Opendoor is cutting 35% of its employees

#1

Post by MLEnthusiast » Thu, Apr 16, 2020, 11:00 AM UTC

Opendoor is cutting 35% of its employees
techcrunch.com

Re: Opendoor is cutting 35% of its employees

#2

Post by tjomk » Thu, Apr 16, 2020, 11:28 AM UTC

I'm surprised this got to the front page with a few upvotes. These days it's either the news about the Corona virus or that one of the companies that SoftBank has invested in is announcing a layoff. These days every other company is announcing layoffs or salary cuts.

Re: Opendoor is cutting 35% of its employees

#3

Post by heyflyguy » Thu, Apr 16, 2020, 11:32 AM UTC

I feel like the amount of subliminal shitposting within an article is increasing as this goes on. What did that sentence about Florida have to do with anything? They are on a statewide lockdown.

Re: Opendoor is cutting 35% of its employees

#4

Post by syspec » Thu, Apr 16, 2020, 11:34 AM UTC

Tech crunch snarkiness at it's worst.

Re: Opendoor is cutting 35% of its employees

#5

Post by jacknews » Thu, Apr 16, 2020, 11:36 AM UTC

I keep seeing "SoftBank-backed ..." in TC headlines, but rarely other funds. Is it just fashionable to bash SoftBank?

Re: Opendoor is cutting 35% of its employees

#6

Post by Icathian » Thu, Apr 16, 2020, 11:39 AM UTC

jacknews wrote: post #5

I keep seeing "SoftBank-backed ..." in TC headlines, but rarely other funds. Is it just fashionable to bash SoftBank?

Yes it is. They backed a couple hilariously bad bets in a big, public way, and people like feeling smarter than rich strangers.

I would be curious, though, if there are other funds with similar scope and track records to Vision 1 that have just managed to skate under public scrutiny thus far.

Re: Opendoor is cutting 35% of its employees

#7

Post by agustif » Thu, Apr 16, 2020, 11:40 AM UTC

Everybody hates SoftBank nowadays, it's not even cool anymore, lol

Re: Opendoor is cutting 35% of its employees

#8

Post by Hendrikto » Thu, Apr 16, 2020, 11:48 AM UTC

heyflyguy wrote: post #3

I feel like the amount of subliminal shitposting within an article is increasing as this goes on. What did that sentence about Florida have to do with anything? They are on a statewide lockdown.

> They are on a statewide lockdown.

Apparently not. But I agree this remark is out of place.

Re: Opendoor is cutting 35% of its employees

#9

Post by swyx » Thu, Apr 16, 2020, 11:53 AM UTC

Icathian wrote: post #6

jacknews wrote: post #5

I keep seeing "SoftBank-backed ..." in TC headlines, but rarely other funds. Is it just fashionable to bash SoftBank?

Yes it is. They backed a couple hilariously bad bets in a big, public way, and people like feeling smarter than rich strangers. I would be curious, though, if there are other funds with similar scope and track records to Vision 1 that have just managed to skate under public scrutiny thus far.

TechCrunch is just reflects the zeitgeist. Softbank was a whale, mentioning them connects this story to the ongoing theme for readers.

Re: Opendoor is cutting 35% of its employees

#10

Post by throwaway55554 » Thu, Apr 16, 2020, 12:44 PM UTC

heyflyguy wrote: post #3

I feel like the amount of subliminal shitposting within an article is increasing as this goes on. What did that sentence about Florida have to do with anything? They are on a statewide lockdown.

We get a lot of grief down here in Florida, but what people don't get is that we are the way we are because the worst people from every other state retire here.