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Earnings fail, valuations go down and layoffs happen. This cycle of layoffs has been one of the most expected since I remember. And people in the software space
by BenGosub 4y ago
Earnings fail, valuations go down and layoffs happen. This cycle of layoffs has been one of the most expected since I remember. And people in the software space still have so many options. There could be an event that will lead to a situation that won't be as good as we have it right now and I am fully aware of this. But, I don't see a reason to view the layoffs through the lens of this author.
- cratermoon 4y ago> Earnings fail, valuations go down and layoffs happen And yet the investors and senior executives still get 7- to 8- figure compensation, pull down yet more money from stock buybacks, and generally benefit. The overall amount of money changing hands doesn't go down, but less of it goes to the line employees while more falls into the pockets of the ones with already overflowing pockets.
- BenGosub 4y agowell, during early stages of startups the investors lose money, while employees get wages. I agree that compensation in the finance space doesn't make sense, but that's a different problem.