CEO defends decision in difficult tech market
To date, the distributed DB vendor has raised $105 million in VC and seed funding, most recently with a $50 million Series C round led by private equity investor Kleiner Perkins in 2021., PlanetScale said it was laying off jobs, primarily in sales and marketing, and sunsetting the Hobby plan, its free-tier database service which is set to end on April 8.
One user asked if it was the most callous layoff notices ever. “I understand the pricing change but the layoff messaging is tone deaf,” said another.:"I remember when @Railway had to wind down their freebies and did it with such tremendous care, understanding and thoughtfulness. And prices that still made sense for that group. I guess that's why they're posting job openings and you're slipping in one line about layoffs.
“Twitter's not a real place: playing up to the mob and what they want to see versus what we're actually doing,” he said.Lambert told us the company’s audited financial results were recognised by Deloitte and the leadership made the decision to become profitable by making some cuts.