Company
Date Published
Author
Geoff Schmidt
Word count
878
Language
English
Hacker News points
None

Summary

Apollo, a company that provides supergraph technology for app developers, has announced that it is reducing its team size by approximately 15% due to economic conditions and rapid growth. The decision was made after the company grew headcount 2.5x in about a year but failed to become 2.5x more productive. The reduction will allow the company to refocus on what matters most: giving users and customers what they want, as efficiently as possible, while protecting its independence and serving its open source community. To support departing colleagues, Apollo is providing severance pay, health benefits, equity, immigration support, career support, equipment, and more. The company will hold a company-wide meeting to discuss the changes and answer questions from employees. Despite this difficult decision, Apollo remains confident in its team's resilience and looks forward to continuing to help users do great things in 2023.