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Product Hunt cleans house with layoffs impacting 60% of staff
- throwaway5959 3y agoWhat a garbage way to refer to layoffs. Cleaning house. Bastards.
- nine_zeros 3y agoDiscard everything that does not spark joy (more profits). \s
- jslakro 3y agoTC, not PH
- throwaway5959 3y agoYes.
- r0fl 3y agoWhy does a simple site like this need more than even 5 employees?
- DoesntMatter22 3y agoTrying to become a unicorn when you are a miniature horse
- dasil003 3y agoYou can do it tiny horse! https://www.youtube.com/watch?v=YEA2lEXou8A https://www.youtube.com/watch?v=YEA2lEXou8A
- yieldcrv 3y agoI mean Instagram’s purchase for a billion was when it had 13 employees from what I can tell, a lot of people hire for the sake of hiring, like a local politician might boast about jobs for the sake of jobs, and people kind of have that ingrained mentality, like they can be a part of that “a job creator” and hope to court people that appreciate that, like old growth capital firms that need to see headcount as rationale for more capital
- testfoobar 3y agoIn earlier web days, sites with niche targets such as Product Hunt were labors of love. I personally knew of a site with ~250K users and extensive community engagement - all funded with advertising contracts. It was run by two guys. Only one of them full time.
- minimaxir 3y agoProduct Hunt tried to pivot multiple times years ago when it was evident that just being an aggregator alone won't have a positive ROI.
- Fauntleroy 3y agoI didn't even know this website was a business, or had a business model at all
- yieldcrv 3y ago> Ayyanger tells TechCrunch the layoffs were not due to economic factors. > “It wasn’t for financial or company performance reasons,” he said. “Traffic has never been higher and we’re in a great place, financially. It was for strategic reasons.” such as my personal bank account, continuing to emulate big tech like Twitter in my hopes to be considered like them, and finding other ‘deep cuts’ to be arbitrary: why 10% or rounds of 20% when you can do 60%
- mvdtnz 3y ago> “It wasn’t for financial or company performance reasons,” he said. “Traffic has never been higher and we’re in a great place, financially. It was for strategic reasons.” Good thing he's operating in the wild west. This admission would land him in court in my country. Absolute scum of the earth.
- liquidise 3y ago> Absolute scum of the earth. Strikes me as harsh given that we know essentially nothing about the company's plans. The laid off employees were given severance and the CEO offered to personally intro people to hiring companies. The CEO stated it was to increase speed and focus (i read as reducing meetings/overhead). I understand people are upset with layoffs taking place, but how do you think a company should behave when they realize they are wasting time and money?
- bastawhiz 3y ago> when they realize they are wasting time and money? > Traffic has never been higher and we’re in a great place, financially. It was for strategic reasons.” Call me old fashioned, but no amount of execs introing me to companies that are hiring forgives them for realizing they don't give a shit about me and my job because they'd rather make more money. They should have thought about that before hiring in the first place. Severance isn't a reward, it's the absolute bare minimum.
- deleted 3y ago[deleted]
- missedthecue 3y agoHow is it possible to justify this? Any layoff should have been thought about before they hired? In your sort of moral framework, a company would not be able to reduce headcount until bankruptcy. No, companies don't give a shit about you, it's egotistical to believe you're that important that you deserve ongoing charity paychecks just because they hired you at some point in the past. Employment is purely, by definition, a transactional relationship. You sell labor. They buy labor. It's why you are free to leave as soon as it makes sense, and it's why they can do the same.
- bruceb 3y agoNowhere in the article does it say how many employees there were. No idea how many actual people were let go.
- culopatin 3y ago60% of 20? Knowing how far Reddit went with just a few people Id be surprised if they were that many
- workfromspace 3y agohttps://archive.ph/2e3r0 https://archive.ph/2e3r0 (techcrunch doesnt work without JS)
- CSSer 3y agoThey should probably focus on rebranding next.
- codestuffs 3y agoMaybe worth noting that the CEO immediately brought on several friends from previous projects.