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A comment on Gitlab to lay off 7% of staff. Parent comment

Re:Gitlab to lay off 7% of staff by vondur on Thursday February 09, 2023 @11:43AM (#34726770)
Once the accounts get to it, it will be shown to have lost money. (I'm referring how movie studios will get financially creative to portray popular movies "losing" money in order not to pay royalties to actors/writers"
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Re:Gitlab to lay off 7% of staff by willcipriano on Thursday February 09, 2023 @11:52AM (#34726936)
https://en.m.wikipedia.org/wiki/Hollywood_accounting

They brought some of the accountants from Hollywood to the bay area and now all equity not owned by the founders or investors mysteriously becomes worthless right before a liquidation event.

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