In 2020 we released dbt Cloud, our commercial offering of dbt. We were a 20-person company that had somehow closed multiple Fortune 500 customers and had over 1,000 companies using our open source product. By the start of 2021, we had grown to roughly 50 team members and were supporting more than 600 customers. Over the following years, we hired another 390 team members as we struggled to keep up with the demand for dbt. We moderated our hiring pace, but still grew the team quickly as the market continued to pull product out of us at an aggressive rate. Our business is growing quickly, and acts as a steward to both dbt and the dbt Community. In this time of economic uncertainty, my priority is to ensure that we are able to continue to pursue our mission regardless of the external environment. As a company, we will support your transition in every way we are able. To that end, everyone affected is eligible for a comprehensive separation package, including: We are offering our 12-week severance package to everyone affected. We’re covering COBRA payments for 3 months. We removed any equity vesting cliffs. We extended the exercise periods of everyone affected to 1 year. In order to support everyone affected with job searches, they will be eligible to keep their laptops to keep and will be supporting them through introductions and referrals.