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Remember the rule of thumb: if a company is laying off 5-10% of staff it's business as usual. If it's 20% the company is in real trouble.
by jmyeet 4y ago
Remember the rule of thumb: if a company is laying off 5-10% of staff it's business as usual. If it's 20% the company is in real trouble.
- yellow_lead 4y ago11% 5 months ago -> 89% 89% * .83 = 73.87 So a ~27% reduction since then. Wow (Math may be wrong*)
- galkk 4y agoMath should be right, came here to write same. https://www.wolframalpha.com/input?i=%28100-11%25%29-17%25 https://www.wolframalpha.com/input?i=%28100-11%25%29-17%25
- yellow_lead 4y agoNice, Wolfram handles that well
- deleted 4y ago[deleted]
- jyu 4y agowhat if it's 20%+ cumulative layoffs within 1 year? what if they doubled in size the previous year when fed rates were much lower (Meta, Amazon)?
- mytailorisrich 4y agoIf you double the size of the team one year then lay off 20+% the following year it means you have a management problem, IMHO, which is also a red flag.
- smileysteve 4y agoBut you're twilio, you acquired 2 other companies (sendgrid, segment) with the Fed 0%< and 20% of employees are the hr, finance, and canned feature growth.
- aeyes 4y agoThey are burning over $1B per quarter (before stock based comp) and it's accelerating. If they want to turn that around by reducing staff this won't be the last round.
- baby-yoda 4y agoWhere are you seeing this number? Latest 10-Q I see a burn of about a billion through 3 quarters in 2022 from Operating Activities. There were also a ton of insider sales by the C suite last year. Not getting a warm and fuzzy feeling about this company all things considered.
- aeyes 4y agoTrue, my mistake! I was looking at 9 months ended but somehow thought it was just the last quarter.
- baby-yoda 4y agoNo worries - I was just thinking since they have about 4 billion in cash that would have given them a very short runway to turn things around. Now I'm very curious to see how the numbers look come Wednesday.
- thiago_fm 4y agoBased on the company earnings, they are definitely going bankrupt if they don't change something... they are burning money for over a decade.