Re:Gitlab to lay off 7% of staff
by hbn on Thursday February 09, 2023 @10:10AM
(#34725112)
> Most of them over hired like crazy during the pandemic bubble. I wouldn’t say they were stupid but collectively most of them made a massive mistake.
It wasn't a massive mistake if the rapid growth grew their stock enough that paying a few hundred/thousand extra employees for a year or 2 was worth the cost.
Re:Gitlab to lay off 7% of staff
by todd3834 on Thursday February 09, 2023 @10:15AM
(#34725199)
I’d agree with you if any of them that did this had a stable or positive stock price. Looking at tech stocks and it’s hard to find an example where I feel the hiring was a good thing.
It wasn't a massive mistake if the rapid growth grew their stock enough that paying a few hundred/thousand extra employees for a year or 2 was worth the cost.