| I'm a huge supporter of GitLab, I love their product. Facilitated the use of it for my work and really admire how open their product development and company morals are. So when I say that this is probably one of the worst decisions they can make I hope you can understand I don't say that casually. The problem with running an open company (check out their handbook[0] if you don't understand what I'm referencing) is that you can be held accountable to your values when you break them. All these blog posts regarding the "current macroeconomic climate" make it sound as though they've been blindsided by the downturn in the economy. To me, that's just a straw man. If you listened to any economist or financial adverser, even while the economy was doing okay in 2022, most knew there was a recession coming[0]. Even if they didn't know that, and they were completely ignorant (of which I would expect multiple executive level firings), they bragged in the Q3 Earnings Call on 12/05/2022 that "We added over 200 new team members in 3Q and we continue to experience lower attrition than the industry"[2], undoubtedly as they were planning layoffs. According to Wikipedia, Gitlab had 1,630 employees in January of 2022, so assuming they added 500 new employees in 2022, 7% layoffs would be about 150 positions. Given that, I love this quote from that same call[2]. > As Sid and I have said over the last several quarters, our number one priority is growth but we
will do this responsibly. The "I" that quote is Sharlene Seemungal, acting CISO[3]. I don't even have to research the layoffs to know that neither Sid nor Sharlene have suffered from the layoffs. All that said, it's laudable the level of investment you took in ensuring the employees you laid off have a good transition--but it would be better if you didn't play the corporate bullshit shocked pikachu face game when the downturn everyone knew was coming came and actually hired responsibly. [0] https://about.gitlab.com/handbook/values/ [1] https://www.cnbc.com/2022/06/09/recession-will-hit-in-first-... [2] https://ir.gitlab.com/static-files/96839a79-517d-4d92-989f-9... [3] https://about.gitlab.com/handbook/eba/ |