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Won't that the the place to join? - The parts where they hire is where they see the business going, which might be more stable than a random corner in a corpora
by johannes1234321 4y ago
Won't that the the place to join? - The parts where they hire is where they see the business going, which might be more stable than a random corner in a corporation, which didn't the rif, yet.
- lumost 4y agoMaybe, but if it’s a series D or less that means that most of the growth potential/capital has been spent. The company will be focused on profitability which in some cases may never occur at the level required to justify the previous valuation. VC firms don’t want to disclose losses, so they’ll happily keep the company private and barely profitable indefinitely. Mega caps struggle to understand what matters and what doesn’t - the track record for mega caps is that once they start layoffs, they don’t really stop until the company is irrelevant. See IBM.
- twelve40 4y agoIronically, unlike getting decimated Google and Facebook-style, IBM's stock went up in the past year and they seem to be doing ok (hundred plus years into it). Some parts of IBM are still very relevant, many others are depressing, but it's more like a whole country of different people than a "company" that I can comprehend. Also, curious that their headcount went down from mind-boggling 466k in 2011 to 282k, talk about downsizing (quietly fired 200 thousand people?)
- johannes1234321 4y ago> Also, curious that their headcount went down from mind-boggling 466k in 2011 to 282k, talk about downsizing (quietly fired 200 thousand people?) IBM spun off quite a few businesses, like more parts from Lenovo and what is now Kyndryl.