Yeah just keep laying off staff until they are, amirite?
Statements like this are always saved for when a corp justifies layoffs. The reality is that the American tax code is made to encourage corps to spend all the money you make (in which case corps don’t pay tax at all). VCs and big tech leverage their positions to massively increase power whether the individual company has savings or not
I mean, yea? Income less operating expenses is profit, so if you can lower operating costs, without compromising the service, your bar to profitability is by definition lower. This is why it is called “right sizing”.
Fta:
“I want to be clear that we still have more than enough resources,” said Clancy. "We are still a reasonably sized organisation. We’re still going to be able to service your needs. We’re still going to be able to improve the product.
Did anyone expect them to be profitable?
Yeah just keep laying off staff until they are, amirite?
Statements like this are always saved for when a corp justifies layoffs. The reality is that the American tax code is made to encourage corps to spend all the money you make (in which case corps don’t pay tax at all). VCs and big tech leverage their positions to massively increase power whether the individual company has savings or not
I mean, yea? Income less operating expenses is profit, so if you can lower operating costs, without compromising the service, your bar to profitability is by definition lower. This is why it is called “right sizing”.
Fta: