| [HN Gopher] Unicorn Startup Airtable Lays Off 27% of Firm, Shift...
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Unicorn Startup Airtable Lays Off 27% of Firm, Shifts Focus to Big
Clients
Author : kpw94
Score : 24 points
Date : 2023-09-15 21:13 UTC (1 hours ago)
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|
| nine_zeros wrote:
| > We had the capital and said, 'let's hyper-scale; let's recruit
| as many smart people as we can and just throw them into the
| business and see what they can do,'
|
| Inner workings of the mysterious "leadership"!
| Michelangelo11 wrote:
| Practically definitional ZIRP.
| ssss11 wrote:
| Wow. So visionary.
| 71a54xd wrote:
| [flagged]
| schleck8 wrote:
| > Liu, 35, says that Airtable, a Forbes Cloud 100 honoree, had
| been swept up in the hiring frenzy that spread across the tech
| world following the easy-money days that followed the COVID
| lockdowns of 2021.
|
| > "I let myself get caught in the hyper-competitive environment
| at that time. We had the capital and said, 'let's hyper-scale;
| let's recruit as many smart people as we can and just throw
| them into the business and see what they can do,'" says Liu,
| adding that Airtable will be cash flow positive after this
| round of layoffs
|
| Learn to read
| ryanwaggoner wrote:
| Yes, totally, Joe Biden should disregard the careful work of
| thousands of economists and other professionals, and instead
| focus on a layoff of 237 people he heard about.
| dragonwriter wrote:
| It is, and a startup reconfiguring as it pivots its focus is
| something that happens irrespective of overall unemployment
| levels.
| xnx wrote:
| Good tool that fills the huge gap left when Microsoft Access
| failed to make the jump to the online world. Kudos to everyone
| who grabbed a slice of that free money pie, but it was never
| realistic that every app would have hundreds of millions of
| users.
| ericmcer wrote:
| Thats kind of a crazy valuation to employee count ratio. 237 =
| 27% of company means they have ~850 or so employees for a company
| with an 11.7b evaluation. Seems off.
| pedalpete wrote:
| I'm curious why AirTable needs to shed people in order to focus
| on becoming a pubic company, but Stripe can continue to grow and
| remain private.
|
| Is this just the CEO signalling that he wants his exit?
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(page generated 2023-09-15 23:01 UTC) |