitLab Act 2" announcement makes a whole lot of sense: > The agentic era multiplies demand for soft…

Looking at their stock it has always been going down, even before AI. How could we know that the reason it's going down now is they were not making enough noise about AI, and not whatever it was that was making it go down before?

Re: GitLab announces workforce reduction and end of their CREDIT values

#544

Post by ricardobayes »

groby_b wrote: post #81
torben-friis wrote: post #70

Lots of interesting information here: >The agentic era affords GitLab the largest opportunity in our history as a company, and we're making the structural and strategic decisions to meet it >Operationally, we grew into a shape that was right for the last era and isn't right for this one To meet their largest opportunity ever, they believe they need less resources. I'm not sure I understand how that follows. >We're re…

8 layers of management??? At gitlabs team size, that means every manager has 2-3 reports? Yeah, I'd be cutting layers too.

Gitlab has approx. 2300 employees (!)

I never really got why they need to be a public company in the first place.

Re: GitLab announces workforce reduction and end of their CREDIT values

#545

Post by stingraycharles »

denvrede wrote: post #517
vultour wrote: post #515

GitLab could be the perfect case study on AI-powered efficiency improvements. I have never interacted with a piece of software that, for every single problem I found, there was an open issue always at least 4-7 years old that was just being shuffled around by managers adding and removing random labels. Surely with all of these ridiculous developer productivity gains enabled by AI, they should finally be able to fix a…

I'm certain that if they would start doing that, without a proper strategy / workflow when it comes to QA, it will be GitHub reloaded. You'll be able to watch the decline in real-time.

But that’s the issue the parent is highlighting, you can’t just throw AI at these problems because the bottleneck is decision making, it always is, and AI is bad at that.

So nothing really changes in terms of product development velocity, it’s just headcount reduction.

But that’s not what their own marketing strategy communicates.

Re: GitLab announces workforce reduction and end of their CREDIT values

#547

Post by ricardobayes »

usernametaken29 wrote: post #34

GitLab never ceases to amaze me in terms of just how bad their product roadmap is. Practical things like CI improvements are put off over UI rebranding on unicorn colours. Yet, good tooling is exactly why people used to pay for GitLab. For better or worse maybe this finally can change and we can get more customer oriented roadmaps again

Until very recently, in my experience the data filtering on issues was broken (at least on the self-hosted version).

Also their diffing, they use "..." diffing, and ".." is not apparently there in their GUI. As a git diffing tool I found this very odd.

Re: GitLab announces workforce reduction and end of their CREDIT values

#548

Post by lelanthran »

platevoltage wrote: post #448
mirekrusin wrote: post #382

Earlier quoted context omitted.

I don't think anything is going to calm down. Models will only get better with time, not worse. Demand will keep raising.

Of course they're not going to get worse. That would be absurd. The rate of progress will slow down though.

> Of course they're not going to get worse. That would be absurd. The rate of progress will slow down though.

It's unlikely, but not totally improbable - Model collapse means that the subsequent models would get worse over time, not better.

Re: GitLab announces workforce reduction and end of their CREDIT values

#549

Post by ricardobayes »

drdrek wrote: post #535

As someone that is raising money from VCs, I feel really sorry for large VC backed companies right now. What you see here is the Product-VC tension of the AI era, and in a large company its devastating. Users want a product that delivers the value they are looking for, VCs are looking for infinite AI scale, these do not meet. So founders need to present two different values and visions, one for customers and one for…

Never really got how gitlab got so big, what's their USP? To my knowledge they don't really have anything that is not reproducible rather easily.

Re: GitLab announces workforce reduction and end of their CREDIT values

#550

Post by robotmay »

gnomespaceship wrote: post #522
robinhood wrote: post #226

Of course this is happening. Gitlab's values were only there for marketing - just take a look at their massive turnover of employees who get burn so fast they don't have time to update the About page fast enough. Gitlab is a terrible company, period.

You're wrong about the values. Since the start, GitLab's values were real and lived, unlike every other company I've been at. Only after Staples' takeover as CEO and C-suite changes, they started eroding rapidly, starting with Transparency. Source: I'm ex-GitLab

Yeah it was a pretty awesome place to work up until the IPO, my first year was probably the most enjoyable I've ever had at a job.
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