[HN Gopher] Brex Layoffs
___________________________________________________________________
Brex Layoffs
Author : bpc84
Score : 97 points
Date : 2024-01-23 18:08 UTC (4 hours ago)
(HTM) web link (www.brex.com)
(TXT) w3m dump (www.brex.com)
| Ancalagon wrote:
| Kind of saw that coming. The salaries at Brex were insane.
| H8crilA wrote:
| Higher than FAANG? Or whatever is the acronym today.
| Ancalagon wrote:
| At some point (not sure if this is still the case) you could
| choose between all salary or a mix of salary and options. The
| total comp in either case was ~450k for a senior dev. So we
| are talking Netflix-level salaries for a startup.
| onlyrealcuzzo wrote:
| Higher than MSFT for sure - but not Netflix or Google:
| https://www.levels.fyi/companies/brex/salaries/software-
| engi...
| fuddle wrote:
| $263.42K for an entry level position, wow.
| onlyrealcuzzo wrote:
| If you look, entry level is >10% more than the next
| level, so it's probably off - but likely about $200k or
| more.
|
| Pretty great for a Non-FAANG company.
| goalonetwo wrote:
| FAANG is not the top of the market at all anymore. Google
| pays middle market unless you have a competing offer.
| myth_drannon wrote:
| To be fair, everyone is laying off. Whatever paid peanuts or
| millions. Hopefully, the devs who got the bigger piece of the
| cake stashed some under the mattress.
| Ancalagon wrote:
| 20% after an 11% layoff is high even during current times imo
| dpflan wrote:
| Cash salary or made up stock options valuations?
| ashconnor wrote:
| Brexit?
| GiorgioG wrote:
| > To continue capturing the massive opportunity ahead, we're
| hyper-focused on building a high-velocity product and growth
| machine.
|
| I mean, who wouldn't want to work for this guy?
| wiremine wrote:
| Came here to say the same thing. The lack of plain English is
| funny if it wasn't such a sad situation. I also know it's
| nothing new or unique.
| masto wrote:
| He's clearly operating at all levels.
|
| As an aside, it's funny (not ha-ha funny) watching these things
| sweep through in waves; they're basically fashion. For a while,
| we needed to "put the structure in place to be able to scale"
| and it was all about adding more levels of hierarchy. Now we're
| flattening the org chart and managers are expected to do
| everyone's job at once. Today everyone needs to own the product
| vision. Tomorrow you need to focus on execution and stop
| stepping on product management's toes. Be more hands-on. Now
| stop micromanaging. We're Agile. We can't keep changing the
| plan. Promote from within; the best leaders start in the
| trenches. We need professionals with outside perspective, so
| we're filling that role with some guy from Oracle.
| hmsp wrote:
| "high velocity"
| kolanos wrote:
| Terminal Velocity
| cowthulhu wrote:
| Interesting that the CFO and CTO also got the boot, but the
| positions weren't eliminated. Is this a power grab? Or am I
| misreading?
| Jemaclus wrote:
| It's not clear to me how you would have a company of this size
| without a CTO or CFO. I'm interested in why your expectation is
| that the roles themselves would be eliminated, versus bringing
| in people who might perform better?
| hiatus wrote:
| FTA: > We're flattening our org structure and reducing layers
| of management. Our goal is for leaders to operate closer to
| the metal, less siloed and more functionally, focused on few
| cross-company priorities. These changes begin with the
| leadership team and cascade across the org:
| nkingsy wrote:
| COO and CTO
| gamblor956 wrote:
| The CFO position is generally mandated by law in most states,
| though it can be filled by another officer such as the CEO
| (i.e., it doesn't need to be its own position).
|
| However, it is generally considered a red flag for a large
| company to have these positions filled by the same individual
| (unless the company is a subsidiary of an even bigger company,
| in which case the CFO role in the subsidiary may be a pro forma
| position).
| hiatus wrote:
| > The CFO position is generally mandated by law in most
| states, though it can be filled by another officer such as
| the CEO (i.e., it doesn't need to be its own position).
|
| Only two states seem to mandate a CFO from
| https://www.harborcompliance.com/corporate-governance-by-
| sta...
| mooreds wrote:
| CTO position is not being backfilled. There will be a VP of
| engineering, not quite the same.
| Gabrys1 wrote:
| I like that they shared publicly the severance package (I missed
| that in a company before, the severance package was only
| available to the ones laid off, and you wouldn't even know if you
| got the same as your colleagues).
