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.
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.
ReplyDeleteGervas
ReplyDeleteWe 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