alt Hacker NewsOf course it's a lie. Cloudflare is saying, essentially: "AI is making us so profitable that we've decided to reduce our profit by 20%, to keep it reasonable."
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jbverschoor • yesterday at 11:29 PM
They’ve been pumping out products like crazy
They don’t need them. Simple as that
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throwaway2037 • today at 5:56 AM
I 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.
GalaxyNova • today at 4:58 AM
by laying people off they increase their profit, at least in the short term (which is all that shareholders care about)
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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.