4 ms·

Well, let's use the SNAP example which has been quoted above. They went public earlier this year. With burgeoning balance sheet they have to fire people: http

• adjkant 9y ago
  To be fair, 18 / 2000 is very small and hardly a dent - the layoffs came because they are decreasing the rate of recruiting, which is still notable but is not laying off engineers (yet anyways). If Uber wanted to make IPO and were pressed for money, a slowing of hiring would not be enough.