this post was submitted on 07 Jun 2023
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Technology
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Ahh here it comes. Expect more - IPO layoffs (from personal experience) are definitely a thing
May I ask what the whole "IPO" thing is?
Initial Public Offer. Basically, the company going public on the stock market. They tend to try and look "shiny" before going public to make them attractive to buyers who want to make money from investing into the company.
In my experience (from working a place that has done this) they will do some waves of layoffs and make some operational budget cuts, as well as sometimes freeze some capex spending so the books look juicier. This includes things that may cause long-term harm, for short ish (under a year) gain.
Script is pretty similar with most companies that do this in tech, with predictable results.
The only thing I ask myself right now is: Do they get rid of porn subs before IPO or shortly after?
Probably restrict them more before IPO would be my guess
The real questions