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

submitted 1 month ago by [email protected] to c/[email protected]

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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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[–] [email protected] 1 points 1 month ago (1 children)

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

[–] [email protected] 3 points 1 month ago

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