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Could someone explain how does rising interest rates and the current economic environment result in a _nonprofit_ organization needing to layoff staff?
by frays 3y ago
Could someone explain how does rising interest rates and the current economic environment result in a _nonprofit_ organization needing to layoff staff?
- SubjectToChange 3y agoWhy would a nonprofit be immune from economic circumstances?
- satvikpendem 3y agoEvery organization has budgets, regardless of whether they're for-profit or non-profit.
- yencabulator 3y agoAnd this one wants to budget many, many, millions into executive compensation.
- tekla 3y agoDo non profits operate on no money suddenly?
- heisenbit 3y agoHigh interest rates means investments are more expensive. Investments aka. expenditures supporting nonprofits by fast growth profit seeking companies (most sensitive and a big factor in the tech eco-system) naturally decline.
- wkat4242 3y agoThe part that develops firefox is for profit. Mostly for Mitchell Baker's personal profit :) And i dont yet see that changing since she left