We all know that the financial and economic climate is tough. Both British and German commentators believe our respective countries are in recession, but this is a global issue across every market.
Like every other startup, WSO2 has to carefully ensure that we can weather the storm. Sanjiva and I take this very seriously. Together with the board and our finance team we put in a great deal of thought and consideration, and we came up with a plan to control expenses and make sure WSO2 was in a strong position for the future.
Sanjiva has blogged about this here and I think he explains it more clearly than I can.
I just want to say thank you to the whole WSO2 team. To the few people who are moving on I can only say - Thank you for all your hard work and efforts.
Friday, 14 November 2008
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2 comments:
There are some who think this new recession will help Open Source suppliers by forcing companies to question the vast amounts they spend on software licences and maintenance/update contracts.
Gervas
We also think that. By adjusting our team from 70 people down to 60 we are in a good position to have the cash flow and runway to take advantage of this trend.
Paul
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