Comment They cut 20% of their staff (Score 1) 19
There is a reason for that. And it is most likely that they are rapidly freeing up Capital so they can try their hand at AI bullshit along with everybody else.
You don't just cut 20% of your staff like it's nothing. Companies are firing employees left and right to free up capital. This is actually by design it's what high interest rates are designed to do.
If inflation was under control a lot of these layoffs wouldn't be happening because companies would just borrow at low interest rates.
You don't just cut 20% of your staff like it's nothing. Companies are firing employees left and right to free up capital. This is actually by design it's what high interest rates are designed to do.
If inflation was under control a lot of these layoffs wouldn't be happening because companies would just borrow at low interest rates.