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A comment on GitHub to Layoff 10%. Parent comment

Re:GitHub to Layoff 10% by bob1029 on Thursday February 09, 2023 @01:56PM (#34729208)
> Hence, they would not be beholden to shareholder pressures.

Private companies have shareholders & related interests/pressure as well.

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Re:GitHub to Layoff 10% by mrtranscendence on Thursday February 09, 2023 @02:40PM (#34730066)
True, but Gabe Newell owns over 50% of Valve so I'm guessing the pressure in this case is more limited.
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Re:GitHub to Layoff 10% by sahila on Thursday February 09, 2023 @04:25PM (#34731740)
Even that wouldn’t explain google and meta as the founders own over 50% of voting shares.
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