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A comment on Tech layoffs keep stacking up. Parent comment

Re:Tech layoffs keep stacking up by sharadov on Friday July 01, 2022 @05:31PM (#31953244)
Making the statement that companies are laying off "underperforming" employees is a gross assumption - I got laid off with 25% of the workforce at a pre-ipo company that raised 550 million USD. Most large layoffs are happening at pre-ipo companies which raised a ton of money in 2020/2021 and were hoping to go public.

Unfortunately the tables turned since Feb 2022, investors want them to tighten belts and reduce cash burn.

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Re:Tech layoffs keep stacking up by marto1 on Saturday July 02, 2022 @01:31AM (#31956533)
> tighten belts and reduce cash burn

and on a macro level what's the point in reducing cash burn in a high inflation environment ? Driving even more inflation ?

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Re:Tech layoffs keep stacking up by imtringued on Saturday July 02, 2022 @09:34AM (#31958850)
Reducing cash burn means spending less money which lowers inflation.
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