Knowing little about the company, it's almost certainly completely untrue to state the "the company was highly profitable"; you don't hire 160 people in an OSS-

Knowing little about the company, it's almost certainly completely untrue to state the "the company was highly profitable"; you don't hire 160 people in an OSS-centric business and also turn a profit. You likely have a distorted understanding of the challenging nature of the burn rate in a changing macro environment.