Asana : another layoff?
There was voluntary leave before Summer, and layoff last month. Does anyone know another layoff coming this month as well? They looks OK from external view, but are they struggling?? #asana
They don’t look OK from an external view. High burn rate with very little cash on hand. Am I missing something?
"Am I missing something?" -Billionaire founder providing cash as needed https://investorplace.com/2022/09/ceo-dustin-moskovitz-just-doubled-down-on-asana-asan-stock/ -High growth rate (51% yoy as of Sept)
The high growth rate is impressive. You’re also lucky you have a billionaire CEO who is willing to personally inject money into the org to keep the lights on. The burn rate is just wild.
No layoffs happened recently, only a small one earlier in the year affecting the talent acquisition teams. We have a decent amount of cash because of Dustin's new investment a few months ago.
HR HR HR
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001477720/a60d2c07-2f1f-47cc-93d1-9e7e70903288.pdf
I don’t know a single Enterprise that truly wants to renew their subscription with Asana. Many say that they want to find a way out as soon as possible.
Music to our ears. ;)
Tbh idk what the heck Smartsheet is either. We prefer Airtable.
The CEO is offering free YogAsana classes to all laid off employees
they had 9% layoffs today https://d18rn0p25nwr6d.cloudfront.net/CIK-0001477720/a60d2c07-2f1f-47cc-93d1-9e7e70903288.pdf
Damn….
Also on the LinkedIn https://www.linkedin.com/posts/dmoskov_we-have-made-the-very-tough-decision-to-reduce-activity-6998323096608727040-oKWO?
What was voluntary leave?
Since new hiring had been stopped, majority of TA guys got offered voluntary leave package
How did you predict this?
Can you share details about previous rounds? Couldn’t find anything online