|
| And the package itself seems alright too (and sensible, for
| example: the laid off can keep their laptops. What would company
| do with almost 300 extra laptops?). Time of the lay off also not
| too bad (firing people in November/December is really uncool).
|
| All in all, not TOO bad from what I can see in the public post.
|
| Oh, and they also said how many people first, not how many
| percent, which suggest they think about their human resources as
| actual individuals.
| sokoloff wrote:
| I've been on both sides of the layoff discussions all too many
| times over the years. Even at the most disorganized or chaotic
| places, I've never seen the severance packages be anything
| other than a set formula.
|
| That formula might consider location, level, tenure, and other
| relevant factors, but I don't think I've ever seen a case where
| it was "I like Alice more than Bob, so Alice gets more..."
| mrsilencedogood wrote:
| The laptop thing is usually less about clawing back property
| and more about preventing the laptop, potentially with customer
| PII and source code and other stuff on it, ending up sold on
| ebay or left laying around as a personal device to be
| eventually lost at an airport 3 years later, and so on. They
| take them back, wipe them, then either resell them to a
| reseller or reissue them to other employees etc.
| toomuchtodo wrote:
| Indeed, the financial services firm I contribute at is
| required to remotely lock and wipe laptops when offboarding
| for compliance purposes, and that is somewhat consistent with
| the other FIs I've seen the inside of. How effective this is
| depends on an org's MDM story (people, process, controls).
| jupp0r wrote:
| If they are managed devices (which I hope they are at a
| fintech company), it should be trivial to remote wipe them
| before removing MDM from them to enable personal use/resale
| etc.
| nkohari wrote:
| As I understand it, it's a question of insurance. Either
| way, it's very common in larger companies to either reissue
| or physically destroy machines after an employee leaves.
| pwb25 wrote:
| how would you wipe them without an internet connection if I
| shut it off ?
| nunez wrote:
| the minute it goes online, it gets the kill signal
| ipaddr wrote:
| 8 weeks plus 2 weeks per year seems light. 4 weeks for every
| year sounds more fair. The interview process was over 8 weeks
| sokoloff wrote:
| Those equations intersect at 4 years of tenure. Brex was
| founded only 7 years ago, so most affected employees would
| presumably make out better with 8 + 2 * N than with 4 * N.
| ipaddr wrote:
| We are still including the 8 weeks. 8 + (4*n).
| JCharante wrote:
| > 8 weeks plus 2 weeks per year seems light. 4 weeks for
| every year sounds more fair. The interview process was over 8
| weeks
|
| Well that would be a short severance for everybody who was
| hired in the last year.
| elvis10ten wrote:
| > Time of the lay off also not too bad (firing people in
| November/December is really uncool).
|
| I don't understand this. Why is it uncool? And why is January
| better?
|
| I guess it doesn't let people enjoy their vacations. But on the
| flip side, isn't that a good thing? You can curb expenses on
| the vacation/holidays.
| what_ever wrote:
| You can enjoy those holidays with the family instead of being
| stressed and sad about losing the job. The holidays being
| Thanksgiving and Christmas.
| elvis10ten wrote:
| I see. I guess different strokes for different folks.
|
| For me, if my job or project is doomed, and my employer
| knows, I will rather they tell me immediately so I can
| start figuring out solutions ASAP.
|
| It doesn't matter if it's the holidays. The last thing I
| will want is to come back from a holiday in Portugal,
| spirits high, year plans made, but only to be told I am
| fired.
|
| But I can understand the other perspective.
| blowski wrote:
| There are effectively 2-3 dead weeks in which you're not paid
| but can't look for a new job. All you can do over Christmas
| and New Year is worry.
| AmericanChopper wrote:
| Nobody's hiring during that time of year.
| ralphc wrote:
| Looking at that list 6 months of COBRA is short, really short.
| In this job-search environment your COBRA is going to run out
| well before you could find your next job.
|
| When I was laid off from Oracle in 2012 I got 18 months of
| COBRA. That sounds must more reasonable.
| latchkey wrote:
| Previously:
|
| _Brex, valued at $12.3B earlier this year, lays off 11% of
| staff_ https://news.ycombinator.com/item?id=33167302 (October 11,
| 2022 -- 14 points, 1 comments)
| mrnobody_67 wrote:
| Company was burning $17m per month with less than $300m in
| revenue... while growing at a slower rate than ramp.com . simply
| unsustainable.
