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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 lot of new stuff to build, and if you're not currently losing money, why start a new initiative with a layoff?



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.


That's exactly what's happening here.


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.


Tokens, I’d wager.




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