this post was submitted on 12 Sep 2024
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Uhh, what kinda dispute causes an entire staff to quit??
Can’t see any reason mentioned in the article other than a disagreement with the owner.
Just seems crazy that they’ve let such a successful team walk away, when it sounds like the team were willing to find a way forward…
They likely had some outlandish request or policy that was anathema to the department's mission, and just assumed that they would cave. Seems like good leadership stuck to their principles, and the good leaders were followed by teams who weren't willing to lose that.
If the owner is smart, they'll backtrack, make concessions when hiring everyone back, and learn from their fuckup. In reality, I hope the new company that forms from the exodus finds fast success.
the staff wanted equity vis a vis the spinoff, and ownership decided they didn't want to give it to them
The wiki blurb seems to indicate that the staff were in negotiations to split off and Megan Ellison decided not to let them do that.