81–90 of 240 posts
Earlier quoted context omitted.
Their source of revenue (i.e. advertisers) are often startups and DTC brands that were kept alive by VC money.
I have never seen an advertisement for a startup on Twitch.
Earlier quoted context omitted.
[flagged]
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…
By getting that shiny Chase sign up bonus, your are directly contributing to the firing of front line customer service workers.
You think higher returns are pulled magically from thin air? Like capital gains on VTI/VOO/SPY?
Earlier quoted context omitted.
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.
So what does that make a meta post twice over?
> 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…
Because we’ve set up the incentive structures to make growth the most important thing. Shares increase when you grow - the revenue barely matters to the people in control
> 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…
I think the companies have employees to try to make more money. When things are going really well in the economy it's easy for employees to create/capture lots of value, so the companies hire lots of employees to do that. But when the economy slows down a bit, suddenly it's a lot more difficult for employees to create value, so it doesn't make sense not to reduce the number of employees.
Eventually you simply can't keep increasing. In a panic to keep up the in short term, companies are cutting their lifelines. This is just leading to failure.
> 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…
Come on man, if you don't understand how a business can be showing signs of unhealthiness while still increasing revenue then don't post. That's such a trivial superficial analysis of reality.
I'm not going to pretend to know or understand enough about Twitch's business to agree or disagree with whether they need layoffs. But a shallow comment of "revenue go up" is lowbrow nonsense.
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