I read it. Smoke an mirrors. For one thing I know how those benefits work and the “cash value” they’ll pay the employees is usually way less than what the company is actually paying. Also you hide it all behind a bunch of paperwork so most employees won’t bother.
Also looked them up. They’ve got 4 products, none of which I’ve heard of, all of which compete in crowded spaces, they’re regularly losing fights with other companies, and 6 years ago they focused on their “core” product dumping the rest. And they only had 34 employees to start with.
It’s a failing company. They lose people.
Actually not a terrible product, listcicle-type stuff, but they are obviously positioning themselves to merge or be bought by someone who would then enable their somewhat lacking enterprise services. Maybe Ceridian (Dayforce) or Salesforce (Slack).
I can’t speak to the longterm viability of Basecamp as a company. Frankly, I have no idea whether they’re failing or not. I do know there are plenty of companies their size that do just fine. I’m not privy to their books nor have I had any dealings with the company whatsoever. I have, however heard of them and am aware of some teams that use their core product.
I do, however, note that they offered a 6 month severance package to any employee who had a problem with the policy and the ones who left took them up on it.
You seem to be emotionally invested in designating this company as a failure, which is fine with me. I don’t really have an interest either way except to say that I very much appreciated the tone and tenor of their announcement. I thought it was a breath of fresh air and something that needs to be done by more businesses, both inside the tech industry and out.
I don’t find it outside the realm of believability that 1/3 of the people working there decided to virtue signal by leaving. Hell, I even read a blog post by one of the ‘aggrieved’ and she was precisely the kind of toxic person that needs to be cut from any professional environment like the cancer that she is. Therefore, I find it difficult to slap a label of ‘failure’ on this company or even one that says ‘success’ for that matter. I just chalk it up to being merely an indication of the times in which we live.
Failure or no, moving forward without the employees concentrating on critical race theory instead of their work can only be an improvement from the status quo.
> It’s a failing company. They lose people.
Not necessarily. I know a number of software companies that are privately held and don’t feel a need to “scale” because they want to live their lives like they want to live their lives. Sometimes that means saying “not interested”, and once you’re at a certain income level, why go through the hassle of trying to get mega rich?