The four people I know from yesterday’s
bl—d bath were long-term, high-level performers, all in design. Great people, well liked, excellent performers.
I imagine it was a cost-cutting measure? Pitiful. Never forget that Frank and the other stuffed have no interest in creating attractive, streamlined products. Their only interest is growing per-transaction charges - nothing attractive survives, everything faster, cheaper, and smaller (like Frank) is status quo.
How do you know high-level according to their specific role?
Design was on the chopping block because of the new Clover CEO’s opinion about what design should be (and he obviously has Frank’s blessing). When asked to cut 10% or however much, design was an easy one to let go since VB doesn’t see it as important.
Same cr-p has been happening for years with FB. I saw solid, hard working, super smart people who could solve problems get walked out the door.
Individual contributors
IC?