Is it fair? Adobe employees don’t get good raises or even get paid well compared to FAANG. Then they go and pay 2X valuation to acquire a company and anyone who joined that company prior to 2020 get a 10X increase in their stock while Adobe employees suffer a 20% down turn in their stock due to this event. Ridiculous
Aren’t a lot figma employees going to be fired? Isn’t that how an acquisition works?
For this case it is probably the opposite, figma is the winning product and will get more investment from adobe, otherwise the 20b acquisition doesn’t make sense. It’s the adobe employee need to worry about their futures.
Like deliverr and shop? I don’t think adobe does that since they should have good cash on hand.
The cost of killing their competition is steep in short term but will pay in long term
It’s similar to how new hires get paid more than tenured employees. Just how the industry works 🤷♂️
The caliber of Figma people is much higher. I’m sure Adobe has some talents, but they cannot create anything worthwhile in this extremely bloated and highly bureaucratic company. At this stage Adobe is becoming a legacy platform that’s beyond fix, just like Salesforce. It’s just like Zoom took over WebEx’s market. Eric Yuan’s talent is worth billions at Zoom and almost nothing at WebEx. Adobe XD possibly listed 5x the number of designers Figma has in its acknowledgement and yet it’s still 💩.
If this acquisition goes through, the smart Figma engineers will gradually leave and Adobe will hire backfills in India and eventually the whole team will be in India
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