So much this. GitLab’s values and ethos were completely incompatible with becoming a public company. Sid is always seen as the good guy but it was his narrow minded greed that led here.
how exactly was it incompatible and why do you thikn you know better
Man your fall from public image is quite bad, you use to be a nice guy at conferences but just a jerk online? For shame.
Could have been a B corp perhaps
Aha, it's public. That explains the inflated employee count. Same story every time.
They have almost a billion dollars in revenue
And what good is that for the workers that still got laid off? Maybe software devs should have residuals.
As others mentioned this sounds like they are reducing management, not firing developers. But that could be wrong.
And somehow still never profitable! Living on borrowed time. Cuts were always coming. Nothing to do with AI.