| eterm wrote:
| What am I not understanding about your comment, 300m is 25m per
| month, so that sounds very profitable?
| e1g wrote:
| They spend every cent of the revenue they made AND the extra
| $17m each month.
| kstrauser wrote:
| Ohhhh, I misunderstood that in the same way. $17 is the
| burn (i.e. the net loss), not the expenses.
| umeshunni wrote:
| Their spend is $42m per month
| chatmasta wrote:
| Is there some relevance in the comparison to ramp.com or were
| you just mentioning it as an example?
| dalyons wrote:
| its effectively their competitor
| chatmasta wrote:
| Oh right... for some reason I thought it was a crypto
| startup. Maybe that's another Ramp
| dalyons wrote:
| yeah, thats https://ramp.network/ . Also called Ramp. I
| made the same mistake previously.
| mise_en_place wrote:
| It's really disappointing to see the trajectory that Brex is on.
| I was extremely enthusiastic about their product, they had the
| best business banking/credit/expense tracking in the industry. I
| was a very happy customer, until they decided they would only
| chase SV startup unicorns as their customers, and terminated my
| account. Brex is very much a cautionary tale for other startups.
| yesimahuman wrote:
| They lied (or did not clearly inform their sales people) about
| their AWS credit promotion a few years ago which really annoyed
| me when they were trying to sell us. Went back to the safe
| embrace of SVB but I guess that didn't really play out well. As
| a startup I desperately want to see more credit card companies
| willing to offer cards to founders without ridiculous personal
| guarantees, so I hope they figure it out.
| mise_en_place wrote:
| I have used SVB in the past as well, for my first startup.
| They were solidly OK. This is still an area ripe for
| disruption IMO, old Brex filled the niche but for some reason
| we just can't do payments and banking correctly in the US.
| India has UPI for instance, and even foreigners can avail
| themselves of this facility.
| tedivm wrote:
| Solidly okay right up to their bank run.
| ensignavenger wrote:
| As an SVB customer, how bad was it? Did you have any delays
| or other issues accessing your money? Did service or perks
| change a lot after the takeover?
| yesimahuman wrote:
| They let us get our cash out within a few days IIRC, and we
| switched to a different bank (was right after we were
| acquired so kind of a different situation). I would say
| there's still a large gap in the market SVB filled but I am
| not using them for my new company yet so can't compare
| before/after.
| tennisflyi wrote:
| Aren't they all?
| gr1zzlybe4r wrote:
| I wonder what the revenue of their customers looks like. They
| have to have a ton of revenue from other startups that themselves
| are in tenuous financial positions.
|
| From the employee's perspective, it definitely sucks though. I
| went through a layoff this year and it took me a lot longer than
| I anticipated to get another job.
| frfl wrote:
| > increasing in-person collaboration in our hubs, and
| concentrating the time zones in which we operate.
|
| > With our focus on financial software and high-quality growth,
| we grew gross profit by 75%+ last year. While we're proud of
| those accomplishments, we still have a way to go to ensure high-
| velocity growth and profitability for years to come
| e1g wrote:
| > increasing in-person collaboration in our hubs, and
| concentrating the time zones in which we operate
|
| Massive turn-around since Brex declared themselves to be
| remote-first and said things like "Yes, employees can relocate
| permanently with Brex's transition to remote-first"
| https://www.brex.com/journal/remote-first-at-brex
| bagels wrote:
| Employees had leverage. Now they do not.
| gamblor956 wrote:
| If true, this is a good sign for the future of the company, as
| it means that their revenue metrics are fine.
|
| The problem is that they are simply spending too much on
| activities not related to the business. For tech companies,
| that usually means spending too much money on "tech" that isn't
| actually relevant to the revenue-generating business,
| especially now that the section 174 changes have eliminated the
| preferential treatment of software R&D.
| claudiulodro wrote:
| It seems like companies are really tightening the screws further
| this year. When I got into this industry I figured the good times
| would roll for about 10 years, and then it would be about time
| for another career change. "Make hay while the sun is shining",
| as they say. I'm right around that 10th year, and I think that
| prediction was accurate.
| soneca wrote:
| Do you think there is a career out there better than (I assume)
| software development?
