Re:Meta and Google are cutting staff
by lumost on Wednesday September 21, 2022 @02:13PM
(#32928984)
This. There are more than a few companies where their burn rate + valuation make it impossible to do anything except go full steam ahead. If you lose a billion dollars a year on 500 MM in revenue with 2 billion in the bank and cost of goods sold of 600 MM /yr what else can you do? Hopefully you'll continue growing and get to the point where cutting costs leaves a viable business.
[ Parent
| on HN ]
There are no comments on this comment yet.