Post by account_disabled on Jan 8, 2024 21:47:14 GMT -7
And work email. This was not an easy decision and one that the leadership team and I have been wrestling with over the past few weeks. We went through a range of options but unfortunately none gave us the flexibility, focus and stability we needed to continue to achieve our ambitions. the steps we have chosen are necessary to ensure a healthy move forward. I'm assuming this question is why it's top of mind so I'd like to address it. There are three main reasons why this action is needed: We scaled our teams too aggressively across commercial functions. We ended up with functional redundancies across departments. The current macroeconomic conditions forced us to refocus, making us a stronger, more focused team. The overall rapid growth in scale also created operational challenges which in turn resulted in our inability to be consistent in our execution. I hope none of this is news to you as you read this and that you have seen these inefficiencies no matter what role you are in.
That being said I take full responsibility. I must do better as your CEO and I will. To the departing team members first and foremost thank you for photo editing servies everything you have done to help get to this point. While it is with great sadness that we have to part ways I am confident that each of you will excel in your future endeavors and your next team will be lucky to have you on board. Please know that today's decision in no way reflects the great work you do. You will always be a valued member of our team and a dear friend of the company. To help you transition we offer a range of benefits to ensure you continue to be supported and compensated as you look for your next opportunity. This includes severance pay. All departing team members will receive one month's additional salary for each year of service plus any accrued expenses. Health Benefits Health benefits for U.S. employees will continue through February. International contractors without government-sponsored health insurance will receive additional dollars in severance pay.
Equity Vesting We will waive the equity cliff for team members who have been with us for more than a month but less than a year. Job Search Support For all those interested we will do our best to connect you with various recruitment groups within our investor community. Equipment retains all equipment issued to you during your employment. I know some of you strongly identify with the work you do. It's important to remember, however, that your success at your company isn't just due to your expertise in databases and the products you help create. Like all of us there was a time when you were unfamiliar with these topics. Rather your success is the result of your emotional intelligence, your strong organizational and interpersonal skills, your commitment to your personal and professional values, and your authenticity. These are valuable transferable skills that will serve you well in future jobs. A message to remaining team members Saying goodbye to team members we work closely with is difficult so it's understandable to take the time to support our departing colleagues. I will be later today.
That being said I take full responsibility. I must do better as your CEO and I will. To the departing team members first and foremost thank you for photo editing servies everything you have done to help get to this point. While it is with great sadness that we have to part ways I am confident that each of you will excel in your future endeavors and your next team will be lucky to have you on board. Please know that today's decision in no way reflects the great work you do. You will always be a valued member of our team and a dear friend of the company. To help you transition we offer a range of benefits to ensure you continue to be supported and compensated as you look for your next opportunity. This includes severance pay. All departing team members will receive one month's additional salary for each year of service plus any accrued expenses. Health Benefits Health benefits for U.S. employees will continue through February. International contractors without government-sponsored health insurance will receive additional dollars in severance pay.
Equity Vesting We will waive the equity cliff for team members who have been with us for more than a month but less than a year. Job Search Support For all those interested we will do our best to connect you with various recruitment groups within our investor community. Equipment retains all equipment issued to you during your employment. I know some of you strongly identify with the work you do. It's important to remember, however, that your success at your company isn't just due to your expertise in databases and the products you help create. Like all of us there was a time when you were unfamiliar with these topics. Rather your success is the result of your emotional intelligence, your strong organizational and interpersonal skills, your commitment to your personal and professional values, and your authenticity. These are valuable transferable skills that will serve you well in future jobs. A message to remaining team members Saying goodbye to team members we work closely with is difficult so it's understandable to take the time to support our departing colleagues. I will be later today.