|
| My view is that we are still in pretty good times. Maybe not
| great, but everyone who kept their jobs is still earning a big
| salary.
|
| And everything else other than software development is worse
| (specifically if you bundle things like ML into "software
| development").
|
| I am curious. What career would you change to?
| toomuchtodo wrote:
| Attorney. Build a system, work from anywhere, make your own
| schedule. Hard to outsource.
| atlasunshrugged wrote:
| Really? I would have assumed that attorney is one of those
| jobs that is going to be hugely disrupted by AI. Should
| people new to the field bother if they aren't going to be
| top X% (5? 10?)?
| cpursley wrote:
| There's way more to legal work than filling out forms.
| The AI is going to replace legal assistants, not the
| attorneys themselves.
| abc03 wrote:
| For people without the resources, yes. For people that
| have a problem and resources, no. They pay for the best
| and want to be sure it's watertight.
| esafak wrote:
| Just get into and through Harvard Law, easy peasy...
|
| The best programmers make good money too.
| toomuchtodo wrote:
| Quality is determined by a combination of network,
| reputation, and results, not your Alma mater. Search for
| a securities or criminal defense attorney, ask around,
| see if where they got their diploma plays into the
| referrals you get.
| gamblor956 wrote:
| Actual legal work, as opposed to legal-adjacent tasks,
| will be the last to be disrupted by AI, at least so long
| as AI means LLM. Law is simply too complicated to rely on
| something that doesn't have the ability to understand.
|
| Doc review staff will be effectively eliminated...but
| they're already being eliminated by non-AI technology, so
| AI will just be the last straw.
| kstrauser wrote:
| I watched a tech demo of an LLM writing code to make a
| neat little user interface. I would have thought that
| utterly impossible a couple years ago.
|
| I don't think this would be a good time to start a career
| drafting contracts.
| madmaxmcfly wrote:
| Here I am the one to bring up AI, ugh. I get a sense that,
| of all things, LLM's actually encroach on legal professions
| the most (aside from copywriters). But this is from an
| outside perspective. Any insights?
| toomuchtodo wrote:
| If blockchain didn't replace the law, neither is a
| hallucinating robot in the near term. Has to pass legal
| muster, not techbro bar. I say this as someone deeply
| involved in GRC in finance where a component of my work
| is working on improving LLM guardrails for knowledge
| management.
| dpflan wrote:
| What does build a system mean?
| toomuchtodo wrote:
| Focus on a niche, create a funnel, be very good at that
| niche, scale horizontally.
|
| EDIT: Picked attorney because you have to be licensed to
| practice law, creating a barrier to the equivalent of
| code bootcamps. My apologies if the model around the idea
| wasn't clear, I will do better!
| dpflan wrote:
| Why is this seemingly general rule so specific to law
| (being an attorney)?
| dpflan wrote:
| The license is the key, as a barrier to entry. Medicine
| is very high and takes a lot of time but pretty
| impenetrable. Law is cheaper for the time and money. What
| else would have this property?
| claudiulodro wrote:
| Self-employed tradesman pays as much on a per-hour basis as
| contract dev work and doesn't have to compete with a million
| people in developing countries willing to work for $20/hr.
| The project management parts from software development aren't
| too different either -- it's all tasks, coordinating
| stakeholders, etc.
|
| That's my angle, but there are plenty of other fields too:
| healthcare (nurses make as much as most SWEs and can live
| anywhere in the country), government, certain employee
| tradesmen (electrician, etc.), basically anything that
| requires some sort of license or training. Life is long,
| spending a couple years to get 10+ years of good returns is a
| wise investment.
|
| I've never been to the Bay Area, so what I'm about to say may
| not apply, but look in any middle-class neighborhood: maybe
| 5% of the people are in tech -- what is everyone else doing?
| The above is a sampling of careers that have provided people
| in my neighborhood a comfortable American Dream style of
| life.
| Deprecate9151 wrote:
| I want to call this out because I see this advice a lot
| (and it's also my backup plan).
|
| Trade work can be a fantastic way to earn a living, but it
| is HARD work. It will break your body if you do it for your
| whole life. There is a reason plenty of people jumped to
| office work the first chance they got.
|
| Don't go into the trades blind, take care of your body, or
| you'll be like my grandpa and need help uncurling your
| fingers if you fall asleep making a fist.
| bradfox2 wrote:
| You want a specialized trade. HV Electrician at a utility
| or something like that.
