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Re:Robinhood lays off 23% of staff by jupp0r on Wednesday August 03, 2022 @02:17AM (#32328242)
GP was stating that 50% of tech workers at big companies are redundant. Armed with that knowledge he should be in a stellar position to found a company that is very profitable compared to its competitors who incur double the labor costs. This incredible competitive advantage will enable him to become the next Google eventually.

Sounds plausible? No? I wonder where the error is.

Re:Robinhood lays off 23% of staff by reshlo on Wednesday August 03, 2022 @07:50AM (#32330444)
Having a better understanding of who the essential employees are is necessary, but not sufficient, to run a more profitable company than the current market leaders.
Re:Robinhood lays off 23% of staff by jupp0r on Wednesday August 03, 2022 @10:41AM (#32332404)
I get your point, but don’t you think that if it was really so easy, somebody would have done this already? There are other factors like key people leaving if half their colleagues get laid off.

The claim itself is so extraordinary because it defies all economics.