Enlarge / "You'll never be bored again" is one of the more fitting slogans attached to Tumblr. (credit: Getty Images)

Tumblr will lose a majority of its product-minded staff by the end of this year, according to the CEO of the company that owns it. But despite a recently leaked memo quoting Tennyson's "better to have loved and lost" line, the CEO believes they are "setting up Tumblr for success in this next chapter."

Internet statesman and Waxy.org proprietor Andy Baio posted early Thursday what was, at the time, "apparently an internal Automattic memo making the rounds on Tumblr" to Threads. The memo, written to employees at WordPress.com parent company Automattic, which bought Tumblr from Verizon's media arm in 2019, is titled or subtitled "You win or you learn." The posted memo states that a majority of the 139 employees working on product and marketing at Tumblr (in a team apparently named "Bumblr") will "switch to other divisions." Those working in "Happiness" (Automattic's customer support and service division) and "T&S" (trust and safety) would remain.

"We are at the point where after 600+ person-years of effort put into Tumblr since the acquisition in 2019, we have not gotten the expected results from our effort, which was to have revenue and usage above its previous peaks," the posted memo reads. After quotes and anecdotes about love, loss, mountain climbing, and learning on the journey, the memo notes that nobody will be let go and that team members can make a ranked list of their top three preferred assignments elsewhere inside Automattic.