[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)
        
 (HTM) web link (www.forbes.com)
 (TXT) w3m dump (www.forbes.com)
        
       | 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)