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have someone lined up to buy them and removing duplicated jobs to make themselves more appealing?
by Shivetya 9y ago
have someone lined up to buy them and removing duplicated jobs to make themselves more appealing?
- greglindahl 9y agoNormally such layoffs are made when an acquisition closes.
- rhizome 9y agoThey're done in preparation as well, in order to juke the burn rate numbers by reducing overhead. Make no mistake, an acquisition would likely result in further cuts (acq is always bad for the little guy) if not a complete wind-down, but cutting staff historically does make a company more attractive to acquirers.