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Some of this smells purely nihilistic. The market rewarded layoffs with higher stock prices, incentivizing more layoffs.
by coffeefirst 7mo ago
Some of this smells purely nihilistic. The market rewarded layoffs with higher stock prices, incentivizing more layoffs.
- dd8601fn 7mo agoIt sure didn't reward Atlassian. If anything it accelerated the long, downward slide.
- stefan_ 7mo agoAtlassian hasn't made money in 10 years. Of course they can't ride on the latest stock slop meme, that company is such an unmitigated disaster it beats even their terrible software. And now they keep spamming me with that Rovo garbage, god I hope they go down among all of this.
- HDThoreaun 7mo agoI dont think zuck cares especially much about the stock price. He's certainly not beholden to any shareholders. He's doing this because he genuinely thinks it will help the company to trim the fat.