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> Despite today’s news, we’re confident in our business. I believe we have the right strategy to succeed in the long term. We have the best CI/CD platform on th

> Despite today’s news, we’re confident in our business. I believe we have the right strategy to succeed in the long term. We have the best CI/CD platform on the market by leaps and bounds. We see that success reflected in the continued growth of our business, adding thousands of high-performing engineering teams to our platform over the past 12 months. Clearly that's not the case if you're doing layoffs, no? Wouldn't you want to keep those folks around so you can do that bit at the bottom: "Our customers are some of the most innovative, engineering-centric businesses on the planet, and helping them do great work will continue to be our focus."

CharlesW 4y ago
> Wouldn't you want to keep those folks around… I'm sure they would if they felt they could, however… "…there is a ripple effect of uncertainty in our sector. Since the start of Q4, we’ve seen a dramatic shift in how every company’s performance is evaluated. Companies were once praised for growth at all costs. Very rapidly, market expectations have shifted. The emphasis now is on maximizing efficiency." Meaning, this is (as I read it) largely a response to investor pressure to right-size.
jfengel 4y ago
This is how the business cycle works. Companies expand during the booms, so that they can prepare to take on more business than they are currently doing. Eventually somebody realizes that it has all been irrationally exuberant, and a bunch of them get laid off. This is why the standard economics policy is to try to grow slowly and smoothly rather than have big boom and bust cycles. As the saying goes, the Fed's job is to take the punch bowl away just as the party gets started. But unfortunately, everybody loves punch, and boos when the Fed takes measures to rein in the economy. The last recession in the US ended in 2009, but the central bankers treated it as a crisis until... until it became a different crisis.

CharlesW 4y ago

> Wouldn't you want to keep those folks around… I'm sure they would if they felt they could, however… "…there is a ripple effect of uncertainty in our sector. Since the start of Q4, we’ve seen a dramatic shift in how every company’s performance is evaluated. Companies were once praised for growth at all costs. Very rapidly, market expectations have shifted. The emphasis now is on maximizing efficiency." Meaning, this is (as I read it) largely a response to investor pressure to right-size.

jfengel 4y ago

This is how the business cycle works. Companies expand during the booms, so that they can prepare to take on more business than they are currently doing. Eventually somebody realizes that it has all been irrationally exuberant, and a bunch of them get laid off. This is why the standard economics policy is to try to grow slowly and smoothly rather than have big boom and bust cycles. As the saying goes, the Fed's job is to take the punch bowl away just as the party gets started. But unfortunately, everybody loves punch, and boos when the Fed takes measures to rein in the economy. The last recession in the US ended in 2009, but the central bankers treated it as a crisis until... until it became a different crisis.