3 ms·
When you announce 639m USD revenue for q1 Then lay off a thousand people because you love the smell of your ai farts.
by pcdevils 5mo ago
When you announce 639m USD revenue for q1
Then lay off a thousand people because you love the smell of your ai farts.
- nine_k 5mo agoRevenue != profit.
- nlitened 5mo agoThousand people cost 60m USD of quarterly _profit_ though (not even revenue)
- trollied 5mo agoThat’s not how accounting works.
- tick_tock_tick 5mo agoAre you trolling or just trying to avoid saying they didn't make any money and actually lost over $20 million?
- pcdevils 5mo agoFlippant sarcasm that they're pretending this wasn't a financial decision, and was entirely about being ready for the amazing productivity gains of ai they've already seen, expanding across the business.
- cortesoft 5mo agoYes, their revenue was $639m but their expenses were $702m. It doesn't matter how much revenue you have if you are spending more than that.
- _t2kx 5mo agoExpenses were more on purpose, they amortized a bunch of hardware depreciation now instead of over 5-7 years with the new tax changes. This is pure greed