Stories
Slash Boxes
Comments

SoylentNews is people

SoylentNews is powered by your submissions, so send in your scoop. Only 18 submissions in the queue.

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.

Original Submission

 
This discussion has been archived. No new comments can be posted.
DigitalOcean Decimates Workforce as Co-Founder Reveals Lack of Profitability, Leadership Turmoil | Log In/Create an Account | Top | 19 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 3, Insightful) by barbara hudson on Thursday January 30 2020, @02:04AM (2 children)

    by barbara hudson (6443) <barbara.Jane.hudson@icloud.com> on Thursday January 30 2020, @02:04AM (#950959) Journal
    For once a proper use of the word decimate. What went wrong ?
    --
    SoylentNews is social media. Says so right in the slogan. Soylentnews is people, not tech.
    Starting Score:    1  point
    Moderation   +1  
       Insightful=1, Total=1
    Extra 'Insightful' Modifier   0  
    Karma-Bonus Modifier   +1  
    Total Score:   3  

  • (Score: 2) by c0lo on Thursday January 30 2020, @03:39AM (1 child)

    by c0lo (156) Subscriber Badge on Thursday January 30 2020, @03:39AM (#951014) Journal

    The end of times is nigh.
    Watch out for Corona virus and/or Trump getting desperate for anything to wag the dog with - the Middle East plan didn't create enough distraction.

    (grin)

    --
    https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford

    • (Score: 1, Funny) by Anonymous Coward on Thursday January 30 2020, @05:17AM

      by Anonymous Coward on Thursday January 30 2020, @05:17AM (#951042)

      You know what goes great with the Corona Virus? Lyme Disease.

      Sorry, I'll see myself out.