Oh how I love this shit. Fire 20%, Stock up 18% pre-market already. Well done. Fire 100%, your wealth might skyrocket. Wealth trumps ethics, morals and employment.
I feel like people don't understand how similar these huge corporations are to seed stage startups, and I'm sure people would be fine with a seed stage startup doing layoffs at this point of time
Most of these companies have 1-2 areas generating 90%+ of the revenue. They are the rich VC giving unprofitable teams money to find PMF. When those teams can't find profitability faster in this environment, the VC rightfully stops the funding.
Some people will/have moved to the profitable teams, but you can't just double or triple their size and expect their income to grow accordingly
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Most of these companies have 1-2 areas generating 90%+ of the revenue. They are the rich VC giving unprofitable teams money to find PMF. When those teams can't find profitability faster in this environment, the VC rightfully stops the funding.
Some people will/have moved to the profitable teams, but you can't just double or triple their size and expect their income to grow accordingly
https://news.ycombinator.com/item?id=35813763