"Extreme Transparency" social media company Buffer has made 10 Layoffs, and here's why, in detail

Tough News: We've Made 10 Layoffs. How We Got Here, the Financial Details and How We're Moving Forward - Open

The last 3 weeks have been challenging and emotional for everyone at Buffer. We made the hard decision to lay off 10 team members, 11% of the team. I'd like to share the full details of how we got here, and the way we have chosen to handle this situation to put Buffer in a healthier position.

buffer.com

Interestingly... Their team retreat was going to cost them $400k (just a little less than the $585k cost of keeping the 10 employees on staff)...

Makes you wonder what else they could have saved on in order to keep those people... what if everyone in the company took a slight pay cut?