159 employees are leaving Automattic as CEO's fight with WP Engine escalates [TechCrunch]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: TechCrunch
to those who disagreed with his direction of WordPress and his handling of tussle with web hosting provider WP Engine In a blog post , Mullenweg said the package offered $30,000 or six months of salary, whichever is higher, but the employees who took it would not be eligible to be re-hired by Automattic. Nearly 80% of people who took the offer worked in the company's Ecosystem / WordPress division, and the rest were in Automattic's Cosmos businesses, consisting of apps like Pocket Casts, Day One, Tumblr and Cloudup. Mullenweg, who co-created WordPress and is arguably the face of the open-source project , tried to put a positive spin on the announcement, writing that the company “decided to design the most generous buy-out package possible, we called it an Alignment Offer.” “HR added some extra details to sweeten the deal; we wanted to make it as enticing as possible,” he wrote, and later on added: “159 people took the offer, 8.4% of the company, the other 91.6% gave up $126M o
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- 10/1/24 - Form 144
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