News for hackers. Stuff that matters.
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
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
Re:Building for the Future by matwood on Friday May 08, 2026 @03:55AM (#48060034)
Most likely poor forward guidance.