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A comment on Snap is laying off about 100 engineers. Parent comment
1. CEO is a shithead who doesn’t know what to do, so hiring is a futile attempt to do everything at once
2. Huge number of employees looks better when coming up with valuation for a round.
The two tend to be self reinforcing. And #1 survives and blossoms after IPO.
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1. CEO is a shithead who doesn’t know what to do, so hiring is a futile attempt to do everything at once
2. Huge number of employees looks better when coming up with valuation for a round.
The two tend to be self reinforcing. And #1 survives and blossoms after IPO.