Airplane, an internal tooling startup, was acquired by Airtable, who plans to shut down the product. Despite a healthy runway and happy customers, the acquisition was likely driven by the CEO's desire for a less stressful role rather than any fundamental problems with the company. Employees were given strong but not outstanding offers at Airtable with short deadlines and no severance if they declined. Ultimately, the outcome was disappointing to its employees, since the product was abandoned and strong customer relationships were damaged in the process.
Thursday, March 7, 2024