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by merubin75
1660 days ago
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Everyone is focusing on HOW the news was delivered. To me, this is not relevant. What people should be focusing on is WHY. The company is set to go public via SPAC at a $6.9 billion valuation. It just got a $1.5 billion infusion of cash last week. Tell me again why the CEO and the executive team isn’t among the 900 people getting laid off? https://techcrunch.com/2021/12/01/better-com-lays-off-9-of-i... “On Nov. 30, TechCrunch reported that the company was getting a cash infusion from its backers sooner than expected. Blank-check company Aurora Acquisition Corp. and SoftBank decided to amend the terms of their financing agreement to provide Better with half of the $1.5 billion they committed immediately instead of waiting until the deal closes.” |
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Totally fair that to you it is not relevant. But that doesn't imply that people should be focusing on what you think is relevant instead of what they think is relevant.
The delivery of the message is super toxic from a labor relations POV and I think a lot of people care about that, as a lot of people sell labor to employers in order to survive.