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I also love when startups brag about headcount. You know what's impressive? Revenue, followed by profit, and also profit per employee. Having 500 people and no
by monero-xmr 3y ago
I also love when startups brag about headcount. You know what's impressive? Revenue, followed by profit, and also profit per employee. Having 500 people and no revenue leads to the graveyard.
- tadfisher 3y agoNo, it leads to layoffs, a statement about "optimizing operational costs", and a bump in valuation in today's weird market.
- lenerdenator 3y agoThe market isn't weird; it's working exactly as intended: Do whatever it takes to make the number at the bottom of the page bigger than what people predicted it would be at the start of the quarter. If that means screwing some people's career trajectories, do it. If it means parting out divisions of the company that had strategic value, do it. If it means allegedly murdering a whistleblower, do it.
- tsunamifury 3y agoThis is interesting because it doesn't mean that actually, it means if you want to make that choice the market will reward you now, and the market may not be focused on any one specific strategy. You can make other choices.