[pcdevils]

When you announce 639m USD revenue for q1 Then lay off a thousand people because you love the smell of your ai farts.

[cortesoft]

Yes, their revenue was $639m but their expenses were $702m.

It doesn't matter how much revenue you have if you are spending more than that.

[_t2kx]

Expenses were more on purpose, they amortized a bunch of hardware depreciation now instead of over 5-7 years with the new tax changes. This is pure greed

[tick_tock_tick]

Are you trolling or just trying to avoid saying they didn't make any money and actually lost over $20 million?

[pcdevils]

Flippant sarcasm that they're pretending this wasn't a financial decision, and was entirely about being ready for the amazing productivity gains of ai they've already seen, expanding across the business.

[nine_k]

Revenue != profit.

[nlitened]

Thousand people cost 60m USD of quarterly _profit_ though (not even revenue)

[trollied]

That’s not how accounting works.