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It's not clear to me from that post how they will be spending the money they'll save by firing 60% of our R&D team. Could someone explain it? If you have a lo

It's not clear to me from that post how they will be spending the money they'll save by firing 60% of our R&D team. Could someone explain it? If you have a lot of new stuff to build, and if you're not currently losing money, why start a new initiative with a layoff?

semiquaver 4mo ago
Tokens, I’d wager.
Miner49er 4mo ago
Yeah doesn't make sense. My guess is they are doing this to prep for an acquisition. Probably by an AI company or Datadog or similar.
- nunez 4mo ago
  That's exactly what's happening here.
  - Miner49er 4mo ago
    Yeah, didn't see til after I commented, but this CEO ran this same playbook with New Relic. Layoffs and then sold the company 2 months later. I think Staples is a guy you bring in to sell the company, not run the company.