Spiceworks let go 12% of their workforce today
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@Carnival-Boy said in Spiceworks let go 12% of their workforce today:
How many people to they have?
I think that they were in the 400 range before yesterday. They lost a ton more than 12%, but the layoff was only 12%.
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Blimey. I didn't realise they were that big. I thought there would be about 50! What do they all do?
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@Carnival-Boy said in Spiceworks let go 12% of their workforce today:
Blimey. I didn't realise they were that big. I thought there would be about 50! What do they all do?
That's a great question. I've been there a lot and honestly, I have no idea! And I'm guessing at the number, but they have had huge growth in people since they were 250, so 400 is very reasonable and we know that 76 left yesterday according to an inside source. But that number included the 12% laid off plus the number that quit as well, we think, and isn't just the 12% that was laid off since they had a lot of both.
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They are a marketing company and so a ton of the staff are marketing roles. Whether it is physical stuff like graphic artists that make ads to marketing consultants for vendors. Then they have a massive media department that does full TV style production with studios, editing, writing, etc. Then there is the normal IT staff, but that's like three or four people. Lots of management. Community management I feel was five or six people last that I was there. There is a content generation department. Sales was a huge department. There is a group that does conferences. Account management. Regional management. And then there was a group that made the software too and that team was enormous. You'd think that it was just one or two people but they had dozens of them; even almost ten years ago. What they all do we could never figure out, but there were tons. Then there is product support teams, Q&A and stuff like that.
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Amazing when you think that WhatsApp still only has 55 employees (according to Wikipedia).
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@Carnival-Boy said in Spiceworks let go 12% of their workforce today:
Blimey. I didn't realise they were that big. I thought there would be about 50! What do they all do?
App & software development
Marketing the app
Marketing the community
Community software development
Vendor management/relationship building
Content creationNow, add to that the support staff. Secretaries, bug testers, support techs, graphic designers, accountants/legal.
My biggest worry about Spiceworks was posted here:
https://community.spiceworks.com/topic/post/5006409"Why do you need so much money?
At Spiceworld London, as part of the CEO presentation they talked about the huge funding you received previously and recently you confirmed another huge set of funding.
Is Spiceworks in profit? Why is money still being poured into it? Has it not yet reached a self sufficient level?"
Not even a year has passed since I asked that question and look what has happened.
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@Breffni-Potter said in Spiceworks let go 12% of their workforce today:
Not even a year has passed since I asked that question and look what has happened.
That question has been brought up every single year since day one. Why so much money, so much debt, so much external ownership when they had clearly grown as big as they possibly could (their numbers were showing bigger than the entire potential marketplace so there was truly nowhere to go) yet kept taking it on as if there was more growth to be done... but there was nowhere to go. No idea where they thought sustainable revenue would come from. But VCs like to just up the ante, go IPO and let the buyers deal with sustainability. But you have to survive to IPO.
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What I can't believe is that when something horrible has happened to loyal, long term staff without any warning, and in the most awful way with no options.... they have users congratulating them for how well they handled it (as if there was ANY option to not be public about this as it was going to be public minutes later from the laid off staff anyway), and people talking about how reorgs are natural in healthy companies and stuff. The degree to which people will bow down and worship that company... even to the point of what feels like open mocking of the poor people who just got the shaft... is a big sickening. Did they do something good by admitting in the eleventh hour that they were doing layoffs when their back was to the wall and had no reasonable choice not to... not in the slightest. Is this a strategic move to take the company in a new direction? Not at all, they are out of money and suddenly need to contract in the hopes of revenue not falling short of expenditure.
And it isn't like they were fully transparent. Yeah 12% were laid off, but they leave out that they've been firing before this group; major people were let go recently. Then the 12%. Then a large walk out (no one is mentioning that one.) Then more let go hours after this announcement. Um... transparent? People will say anything to make it sound like something good has happened. It's really upsetting the things that people will say to praise them when they haven't even looked into the situation. Bottom line, a lot of good, hard working, loyal people just got the shaft with zero warning and absolutely no transparency when people on the outside knew this was coming for a long time.
