this post was submitted on 02 Feb 2024
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Alternative headline: Company in death throes tries anything to survive including cutting off own head
What do you expect? Didn't their CEO say work from home is shit, people don't get things done that way, and they all need to be in the office?
This is exactly what I expected. Lay offs and return to work policies are smoke and mirrors for managers trying to steady a sinking ship.
Funny for a company that relies on it's customers working from home.
So the company whose product helped facilitate remote work stock has returned to its pre-pandemic price? Not that surprising. Hardly on its last legs.
Yes the markets love stagnation. I bet the investors who bought during the pandemic are thrilled!
Lay offs must be the start of the journey, right?