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Especially crazy given that, as far as I can tell, they have never turned a profit and never will.
by rossdavidh 7y ago
Especially crazy given that, as far as I can tell, they have never turned a profit and never will.
- icedchai 7y agoI'm surprised Fiverr has 360+ employees. I always figured it was 50 folks max, "craigslist" type of company.
- cosmodisk 7y agoWhat the hell those 360+ do there?...
- rossdavidh 7y agoWell, some of them are required to manage the others. Those managers need secretaries. Some of them are required to prepare reports for the managers. Some of them provide HR support for such a large workforce. Also, you need IT support for all those secretaries, report-generators, managers, and HR people. Payroll department needs to be larger given how many people work there. I could go on, but I think you get the idea.
- penagwin 7y agoI work at a warehouse with ~300 employees, selling over 70,000 different skus, etc. We have 3 Programmers, and 3 IT/network people, 1 hr, etc. We're hiring more programmers though. What the heck are 360+ employees doing? You're right you do need lots of management, but there's no way they need that many people. Like, thats a LOT of people.
- sct202 7y agoThey have 7 offices so there's probably a lot of people who have jobs to communicate between offices.
- bduerst 7y agoProbably region-specific support and dispute resolution, most likely. Two-sided markets require twice the support, now multiply by country and locale.
- sdinsn 7y agoProbably marketing, hence why they lost so much money.
- i_cant_speel 7y agoThe majority of companies that IPO aren't profitable at the time they IPO. This is nothing new.
- jddj 7y agoThe fact that it's the case for the majority of tech companies is actually new. The internet trends slides which were on the front page a couple of days ago showed just this phenomenon.