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> The layoff was announced internally alongside an executive departure. Airtable’s chief revenue officer, chief people officer and chief product officer have al
by ketzo 4y ago
> The layoff was announced internally alongside an executive departure. Airtable’s chief revenue officer, chief people officer and chief product officer have all parted ways with the company, effective today
That's gotta be a little worrying, huh?
Also, in the article, it mentions that "20% of staff were affected". That puts Airtable at ~1250 employees (pre-layoff). They raised $725 million in 2021. So this can't possibly be a cash crunch, right? Feels more like opportunistic restructuring - a chance to make some painful changes with the justification of "the economy."
- malfist 4y agoIsn't this what everyone is asking for? If you over hire and have to layoff people, heads should roll at the executive level for leading to this.
- treis 4y agoI think the GP's implication was that it's more like rats fleeing a sinking ship rather than heads rolling.
- cokeandpepsi 4y agodo you think they are going to fire themselves? lolol
- endtime 4y agoPeople complain when layoffs don't touch execs and ask where the accountability is. Maybe this is that? (That doesn't preclude it being worrying for the business.)
- atomicnumber3 4y agoPersonally I always wonder if it's less "laid off to face consequences" and more "the adverse selection post-layoff quitting where people with the most opportunity leave for greener pastures".
- jcollins1991 4y agointeresting how the chief people officer was able to leave twice in one day... linked article makes it clear that it was the chief product officer https://techcrunch.com/2022/12/08/airtable-chief-revenue-officer-chief-people-officer-and-chief-product-officer-are-out/ https://techcrunch.com/2022/12/08/airtable-chief-revenue-off...
- friedman23 4y agoChief people officer was repeated in the article before, they probably edited it.
- IshKebab 4y ago1250 people is a hell of a lot. Especially if they're paying SV wages that $725m is only going to last a few years. They will have looked at their growth and realised they will run out of money long before reaching profitability.