alt Hacker NewsIt 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
Replies
mountainriver • today at 4:00 AM
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.
What was bad about the earnings? Every metric I am seeing is beating expectations. Genuinely curious