|
| An off the shelf commercial or residential trade sounds
| like a nightmare, especially in an area with bad weather
| part of the year.
|
| That said, if you can deal with employees of that type as
| a business owner, you can clean up.
| oldandboring wrote:
| > but look in any middle-class neighborhood: maybe 5% of
| the people are in tech -- what is everyone else doing?
|
| This comment is why I love HN. Once you sort through all
| the kiddos who don't know anything about anything, you get
| golden nuggets like this.
|
| In my middle (almost upper-middle) class neighborhood we
| have a bunch of doctors and psychologists, a bunch of
| lawyers, a few retired professionals, a couple professors
| and.... me in tech.
| AnotherGoodName wrote:
| >I've never been to the Bay Area, so what I'm about to say
| may not apply,
|
| This is honestly where it is hitting. When I moved to the
| bay area ~10years ago I asked myself 'why are they paying
| me usd500k to move here when I could just work from my home
| country for a fraction of that'.
|
| Meanwhile in my home country there's a tech boom. In fact
| my current big faang company is hiring there and closing
| jobs here.
|
| Can't say I'm surprised except that it took this long for
| the realization that you don't need to have your staff move
| to the bay area and thus you don't need to pay bay area
| wages.
| Yhippa wrote:
| This chain and this comment is one of the best things I've
| read on here in years. It reminded me that a lot of
| community colleges have workforce programs that I need to
| look into:
| https://www.nvcc.edu/academics/programs/index.html
| blastro wrote:
| Curious to the answers here, leaving a breadcrumb for later.
| yourstruly-br wrote:
| There was no lack of funding for Henrique's posh wedding ceremony
| in a paradise island in Brazil back in October though.
| https://www.metropoles.com/colunas/fabia-oliveira/video-veja...
| jchonphoenix wrote:
| 20% of the company
|
| Given how it sounds like Brex is doing, they're likely going to
| need to cut again. This isn't deep enough to really solve any
| systemic or structural problems. It will likely work though if
| the product vision and execution are on point and they just need
| more runway/less bloat.
| jamestimmins wrote:
| But do layoffs ever solve systemic or structural problems?
|
| They're typically about reducing burn. Whether management knows
| how to identify and fix core problems is a totally different
| question.
| JumpCrisscross wrote:
| > _But do layoffs ever solve systemic or structural
| problems?_
|
| Brex is a leveraged play on start-up fundraising. They're a
| fundamentally cyclical business.
| jchonphoenix wrote:
| I have seen them do so in the past. But they need to be very
| targeted similar to surgery. There's some tumor in the
| company and you need to identify what that is and remove all
| of it.
|
| I've seen it effectively done once.
| shmatt wrote:
| Oof to this link in the post
| https://www.brex.com/journal/operate-at-all-levels
|
| What a terrible culture, dunking on people management, calling it
| meaningless
|
| And no, I don't want the Director of AI to explain react
| component rendering to me, it sounds like they are grooming a
| generation of super-micromanaging executives. Maybe the CTO was
| kicked out after he failed to complete 3 back to back leetcode
| hards
| bsilvereagle wrote:
| > it sounds like they are grooming a generation of super-
| micromanaging executives
|
| My read from the linked example was the Director built a tool
| outside of the critical path that was a quality of life
| (performance) improvement. This is a prime example of code that
| leaders should be writing - the team isn't blocked by them,
| they can put it down at any time, they maintain familiarity
| with the tools and codebase (both the good and the bad), and if
| it lands then the team is uplifted.
| shmatt wrote:
| A leader should know how to influence his org within a 3
| minute conversation to do this. The fact he stopped his
| Director of AI work to do this means their org is broken - or
| worse they have no influence over it
| encoderer wrote:
| Disagree.
|
| this is a founder pushing back against having a leadership
| caste that can't actually do the work to drive the business
| forward themselves.
| nurettin wrote:
| This is not even cynicism, it's just grasping at straws.
| fossuser wrote:
| It depends - I mostly agree with that blog post.
|
| If a leader doesn't understand the underlying role (at least
| somewhat) - they can't reason about it. The best people
| managers I had were good at that skill and took it seriously,
| but also had a technical understanding of the role.
|
| I think it's relatively common for bad people to get hired to
| these management roles because the skill can be harder to
| evaluate than straight engineering. Hire enough of this kind of
| person and your company dies. It's also why managers get a bad
| reputation generally - good managers/team leads are excellent,
| bad ones are neutral at best.
