Re:Optimizely to be acquired by Episerver
by chundicus on Thursday September 03, 2020 @05:07PM
(#24368923)
Sorry for my daftness, but what is the incentive behind intentionally losing a bunch of staff before 'exiting'? Just to reduce your cash burn?
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Re:Optimizely to be acquired by Episerver
by namenotrequired on Thursday September 03, 2020 @06:02PM
(#24369381)
Mostly to get better profitability numbers to show to potential acquirers
Re:Optimizely to be acquired by Episerver
by andrewingram on Thursday September 03, 2020 @07:21PM
(#24369956)
Exactly. A small number of us were offered packages to incentivise us to stay (ironically we still left), but the vast majority weren't. Which led us to conclude that the plan was to just keep everything afloat long enough to sell.