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DigitalOcean Decimates Workforce as Co-Founder Reveals Lack of Profitability, Leadership Turmoil

posted by Fnord666 on Thursday January 30 2020, @12:16AM   Printer-friendly
from the wave-goodbye dept.

upstart writes in with an IRC submission for Bytram:

Wave goodbye: DigitalOcean decimates workforce as co-founder reveals lack of profitability, leadership turmoil:

DigitalOcean last week axed an undisclosed number of employees.

In a statement to The Register, a spokesperson for the cloud-server-hosting biz addressed the job cuts using bland buzzwords that said very little about what's actually going on.

"DigitalOcean recently announced a restructuring to better align its teams to its go-forward growth strategy," the spinner spun.

"As part of this restructuring, some roles were, unfortunately, eliminated. DigitalOcean continues to be a high-growth business with $275m in ARR and more than 500,000 customers globally. Under this new organizational structure, we are positioned to accelerate profitable growth by continuing to serve developers and entrepreneurs around the world."

The New-York-based outfit did not say how many people it has let go, though reports suggest the number ranges from 35 to 50, or roughly 10 per cent of the 450-person company. Twitter has been abuzz with former DigitalOcean workers seeking new jobs.

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  • (Score: 2) by PartTimeZombie on Thursday January 30 2020, @01:00AM (2 children)

    by PartTimeZombie (4827) on Thursday January 30 2020, @01:00AM (#950932)

    Tone it down, dude. It's getting old.

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  
    Total Score:   2  

  • (Score: 0) by Anonymous Coward on Thursday January 30 2020, @08:57AM (1 child)

    by Anonymous Coward on Thursday January 30 2020, @08:57AM (#951096)

    You're right, I thought my remarks were just harmless fun since this is the Internet but I can see now that I'm only offending people. I apologize and will do better...

    • (Score: 0) by Anonymous Coward on Friday January 31 2020, @08:29AM

      by Anonymous Coward on Friday January 31 2020, @08:29AM (#951703)
      First you became more a joke than your "jokes".

      Now both you and the crap you spout are just getting old.