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> We have made the tough but necessary decision to reduce our team by approximately 15% and say goodbye to around 1,300 hardworking, talented colleagues. By "n
by josephcsible 4y ago
> We have made the tough but necessary decision to reduce our team by approximately 15% and say goodbye to around 1,300 hardworking, talented colleagues.
By "necessary", do they mean "we'd go out of business if we didn't do this" or "we'd still be profitable if we didn't do this, just not as profitable as we want to be"?
- gtirloni 4y agoThis comment should be pinned to the top. It's the only reason for all these tech layoffs: owners/shareholders don't want their profit margin to drop during a self-inflicted crisis and someone must pay.