3 ms·
It's interesting seeing GoDaddy/Gitlab lay off so late in the game. Jeff Lawson (TWLO) who is a fantastic financial and product focused CEO did his prep work in
by neom 4y ago
It's interesting seeing GoDaddy/Gitlab lay off so late in the game. Jeff Lawson (TWLO) who is a fantastic financial and product focused CEO did his prep work in September last year with 11% of the company. I find it pretty hard to grok what your FP&A team must be like if you're a b2b supply chain business thinking about this stuff Q1 in global economic downturn.
- carpe171 4y agothis aged well
- moneywoes 4y agoAre infra companies the last to be affected typically?
- neom 4y agoYes, that said... depends how you define infra, I chatted with a marketing tool CEO last week who compare themselves to servers, so I've been thinking CEOs are out to lunch a bit these days. Your point is well taken, but again: this is the power of a strong FP&A team, a good CFO and thoughtful FP&A shouldn't be blaming macroeconomics at this point. I advise CEO's and I was flagging in August last year, I talk to bankers and read the news. Seems to me if you're at this point in Q1 or Q2, you were in denial about the reality of what 2023 would look like, doesn't matter when you'll be affected, the writing was on the wall Q2 last year. It's kinda sad for your staff to be in the "last to lay off" bucket.
- orange_joe 4y agoI don’t even understand what you’re saying. This fantastic CEO did prep work last year with 11% of his company? Do you mean that he laid off 11% last year?
- neom 4y agoLaying people off in harsh economic times is both bad for the employees laid off and bad for the shareholders.
- kypro 4y agoWhat do you mean Jeff Lawson is a fantastic financial focused CEO? His company has never turned a profit has it? I believe TWLO is one of the most unprofitable of large public tech companies.
- neom 4y agoYou sound like an amazon bear in 2004 - that's not how you measure the financial focus of a CEO. https://www.vox.com/2017/5/15/15610786/amazon-jeff-bezos-public-company-profit-revenue-explained-five-charts https://www.vox.com/2017/5/15/15610786/amazon-jeff-bezos-pub...
- kypro 4y agoJeff Lawson falls short even by your preferred metrics. https://www.macrotrends.net/stocks/charts/AMZN/amazon/cash-flow-from-operating-activities https://www.macrotrends.net/stocks/charts/AMZN/amazon/cash-f... https://www.macrotrends.net/stocks/charts/TWLO/twilio/cash-flow-from-operating-activities https://www.macrotrends.net/stocks/charts/TWLO/twilio/cash-f...
- noelsusman 4y agoWhat global economic downturn?