4 ms·
Sorry for my daftness, but what is the incentive behind intentionally losing a bunch of staff before 'exiting'? Just to reduce your cash burn?
by chundicus 6y ago
Sorry for my daftness, but what is the incentive behind intentionally losing a bunch of staff before 'exiting'? Just to reduce your cash burn?
- namenotrequired 6y agoMostly to get better profitability numbers to show to potential acquirers
- andrewingram 6y agoExactly. A small number of us were offered packages to incentivise us to stay (ironically we still left), but the vast majority weren't. Which led us to conclude that the plan was to just keep everything afloat long enough to sell.