Today I’m sharing some of the most difficult news in Moondicks history. We have made the incredibly tough decision to reduce our workforce by 100%. Since we are a team of one, this means I am laying myself off, effective immediately.
I want to take full responsibility for the decisions that led us here.
How we got here
During the peak of the recent market cycle, we saw unprecedented demand for Moondicks. We leaned into this growth, aggressively investing in top-tier infrastructure, artificial intelligence, and premium user rewards. Unfortunately, the macroeconomic environment has shifted dramatically, and our revenue growth has not kept pace with our operational burn rate.
The Financial Reality
Revenue breakdown:
- 1 $BIRB donation from MetaverseMan ($0.08)
- 1 $BIRB donation from Spida ($0.08)
Total Revenue: $0.16
Expense breakdown:
- Purchase of domain name ($25.00)
- Cost of AI plan ($100.00)
- Purchase of Moonbird Mythic for giveaway ($153.00)
Total Expenses: $278.00
As you can see, our operating margin is currently -173,650%. This is an unsustainable trajectory for a modern tech startup.
Severance and Support
I will be providing myself with 0 weeks of severance pay, no healthcare continuation, and I will be keeping my company laptop since it’s mine.
What's Next for Moondicks
While the company will now operate with 0 employees, Moondicks is bigger than any one person. We are hoping a community member will step up and take over the CEO position.
Suggested Potential CEOs:
To the Former CEO (me): thank you for everything you’ve done.
- The Board of Directors