Re:Shopify to lay off 10% of workers in broad shake-up
by acatton on Tuesday July 26, 2022 @11:30AM
(#32239700)
I believe that you're biased by HN, since a lot of the discussion here revolve around over-valued VC-money-roided-up startups burning millions of dollar per months.
If you're looking at big tech, telco, banks and finance, there are a lot of companies where headcount waste is offset by revenue. Many of which are even making profits. According to wikipedia, shopify had a net income of ~$3B for ~$5B of revenue in 2021.
If you're looking at big tech, telco, banks and finance, there are a lot of companies where headcount waste is offset by revenue. Many of which are even making profits. According to wikipedia, shopify had a net income of ~$3B for ~$5B of revenue in 2021.