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Its a business, not a charity. Just because they have money doesnt mean they should spend on people who arent contributing to the bottom line.
What information do you have that they weren't contributing to the bottom line?
> But the technical achievement wasn’t translating into revenue growth, and by last year, with the company at 130 employees and burning through cash, Masad said he had to make a painful decision. “I looked at our burn, and I looked at our progress on our revenue chart, and it just didn’t make any sense. The business wasn’t viable.” Replit cut its headcount by 50%, bringing it down to around 60 to 70 people at its low…
Wow, so, connecting these dots: - reducing headcount by 50% down to ~70 people = firing 70 people - at a generous estimate of total burdened cost of $1M/person/year, that's $70M/year - which accounts for a full 5 years of that war chest - and, moreover, "at its lowest point" suggests that perhaps Replit has expanded headcount again since; the article mentions that it has done some acqui-hires. Levels.fyi shows Replit…
Earlier quoted context omitted.
Its a business, not a charity. Just because they have money doesnt mean they should spend on people who arent contributing to the bottom line.
What information do you have that they weren't contributing to the bottom line?
As an online IDE they would have had a chance. But when they pivoted into AI, they decided to enter a highly crowded place with very strong players.
Recently OpenAI and now Anthropic are developing mobile clients as well:
https://www.testingcatalog.com/anthropic-prepares-claude-cod...
Earlier quoted context omitted.
Its a business, not a charity. Just because they have money doesnt mean they should spend on people who arent contributing to the bottom line.
What information do you have that they weren't contributing to the bottom line?
I believe he initially had a vision for the product but now the whole schpiel is quotes like "a kid made $180k on an app in 4 weeks" like he was on and on about in podcasts.
Ok if its so easy, why don't you use your own website to do a bunch of $180k / m apps? How many companies can have employees produce 12 different apps per year and a combined revenue of $2.1m per employee? Also everyone can do it so you can pay them minimum wage you don't need developers.
But of course nobody is going to make any successful apps other than the people in the marketing materials.
Earlier quoted context omitted.
Wow, so, connecting these dots: - reducing headcount by 50% down to ~70 people = firing 70 people - at a generous estimate of total burdened cost of $1M/person/year, that's $70M/year - which accounts for a full 5 years of that war chest - and, moreover, "at its lowest point" suggests that perhaps Replit has expanded headcount again since; the article mentions that it has done some acqui-hires. Levels.fyi shows Replit…
Ehh. I don’t love it and it isn’t good optics, but if you can’t find a way to utilize your employeees (such as having a hard time finding a maeket fit for an existing product) then it isn’t your moral obligation to keep paying them. It isn’t clear what employees were laid off ir for what reason either.
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Seeing it as offline could be related to this: ”Please note that Riju is only available on IPv6-enabled networks due to the higher financial cost of supporting legacy protocols.”
Definitely that, I read this on a mobile 5G connection and was able to access it just fine
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Ehh. I don’t love it and it isn’t good optics, but if you can’t find a way to utilize your employeees (such as having a hard time finding a maeket fit for an existing product) then it isn’t your moral obligation to keep paying them. It isn’t clear what employees were laid off ir for what reason either.
The original sin was probably hiring those people for a not-yet-clear business in the first place…
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What do you think would be a better estimate for average salary if we assume heavy offshoring?
Depends from country to country. I live in India so I can chip in on the situation I suppose and give my/(India's?) perspective on this. So firstly, it would depend if they are doing remote-job/offshoring directly to a dev or if they are contacting a consultancy instead. A consultancy can seriously bloat the amount of cost but usually non tech are the ones going to a consultancy but in a consultancy very few (like 5%…