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> increasing in-person collaboration in our hubs, and concentrating the time zones in which we operate. > With our focus on financial software and high-quality
by frfl 3y ago
> increasing in-person collaboration in our hubs, and concentrating the time zones in which we operate.
> With our focus on financial software and high-quality growth, we grew gross profit by 75%+ last year. While we're proud of those accomplishments, we still have a way to go to ensure high-velocity growth and profitability for years to come
- e1g 3y ago> increasing in-person collaboration in our hubs, and concentrating the time zones in which we operate Massive turn-around since Brex declared themselves to be remote-first and said things like "Yes, employees can relocate permanently with Brex’s transition to remote-first" https://www.brex.com/journal/remote-first-at-brex https://www.brex.com/journal/remote-first-at-brex
- bagels 3y agoEmployees had leverage. Now they do not.
- gamblor956 3y agoIf true, this is a good sign for the future of the company, as it means that their revenue metrics are fine. The problem is that they are simply spending too much on activities not related to the business. For tech companies, that usually means spending too much money on "tech" that isn't actually relevant to the revenue-generating business, especially now that the section 174 changes have eliminated the preferential treatment of software R&D.