[looneysquash]

It's not clear to me from that post how they will be spending the money they'll save by firing 60% of our R&D team.

Could someone explain it?

If you have a lot of new stuff to build, and if you're not currently losing money, why start a new initiative with a layoff?

[Miner49er]

Yeah doesn't make sense.

My guess is they are doing this to prep for an acquisition. Probably by an AI company or Datadog or similar.

[nunez]

That's exactly what's happening here.

[Miner49er]

Yeah, didn't see til after I commented, but this CEO ran this same playbook with New Relic. Layoffs and then sold the company 2 months later.

I think Staples is a guy you bring in to sell the company, not run the company.

[semiquaver]

Tokens, I’d wager.