That startup math worked out fine until a few months ago. The common wisdom was tech companies can always fire personnel when they will want to become profitabl

That startup math worked out fine until a few months ago. The common wisdom was tech companies can always fire personnel when they will want to become profitable and until then increasing expense to get more market share is the thing to do. It's not completely baseless but obviously we now know too many companies rode this momentum and built businesses that might be unsustainable. We will see.