3 ms·
Still -- my quick google came up with 750 employees mid 2023. So this is 125-ish employees. Particularly with 5 months severance, that seems too small to save
by x0x0 3y ago
Still -- my quick google came up with 750 employees mid 2023. So this is 125-ish employees. Particularly with 5 months severance, that seems too small to save much money (assuming $300k fully loaded, that's $40m pa) and also too small to materially impact velocity by reducing headcount and being more careful about commits.
I'd expect more like a 50% cut to really speed up the significantly fewer projects by eliminating coordination overhead and giving PMs the ability to really slash projects.
ps -- I'm not claiming it was bloated, that's (implicitly, and I believe fairly?) the ceo's claim.
- mooreds 3y agoThe article quotes the memo saying it is 170 employees.