Friday, October 4, 2024

Matt Mullenweg says 159 Automattic employees, ~8.4% of staff, accepted a generous buyout package offered to those who disagreed with his direction of WordPress (Ivan Mehta/TechCrunch)

Ivan Mehta / TechCrunch:
Matt Mullenweg says 159 Automattic employees, ~8.4% of staff, accepted a generous buyout package offered to those who disagreed with his direction of WordPress  —  Automattic CEO Matt Mullenweg said on Thursday that 159 employees (roughly 8.4% of staff) accepted a severance package …



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Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shein to cut pre-IPO valuation from $66B to ~$30B (Financial Times)

Financial Times : Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shei...