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Any updates on revenue growth? Chance of layoffs in 2023? Any thoughts on how the next 2-3 years will pan out for the company? #rippling
my 2c - stay away from non public and non profitable companies right now
Absolutely correct
Fundamentals are solid. Growth is good and there are no layoffs on the horizon source: one friend is an engineer there and one is an angel investor in Rippling
I like Ripplings value proposition a lot and the way they are disrupting an old space is very interesting, good SaaS with high profit margin, I assume their revenues will continue to rise
Great fundamentals; beating sales records every month; very exciting new products launched recently starting to take off with global payroll and spend, and even more coming soon. You won’t get laid off unless you suck.
Are you a SWE/Management/PM?
@prevFoundr. Haha. Whoever you are, you’ve got quite an elevated perception of yourself. Talking down to people (RE: the completely unnecessary “unless you suck” comment) is why everyone you work with hates you.
-Solid revenue growth even in difficult market -Low chance of layoffs, much higher chance of performance based firing/pip -Next 2-3 years will be interesting, doubling revenue is much harder as you scale up but with the number of products there’s a good case. 50% chance IPO at current valuation, 40% chance below, 10% chance higher in my opinion.
This is a reasonable comment. I think you guys got last valuation at 100 ARR as report suggested at 200 multiple. I am assuming it might be less than double of that a year later - probably 70-80% due to market condition. Do you think if company grows at 70/80% for next 2-3 years, can it still IPO at 11.25 billion valuation ?
They’re masquerading “no layoffs” with firings at performance reviews
This is a half-truth. Layoffs would be we need less people, not more. And we need more people, especially eng. The performance based firings are what they are — get rid of bottom 20% and replace with new people who can actually perform vs people who can’t. This is not a layoff.
How high is the bar and how brutal are the performance reviews compared to FAANG companies?
That does assume perception of performance is actually merit based, which as shown internally and externally is not always valid at Rippling (or at any company for that matter). Some are valid poor performance, some driven by politics, and others just simply people not being on the same page and the boss always has the say in the fate of the employee.
Tell me how the PIP works. After EM/HR notifies you about your low performance, how long will it take for the termination to happen actually?
I see today too many fundamentals question posted 🤣