Jump to content
Sign in to follow this  
Admin

[Slashdot] - Behind Tech Layoffs Lay Systemic Cash Flow Negative Companies

Recommended Posts

An anonymous reader shares an analysis: Since the pandemic started, there's been approximately 61,260 tech layoffs. Close to 30% of the layoffs came from public tech companies, 85% of those companies are unprofitable. No deep insights here, just the simple fact that the once growth hyper focused startups grew to be publicly traded companies without ever sorting their unit economics, and now their mediocracy has real consequences on real people. This includes household names such as Uber, Lyft, Casper, and Eventbrite which we've all used, and raises the question: why did we allow so many unprofitable companies IPO? When did losing money become acceptable and the new normal for publicly traded companies? Chamath Palihapitiya's "VC Ponzi Scheme" monologue comes to mind.

twitter_icon_large.png facebook_icon_large.png

Read more of this story at Slashdot.

E4Nz-LnY_-0

View the full article

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...

Important Information

By using The Great Escaped Online Community, you agree to our Privacy Policy and Terms of Use