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Automattic offered employees another chance to quit — this time with nine months' severance (techcrunch.com)

submitted 1 month ago by BrikoX@lemmy.zip to c/wordpress@sh.itjust.works

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Days after 159 people accepted Automattic CEO Matt Mullenweg’s offer of a six-month severance package to employees who wanted to leave, the company floated a new offer late on October 16 of a nine-month severance package to anybody who quit immediately. Employees had four hours to decide whether they wanted to take the deal.

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[–] RagnarokOnline@programming.dev 3 points 1 month ago

The WordPress co-founder’s first offer was aimed at people who didn’t align with his views on Automattic’s fight with hosting provider WP Engine. The first batch of people who left Automattic included some top people at the company, including the head of WordPress.com (Automattic’s commercial WordPress hosting arm), Daniel Bachhuber; head of programs and contributor experience Naoko Takano; the principal architect for AI, Daniel Walmsley; and WordPress.org’s executive director Josepha Haden Chomphosy.

Huh, I wasn’t even aware this was going on

[–] protist@mander.xyz 1 points 1 month ago (1 children)

What happens to this company when the venture capital funding dried up? How do they make money?

[–] HK65@sopuli.xyz 2 points 1 month ago

Gets sold to big tech for a final payout who use the data and IP to further monopolize everything.