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this post was submitted on 24 Jul 2023
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They just want to downsize without looking bad to investors, lmao.
Downsizing is good for investors since it reduces costs making your quarterly results look sexier.
Downsizing can look scary to investors though, like the company isn't doing well.
Yes and no. They have to cut expenditures but make it look like it’s not because they’re not making enough profit.
A company with high profits good, but a company laying off employees to get high profits must be in trouble.
It’s a stupid dance between VC and CEOs.