It's adding insult to injury to have all these people "hurt" and the company that mistreated them for years by keeping this all a secret and then a zero warning layoff when they were told everything was going great being praised for how well it handled it. It's honestly pretty mean spirited, IMHO.
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There are a lot of good replies too, people sorry for the state of things and sad that so many people were let go. But there are just way too many trying to spin this into a positive thing making it another "SW can do no wrong" moment when clearly, this is just a negative that could not have been avoided at this time. Companies contract, it happens, but it sucks especially for those made redundant through no fault of their own. People are acting like they were dead weight that was dragging the ship down. It's as if they want SW to be so blameless that they will attack those already hurt in order to make SW look good. Argh, makes me very upset. Especially when someone was fired after the layoff round just for telling the truth to the remaining staff! They literally fires someone for being transparent last night... and continue to get praise from people that they are duping for being so transparent!
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You're over analysing it Scott. People are just trying to say something nice and positive.
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@Carnival-Boy said in Spiceworks let go 12% of their workforce today:
People are just trying to say something nice and positive.
But only something nice and positive about the negative actions. That's a negative. Like saying "I'm positive you'll fail."
I understand that they want to be positive, but only for the company, not the situation. They are using it as an advertising opportunity (the people, not SW themselves.)
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I went to Spiceworld for the first time last year, when I heard they had 400+ employees I was shocked that it was that many... I didn't think there was any way they could make enough money to support a workforce that big doing what they did.
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I feel bad for the people that lost their jobs. I hope they find work soon. Getting media jobs from what I understand is already difficult. I'm sure companies are going to offer lower paying salaries due to the local market being flooded. Sad.
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@wirestyle22 said in Spiceworks let go 12% of their workforce today:
I feel bad for the people that lost their jobs. I hope they find work soon. Getting media jobs from what I understand is already difficult. I'm sure companies are going to offer lower paying salaries due to the local market being flooded. Sad.
Media jobs are tough in general, but SW is a good media brand to have on your CV and Austin is a good town to be looking for that kind of work. So hopefully the majority of people will land on their feet very quickly.
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@scottalanmiller said in Spiceworks let go 12% of their workforce today:
@wirestyle22 said in Spiceworks let go 12% of their workforce today:
I feel bad for the people that lost their jobs. I hope they find work soon. Getting media jobs from what I understand is already difficult. I'm sure companies are going to offer lower paying salaries due to the local market being flooded. Sad.
Media jobs are tough in general, but SW is a good media brand to have on your CV and Austin is a good town to be looking for that kind of work. So hopefully the majority of people will land on their feet very quickly.
I hope that is the case
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I always love to see how a community (any community) pulls together to help people find jobs etc. too. So if you all know of anything even if it's not in Austin. Let them all know!
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@Minion-Queen said in Spiceworks let go 12% of their workforce today:
I always love to see how a community (any community) pulls together to help people find jobs etc. too. So if you all know of anything even if it's not in Austin. Let them all know!
Although trust me, pretty much everyone is going to fight to stay in Austin. Such a great place to be.
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@scottalanmiller said in Spiceworks let go 12% of their workforce today:
@Minion-Queen said in Spiceworks let go 12% of their workforce today:
I always love to see how a community (any community) pulls together to help people find jobs etc. too. So if you all know of anything even if it's not in Austin. Let them all know!
Although trust me, pretty much everyone is going to fight to stay in Austin. Such a great place to be.
My best friend lives in Austin. He's never coming back to NJ
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@wirestyle22 said in Spiceworks let go 12% of their workforce today:
@scottalanmiller said in Spiceworks let go 12% of their workforce today:
@Minion-Queen said in Spiceworks let go 12% of their workforce today:
I always love to see how a community (any community) pulls together to help people find jobs etc. too. So if you all know of anything even if it's not in Austin. Let them all know!
Although trust me, pretty much everyone is going to fight to stay in Austin. Such a great place to be.
My best friend lives in Austin. He's never coming back to NJ
I have a buddy in Austin and he loves it.
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I was only ever willing to move to Texas because of Austin. Sadly I never got to live there
