~$1M/year in sponsor revenue, yet most engineers were laid off. That doesn’t look like survival, it looks like a choice. What am I missing?
Tailwind Labs fired engineers while making –$1M from sponsors
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Re: Tailwind Labs fired engineers while making –$1M from sponsors
#2How many developers can _you_ pay with $1M? What about your other costs?
Re: Tailwind Labs fired engineers while making –$1M from sponsors
#3Discussion: https://news.ycombinator.com/item?id=46527950
Re: Tailwind Labs fired engineers while making –$1M from sponsors
#4money would come without engineers, turning into pure profit.
Re: Tailwind Labs fired engineers while making –$1M from sponsors
#5$1M isn’t really that much money when you factor in expenses like payroll and taxes. 3 US-based devs earning 200k each cost the company an additional 25-35% in payroll taxes and benefits, bringing the total cost north of $800k.
I have no idea what the financial situation is there, but it personally doesn’t read to me as someone trying to be greedy.
I sometimes think individual founders have it harder because they’re small enough to want to engage in communities like this while Fortune 500 companies have brutal layoffs impacting thousands while earning record profits and we just accept it.
Google and Microsoft have committed corporate genocide in the last 12 months relative to this guy and yet it’s so much easier to criticize him instead.
Re: Tailwind Labs fired engineers while making –$1M from sponsors
#6AFAIK Tailwind had around 8 total employees. $1M simply can't pay for 8 people.
Re: Tailwind Labs fired engineers while making –$1M from sponsors
#7AFAIK Tailwind had around 8 total employees. $1M simply can't pay for 8 people.
layoffs 75% of their employees -> 3 team members
Re: Tailwind Labs fired engineers while making –$1M from sponsors
#8$1M isn’t really that much money when you factor in expenses like payroll and taxes. 3 US-based devs earning 200k each cost the company an additional 25-35% in payroll taxes and benefits, bringing the total cost north of $800k. I have no idea what the financial situation is there, but it personally doesn’t read to me as someone trying to be greedy. I sometimes think individual founders have it harder because they’re…
i don't hate the ppl behind tailwind , i want to know more about the finacial part because $1M seems good money
Re: Tailwind Labs fired engineers while making –$1M from sponsors
#9Re: Tailwind Labs fired engineers while making –$1M from sponsors
#10Big corp makes thousands of millions in profit, not revenue, but profit, layoff thousands of employees and nobody cares.
Small company making 1M in revenue, from where they need to pay taxes, wages, administrative expenses and other things before having any profit, needs to layoff 5 employees from 8 in order to keep the lights on, and is somewhat greedy?
Really!?
What kind of world are we living now?