| shmatt wrote:
| Can you imagine Ilya Sutskever being fired because his
| frontend code wasn't up to par
| helicalmix wrote:
| This is a silly example, because Ilya's umbrella isn't
| front-end code.
|
| To answer your question though, yes, if Ilya was Head of UX
| Engineering and his front-end code wasn't up to par, he
| should be fired.
| madmaxmcfly wrote:
| Where do you read that people management is meaningless? I only
| read that people management alone isn't the most productive way
| for anyone to operate
| justin66 wrote:
| Yeesh. That looks almost satirical.
| ilrwbwrkhv wrote:
| "Today we're restructuring Brex to become a high-velocity
| company"
|
| Lol. Wtf were you doing so long as a CEO?
|
| I never understood these dumb messages.
| geodel wrote:
| Leveraging synergies to provide accelerated experience in
| rapidly changing customer marketplace to become thoughtiest of
| all thought leaders...blah..blah..
| kissgyorgy wrote:
| It's insane how much bullshit is on their home page. Can someone
| explain what the hell are "smart spending" and "integrated
| cards"?
| sam0x17 wrote:
| I guess this is what happens 1.5 years later when you decide to
| kick all LLCs off from using your platform and they all go to use
| your competitors instead
| blast wrote:
| What happened there?
| sam0x17 wrote:
| https://news.ycombinator.com/item?id=31772847
|
| source: was one of the affected LLCs. Went to Mercury and
| never looked back!
| spandrew wrote:
| "Henrique and I are responsible for the decisions that led us
| here, and seeing so many talented folks go through this
| experience is never what you hope for as a founder."
|
| ~ Responsible but not accountable, got it.
| juunpp wrote:
| Just the right kind of leadership you want in an employer.
| Yhippa wrote:
| "As a result of this, nothing will change for Henrique and I."
| tschellenbach wrote:
| Likely not the last round. From their numbers, it seems pretty
| clear that they need to become profitable.
| vegancap wrote:
| Tone of this is just awful, reads like he's saying they've laid
| off a bunch of people who were slowing us down, and sort of ends
| it by saying how excited he is about the business now they've
| been let go...
| JCharante wrote:
| > Waiver of the one-year equity cliff for those who haven't
| reached theirs yet.
|
| That's nice, however I find it "unfair" that if you are offered X
| RSUs as part of your first year comp but they vest over 4 years
| then if you get laid off you lose them even if you already
| "worked" for them. My experience losing 40k worth of RSUs at my
| first job has certainly soured equity compensation in my eyes.
| Yhippa wrote:
| So strange putting this out in public. It's almost like it was
| entirely written to investors.
| yalogin wrote:
| How bad is the job market for tech folks now? Are companies
| hiring at all ?
| frfl wrote:
| My response will just be one data point, so take it with a
| grain of salt and do your own research.
|
| Job applications to interview rates are _way_ down, like 5% or
| less. Some job posts will likely feel like you sent your job
| application into a black hole and it will never be seen by
| anyone or get any response at all. I'd imagine use of "AI" job
| application screening services have greatly increased and HR
| departments are likely screening application even harder than
| before.
|
| Most jobs posted are senior/staff level only, rarely do you see
| a non-senior posting. But still you might see an non-senior job
| posted here and there.
|
| People I know did find jobs after layoffs in 2023, but rather
| than in weeks it was months and likely, but I'm not 100%
| certain, for lower pay (all people I know where in different
| countries, but working for US companies). Other companies have
| hiring freezes and some seem to (almost) not have hired at all
| in 2023.
|
| One trend I've noticed is job postings by US companies in South
| America (Brazil for eg.), Mexico, Eastern Europe, India are
| _way_ up. Interpret that as you will.
|
| Venture funds are likely scaling their investments into
| companies back, especially non-AI companies, so venture funded
| companies that were in growth month either tried their best to
| cut costs (no hiring, layoffs) and shift to profit/revenue mode
| or shut down. Publicly traded companies seem to have shifted to
| increasing their share prices using similar tactics.
|
| So, currently bleak, compared to pre-covid to 2021, but might
| be possible to still find something with a lot of persistence.
| Not an ideal situation for anyone looking currently, unless you
| have some special connections or are skilled in AI work etc.
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(page generated 2024-01-23 23:01 UTC)