Re:Building for the Future
by oytis on Thursday May 07, 2026 @05:48PM
(#48055570)
It went down on poor earnings call. Layoffs were probably an attempt to soften the blow. Hard to tell what was the effect, because the two happened simultaneously
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Re:Building for the Future
by mountainriver on Friday May 08, 2026 @12:00AM
(#48058391)
This is the simplest and almost certainly correct answer.
I’ve seen this at a number of public companies, and is a reason I hate working for them. These decisions are always unbelievably short sighted and ruin companies in the long term.
Re:Building for the Future
by yellow_lead on Friday May 08, 2026 @12:57AM
(#48058742)
What was bad about the earnings? Every metric I am seeing is beating expectations. Genuinely curious