The financial mistakes behind why a startup laid off 400 employees overnight

Re:The financial mistakes behind why a startup laid off 400 ... by rayiner on Thursday August 09, 2018 @11:14PM (#17730425)

I don’t think you realize how cheap most of the US is. If you get 40 hours a week, that’s $2,100 per month. You can rent a 2BR in Des Moines for $700 per month; split that with a roommate and your rent is $350. That probably leaves about $1,300-1,400 which is totally doable for a single person. (I spent less than that after rent while I was in law school, and I went out all the time, etc.)

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Re:The financial mistakes behind why a startup laid off 400 ... by TylerE on Thursday August 09, 2018 @11:18PM (#17730453)

At some point an adult doesn't want a roommate.

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Re:The financial mistakes behind why a startup laid off 400 ... by jjeaff on Thursday August 09, 2018 @11:26PM (#17730481)

Usually the adult exchanges a roommate for a spouse, who also works to help pay the rent.

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Re:The financial mistakes behind why a startup laid off 400 ... by chii on Thursday August 09, 2018 @11:56PM (#17730575)

> Usually the adult exchanges a roommate for a spouse, who also works to help pay the rent.

and then, a child comes along.

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Re:The financial mistakes behind why a startup laid off 400 ... by rayiner on Friday August 10, 2018 @08:35AM (#17732686)

And you can have a kid in a 2BR and its not “poverty.”

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Re:The financial mistakes behind why a startup laid off 400 ... by epicureanideal on Thursday August 09, 2018 @11:47PM (#17730552)

Is that how it usually works? That's not what my wife says... oh.

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Re:The financial mistakes behind why a startup laid off 400 ... by perl4ever on Friday August 10, 2018 @12:09AM (#17730616)

When I got my first job after I got my CS degree in 2007, my rent was under $400 without a roommate and my base pay was about $18/hr. I thought that was pretty good, because it was a real hourly rate, with a significant bonus for overtime.

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Re:The financial mistakes behind why a startup laid off 400 ... by paxys on Friday August 10, 2018 @12:27AM (#17730673)

Well at some point an adult has to stop making entry level wages at a startup as well.

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Re:The financial mistakes behind why a startup laid off 400 ... by throwawayboye on Friday August 10, 2018 @12:39AM (#17730718)

Then you need to go to the ER and suddenly you owe $25,000. Oops.

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