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A comment on Bolt announces layoffs. Parent comment

Re:Bolt announces layoffs by colinmhayes on Wednesday May 25, 2022 @06:17PM (#31511411)
I mean the established big tech companies are sitting on mountains of cash. I suspect they’ll start ramping up buybacks even more aggressively due to what they see as undervalued equity.
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Re:Bolt announces layoffs by datavirtue on Wednesday May 25, 2022 @09:26PM (#31513141)
Yep, blowing the cash on stock buybacks. And then layoffs when the cash gets uncomfortably low.
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Re:Bolt announces layoffs by ethbr0 on Wednesday May 25, 2022 @09:45PM (#31513275)
The cash won't get "uncomfortably low" for profitable money printing machines (e.g. Apple) for quite a long time.

They just won't have quite as obscenely large of a dragon-esque hoard to sleep on.

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