Re:Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement
by Aloha on Thursday September 07, 2023 @04:35PM
(#37425198)
The market doesnt reward to, effectively.
The real thing is to treat a product as a sustaining engineer product, so minor new features, catering to the users you already have rather than trying to chase growth, etc.
Re:Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement
by johnnyanmac on Saturday September 09, 2023 @07:33AM
(#37444195)
publicly traded companies don't want steady profits. They want infinite growth, and growth requires investment in R&D. Hence the huge hiring sprees over the pandemic.
But prospects point towards a recession, the boons of the pandemic are over, and interest rates aren't dirt low anymore. Which is why companies are indeed shifting down to "maintenance mode".
If I got a business to a few million in recurring revenue it would be very tempting to slice expenses down to just maintenance mode, take a huge salary while riding it into the dirt for a few years and then retire.