CEO of Automattic Matt Mullenweg has confirmed that Tumblr is failing. The corporate has spent nearly 100 million to avoid wasting Tumblr and obtain its incomes targets, however they’ve massively failed in its efforts.
Matt Mullenweg’s inner memo leaked on-line by somebody at Tumblr displayed his plans of shifting present Tumblr workers to different Automattic manufacturing providers. It’s like Tumblr just isn’t quitting on its workers however giving them an opportunity to shuffle in different productive groups.
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| Tumblr Failed no shutting down Automattic Matt Mullenweg: eAskme |
Matt Mullenweg has additionally confirmed that this leaked memo is real and explains what is going on in Tumblr.
Why has Tumblr failed?
Tumblr is a well-liked social community with hundreds of thousands of customers, but it has failed to achieve its earnings targets.
Automattic bought Tumblr from Verizon by paying greenback 3 million in 2019. Earlier than the Automattic Tumblr vassal to Verizon by Yahoo, Verizon had paid $1.1 billion for this.
Matt Mullenweg spent 100 million {dollars} to avoid wasting Tumblr and switch across the tables.
The end result just isn’t as anticipated.
What is going to occur to Tumblr workers?
Automattic has no plan to close down the Tumblr. However they’re shuffling 139 workers from the Tumblr merchandise facet and giving them an opportunity to affix different jobs at Automattic.
It additionally signifies that Tumblr workers from the belief and security or buyer help groups can be shuffled.
Matt Mullenweg has referenced three groups which are working for Tumblr by their names:
- Belief and security crew often known as T&S.
- Customer support crew often known as Happiness.
- Product facet crew often known as Bumblr.
What’s the way forward for Tumblr?
Automattic has no plan to close down Tumblr. The corporate is choices to cut back bills at Tumblr and shifting present workers to different productive groups.
With decreased workers, the corporate will have a look at methods to avoid wasting Tumblr.
We hope that we are able to nonetheless use Tumblr in 2024, and let’s have a look at what the upcoming modifications to the highest of issues and its future are.
Conclusion:
Tumblr has been a preferred social media platform for customers, bloggers, entrepreneurs, and so forth. However, it’s going through a tough time to earn for the corporate.
Despite the fact that Automattic has not deliberate to close down Tumblr, there are probabilities that you must begin in search of Tumblr Alternate options.
Do you employ Tumblr?
Right here is the leaked Tumblr memo.
Don’t overlook to share it together with your family and friends.
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