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Posted by gustav at 05:01AM, Sunday, December 02nd, 2001

The Circa75 Index for February, 2002: DMOD

The Truth, the Whole Truth, and Nothing but the Truth

I was laid off from my job last month (DMOD, in Allston, Mass.), along with nine other people. I'm not allowed to give opinions about the company in public, but I am allowed to state facts.



So here are some facts.



Amount of bonus promised, upon closing of second round of funding, when I was hired, in September, 2000: $5,000



Raise I was promised, upon closing of second round of funding, when I was hired: "at least 10%"



Approximate date second round of venture capital funding was closed: January, 2001



Final tally of second round capital, versus expectations, as told to employees in company meeting: "even more than we anticipated."



Amount of raise I eventually received: $0



Amount of bonus I eventually received: $500



Approximate shortfall between compensation officers of dmod promised upon my accepting the offer of employment, and compensation I received, between November, 2000 and January, 2001: at least $11,500



The longest time I've gone without a raise since 1993, when I started working in the IT industry: 17 months



The dates of the above-mentioned 17 months: September, 2000 through January, 2002



Amount, in weeks, of severance given to all employees laid off in January, 2002: 2



Average amount, in weeks, of severance I've received in prior layoffs: 36



Approximate percentage of staff laid off during previous round of layoffs in March, 2001: 40%



Date remaining staff were promised there would be "no more layoffs" unless the company went out of business: March, 2001



Percentage of engineering team laid off in January, 2002: 50%



Percentage of those employees laid off in January, 2002 who were on the engineering team: 80%



Percentage of engineering team members kept on who had been working at dmod for at least a year: 50%



Percentage of engineering team members laid off who had been working at dmod for at least a year: 88%



Approximate percentage of remaining employees who are engineers: 25%



Company mission statement: "To be the leading provider of solutions and products for secure distribution of digital assets"



Number of places this mission statement is to be found on corporate website: 0



Number of actual customers who had bought and used dmod's solution as of January, 2002: 1



Shortfall between this number and number upper management anticipated: 4



Number of VPs of Engineering for the Fall of 2001 who spent most of the work-week at home using controlled substances: 1



Number of times above VP has been arrested for drug possession: at least one



Number of times above VP and his team failed to meet deadline to demo product to Apple Computer, Inc. in Cupertino, CA in Fall, 2001: at least three



Number of Computer Science degrees completed by above VP: 0



Number of above VPs who are still with the company: 1



Percentage of engineering team members, before layoffs, who had completed Computer Science degrees: less than 38%



Percentage of engineering team members, after layoffs, who hold Computer Science degrees: less than 38%



Maximum number of engineering team members, before layoffs, who had at least four years of prior industry experience: 5



Maximum number after layoffs: 3



Number of dmod employees as of November, 2001, other than me, who had substantial experience developing desktop applications, and working with them over entire product lifecycles, from planning to QA to revision: 0



Number of desktop applications with which I had above experience: 3



Number of subsequent managers I to whom I pointed this out: 5



Primary market for dmod's products: Macintosh OS



Number of dmod employees, other than me, as of November, 2001, who could explain difference between Mac OS X applications built with Carbon libraries and those built with Cocoa: 0



Number of lines of code for desktop applications I was allowed to write while at dmod: 0



Number of major tasks I was either told were impossible by more senior Java engineers at dmod, or that these engineers were unable to perform, which I subsequently did in less than a week each for personal projects: at least four



Number of major tasks I was told were impossible by more senior engineers at dmod, which subsequently went into production there: at least two



Number of days I've regretted no longer being part of dmod: 0


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