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Working on R&D for anticipated features. The number of employees that work purely on KTLO is going to be under half at least. The rest are justifying the large
by stu2b50 4y ago
Working on R&D for anticipated features. The number of employees that work purely on KTLO is going to be under half at least. The rest are justifying the large revenue multipliers tech stocks get - from their rather high growth rates, which are from expansion and moonshots that pan out.
Now that interest rates are high, the calculus for expansion projects is very different. You may very well be spending more money than you anticipated returning from your moonshots.
- x86x87 4y agothe twitter approach! let go of all people that are not needed for KTLO
- seizethecheese 4y agoThis is not borne out by the data. The data shows most layoffs are in recruiting, HR, product, design, data science. Yes, it’s cutting new projects but it’s also just trimming fat.
- hn_throwaway_99 4y agoI don't understand your comment. If you're cutting back on future features, not existing operations, you'd absolutely expect product and design to take a big hit, and then of course recruiting and HR because your employee counts are down and you're not hiring. Data science tends to span both (future product dev and analysis of existing functionality), and data science can be particularly tricky to assign a value to, so not surprised there are also significant cuts there.
- seizethecheese 4y agoWhat I left out is that engineering is mostly not being cut.
- jwagenet 4y agoKLTO: keep the lights on, in case anyone else was wondering.
- satvikpendem 4y agoThis was such an unnecessary term to initialize by the parent, when it had a pivotal meaning in the sentence. I was wondering what the hell. KLTO meant and thought it was the internal codename for TikTok or something.