GitLab Made $10.5M in Revenue with Every Employee Working from Home

Re:GitLab Made $10.5M in Revenue with Every Employee Working... by chrisco255 on Tuesday November 13, 2018 @01:29PM (#18443381)

This would more or less destroy one of the main incentives that the company has to hire remote employees: that they are more affordable. If every employee is paid at a SF market rate, then there is little benefit (other than office space, which is a fraction of the cost of labor). Market differentials for pay are pretty standard in any company with multiple locations.

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Re:GitLab Made $10.5M in Revenue with Every Employee Working... by molteanu on Tuesday November 13, 2018 @01:44PM (#18443563)

That's not what the article says, or hints at:

> The biggest advantage to an all-remote team is obvious: Your hiring pool is gigantic, and you don't need to convince top talent to move for you.

So the impression is, we hire you not because you live far off in Romania, but because you're really talented and we need you. That's some nice marketing hype, of which this article has plenty. I get it though, those people making tons of money at the head of the company, marketing, PR and all that, are making those money for a reason. They know how to spin stories. It's their job. And it's a legit job.

So I agree with you, but I won't expect that to be the official line.

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Re:GitLab Made $10.5M in Revenue with Every Employee Working... by rad_gruchalski on Tuesday November 13, 2018 @03:23PM (#18444554)

No, the reason why the company is making the money is that the founders had a good, well executed idea for a product. They put their effort to go against the GitHub Behemoth. They have managed to put together a great team, the team building the product for which their customer pay the money.

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Re:GitLab Made $10.5M in Revenue with Every Employee Working... by clubm8 on Tuesday November 13, 2018 @02:36PM (#18444109)

Sounds like a side effect of an all remote workforce is that salaries regress towards the global mean.

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Re:GitLab Made $10.5M in Revenue with Every Employee Working... by jxcole on Tuesday November 13, 2018 @01:33PM (#18443431)

What if every employee were paid at the Austin rate?

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Re:GitLab Made $10.5M in Revenue with Every Employee Working... by keerthiko on Tuesday November 13, 2018 @01:36PM (#18443460)

Simple, you'd never be able to hire the talent from the cities with the highest concentration of the best talent.

(this is not to say there isn't amazing talent anywhere else, but not paying market rate for SF/NYC based engineers is an easy way to never be able to access the largest chunk of the best engineers in the country)

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Re:GitLab Made $10.5M in Revenue with Every Employee Working... by dylz on Tuesday November 13, 2018 @01:36PM (#18443466)

Then those in SF would be significantly below the poverty line?

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Re:GitLab Made $10.5M in Revenue with Every Employee Working... by TulliusCicero on Tuesday November 13, 2018 @01:37PM (#18443475)

Then people in SF or NYC would probably leave.

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