But they’re not profitable? They make 450k per employee revenue, but lose 17k profit. Meanwhile they spend 470 million in stock based compensation for example, up 100 mil from year before, on 5k employees, which they’ve been increasing a lot every year.
replyThey’ve been pumping out products like crazy
replyThey don’t need them. Simple as that
someone has to maintain a he products
replyI am confused by this post. No trolling: You wrote "reduce". Did you mean to say/write "increase"? If you layoff people to reduce costs, then your profitability should increase.
replyby laying people off they increase their profit, at least in the short term (which is all that shareholders care about)
replyNot with the severance package they're offering, which is why their stock was down between 15-18% after announcing this
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