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Behind Tech Layoffs Lay Systemic Cash Flow Negative Companies
 

Behind Tech Layoffs Lay Systemic Cash Flow Negative Companies

An anonymous reader shares an analysis: Since the pandemic started, there's been approximately 61,260 tech layoffs. Close to 30% of the layoffs came from public tech companies, 85% of those companies are unprofitable. No deep insights here, just the simple fact that the once growth hyper focused startups grew to be publicly traded companies without ever sorting their unit economics, and now their mediocracy has real consequences on real people. This includes household names such as Uber, Lyft, C... read more

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