They laid of 10 people, 11% of their workforce - which means they had ~90 employees.
Crunchbase tells me they have had almost 4M in investment since 2011 and Baremetrics puts them at 45M in lifetime revenues. So, call it a round $50M in capital.
50M/90 employees all in is around $135k/employee each year for the last two years. Subtract all the perks and those numbers get hard fast.
Just goes to show that, even with a lot of cash, a lot of people cost a lot. It ends up doing a disservice to each existing employee, with each new person your company brings on, if you can't scale revenue with the pace of hiring.
Crunchbase tells me they have had almost 4M in investment since 2011 and Baremetrics puts them at 45M in lifetime revenues. So, call it a round $50M in capital.
50M/90 employees all in is around $135k/employee each year for the last two years. Subtract all the perks and those numbers get hard fast.
Just goes to show that, even with a lot of cash, a lot of people cost a lot. It ends up doing a disservice to each existing employee, with each new person your company brings on, if you can't scale revenue with the pace of hiring.