The CEO and founder of Twitch announced a week ago that he was leaving the company. It's admirable to see a captain going down with his ship. https://news.ycombinator.com/item?id=35184011
That's the opposite of going down with the ship.
Twitch.tv Lays of 400 Employees
61–70 of 240 posts
Re: Twitch.tv Lays of 400 Employees
#62> Like many companies, our business has been impacted by the current macroeconomic environment, and user and revenue growth has not kept pace with our expectations. In order to run our business sustainably, we’ve made the very difficult decision to shrink the size of our workforce. Let's just take a moment to admire this paragraph. > "our business has been impacted by the current macroeconomic environment" There's th…
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Re: Twitch.tv Lays of 400 Employees
#63> Like many companies, our business has been impacted by the current macroeconomic environment, and user and revenue growth has not kept pace with our expectations. In order to run our business sustainably, we’ve made the very difficult decision to shrink the size of our workforce. Let's just take a moment to admire this paragraph. > "our business has been impacted by the current macroeconomic environment" There's th…
Well, a company doesn't exist to just be profitable. But to maximize profits (mostly).
So it's certainly possible that cutting costs - even when profitable - can increase short-term and long-term profitability.
Re: Twitch.tv Lays of 400 Employees
#64> Like many companies, our business has been impacted by the current macroeconomic environment, and user and revenue growth has not kept pace with our expectations. In order to run our business sustainably, we’ve made the very difficult decision to shrink the size of our workforce. Let's just take a moment to admire this paragraph. > "our business has been impacted by the current macroeconomic environment" There's th…
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>I applaud twitch for providing more cash flow to all of us, via capital gains and/or dividends.
That's only the math if the layoffs have zero "impact" on the product.
Re: Twitch.tv Lays of 400 Employees
#65The CEO and founder of Twitch announced a week ago that he was leaving the company. It's admirable to see a captain going down with his ship. https://news.ycombinator.com/item?id=35184011
Or more like transferring ships while the ship goes down :)
Re: Twitch.tv Lays of 400 Employees
#66> Like many companies, our business has been impacted by the current macroeconomic environment, and user and revenue growth has not kept pace with our expectations. In order to run our business sustainably, we’ve made the very difficult decision to shrink the size of our workforce. Let's just take a moment to admire this paragraph. > "our business has been impacted by the current macroeconomic environment" There's th…
You would also be angry if they wrote "we fired our 400 worst employees because we decided they're not worth their salaries" which also happens to be exactly true.
Up there with anti-whiteboard-interview screeds, the critique-the-tone-of-a-layoff-post comment is a mainstay of the hacker news comment thread: as tiresome as it is uninteresting.
Re: Twitch.tv Lays of 400 Employees
#67> Like many companies, our business has been impacted by the current macroeconomic environment, and user and revenue growth has not kept pace with our expectations. In order to run our business sustainably, we’ve made the very difficult decision to shrink the size of our workforce. Let's just take a moment to admire this paragraph. > "our business has been impacted by the current macroeconomic environment" There's th…
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Re: Twitch.tv Lays of 400 Employees
#68> Like many companies, our business has been impacted by the current macroeconomic environment, and user and revenue growth has not kept pace with our expectations. In order to run our business sustainably, we’ve made the very difficult decision to shrink the size of our workforce. Let's just take a moment to admire this paragraph. > "our business has been impacted by the current macroeconomic environment" There's th…
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Lots of false equivalence here.
> What cash back do you get on your credit card? 2.625%? High yield savings account? Money market fund? 4.6%?
None of these actions by me directly result in the loss of livelihood or uprooting of lives of other people.
If you told me that by moving my money to a high yield savings account, it would result in my friends or family members losing their jobs, you bet your ass I wouldn't do it, "personal profit" be damned, and that isn't a hard decision to make in the slightest.
Twitch's leader are making a conscious decision: profits over people.
Re: Twitch.tv Lays of 400 Employees
#69> Like many companies, our business has been impacted by the current macroeconomic environment, and user and revenue growth has not kept pace with our expectations. In order to run our business sustainably, we’ve made the very difficult decision to shrink the size of our workforce. Let's just take a moment to admire this paragraph. > "our business has been impacted by the current macroeconomic environment" There's th…
Well, a company doesn't exist to just be profitable. But to maximize profits (mostly). So it's certainly possible that cutting costs - even when profitable - can increase short-term and long-term profitability.
So why didn't they do it a year ago? Or two years ago, or three? It would have increased profitability at that time, too. How did dozens of already-profitable companies all suddenly decide together to cut costs within 6 months of each other? I wish they would be more specific than the "macroeconomic environment" excuse.
I swear these CEOs are like soccer players running around the pitch, just waiting for Mister Macroeconomic Environment to run near them so they can dive, clutching their calves, crying "impacted! impacted!"
Re: Twitch.tv Lays of 400 Employees
#70> Like many companies, our business has been impacted by the current macroeconomic environment, and user and revenue growth has not kept pace with our expectations. In order to run our business sustainably, we’ve made the very difficult decision to shrink the size of our workforce. Let's just take a moment to admire this paragraph. > "our business has been impacted by the current macroeconomic environment" There's th…
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Bad take, moving to a new fund to maximise profits doesn’t cost anyone a job, neither does moving to a higher cashback credit card.