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I called this 3 weeks [1] ago and no one believed me. Were are going to see A LOT of this the next 3-4 months as large companies experience bad quarters. Thes
by ProAm 6y ago
I called this 3 weeks [1] ago and no one believed me. Were are going to see A LOT of this the next 3-4 months as large companies experience bad quarters. These are the companies that were setup and run well (i.e. not day to day, burning stacks of money with no revenue).
[1] https://news.ycombinator.com/item?id=22901720 https://news.ycombinator.com/item?id=22901720
- ThisIsTheWay 6y agoMANY people called this, especially after they announced salary reductions at the top over a month ago. [0] This is not at all a surprise or unexpected. https://www.inman.com/2020/03/30/airbnb-announces-drastic-cost-saving-measures-to-survive-slowdown/ https://www.inman.com/2020/03/30/airbnb-announces-drastic-co...
- random42 6y agoSuch an odd 'I told you so' comment in a thread about thousands losing their livelihood.
- deleted 6y ago[deleted]
- ProAm 6y agoI guess I was bitter because of the argument I got when originally discussing it on HN. I do feel validated. It sucks for these employees but everyone working for a VC fueled startup lives in this same boat. They had to know at any moment they might get tossed overboard, they were going to have layoffs prior to IPO as is. And AirBNB has caused plenty of strife in the communities they operate in over the years, impact is always relative to ones perspective.
- banads 6y agoNow is a terrible time to be gloating about such things.