Re:Gitlab to lay off 7% of staff
by jayd16 on Thursday February 09, 2023 @10:19AM
(#34725292)
Layoffs are about projected profits not past profits.
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So the plane has been flying over valleys at record altitude and we see a couple of mountains ahead that we will easily clear. Despite being absolutely no where near crashing, let's throw a couple of crew overboard so that we can continue to climb to new heights and keep the hype engines of our overvaluation going?
There was one time that Kodak made record profits and now they exist in name only.
"Past performance is not indicative of future results"
Re:Gitlab to lay off 7% of staff
by Apocryphon on Thursday February 09, 2023 @12:17PM
(#34727388)
These pat responses still elude whether future results are contingent upon drastic action. You simply cannot justify all actions by claiming past success is irrelevant.
You can't say it's all that matters either.