Most software companies sit below the fold, but engineering teams stay protected while other functions shrink. Replit has $300M revenue with just 11 go-to-market staff but a much larger engineering team, showing where companies invest when margins matter.
To go to Rory's point, I think there's some folks that are above the fold and there's, there's a few that like anthropic that are so far above the fold we need to figure out how to scroll above the top of the monitor. But I think more below the fold, more are seen hits. And I actually think product and engineering is, is an island of stability today. No one is the idea that maybe you see teams with fewer engineers. But when I walk into leaders, you know, I was at replit the other day at 300 million in revenue. 300 people. It's, it's, there's like 11 people and go to market. It's probably like the old days. Atlassian. Right. But a lot of engineers like they're not shrinking the S of their engineering team. But everything else looks pretty lean. Look, we're
product and engineering and software teams is a significant part of our business. Right. 40%. It's a big part of our business. Service in general is a big part of our business. So your argument about Zendesk Service collection is a very large business. It's our largest at scale business growing very fast, faster than the overall company and that is it. Service management. HR Service management is like our fastest functional area. Right. Going inside there. Financial service management, just general employee service management. We just shipped a customer service offering in October. So like we're wading into those waters. This is crazy, right? This doesn't make any sense. No, the business is growing really, really well. Right. We have to provide that software layer that makes that cheaper. There's no doubt about that. Right. Like that's, that's our job to do. I think the generalized view that customers are going away in these times, like certainly for some businesses. Yes, you can say that. Like some software businesses. The industry wide phenomenon, which I think is what Rory was asking, doesn't make any logical sense to me. Right. And again, we're either an example of the whole industry or we are somehow unique.
