this post was submitted on 11 Jan 2024
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They're getting laid off because there IS NO PROFIT MARGIN.
That depends on the time frame considered. Short term loss is often used as an excuse to lay people off for long time gains.
EDIT: Purges like these also often target people they want to get rid off, but legally can not otherwise fire. Such as old people.
From my understanding their long term unprofitable. They were started by venture capital and they've operated on venture capital to capture the market.
That's a big part of how they were able to gain dominance of a market previously dominated by TeamSpeak, Mumble, and Ventrilo with a completely free offering.
They've basically been running in loans and now money isn't free anymore/interest rates mean something again.
Yes, but they also have a huge monopoly on communities that are hard to build up again on new platforms. Especially problematic is that many use it as forums, but all the information is not indexed on search engines, so you have no choice but to have an account and join a community to see what info is available. These communities are going to be held hostage and subjected to tons of anti-features going forward so the capitalists can get return on their investments.
I am not saying every business will give a positive ROI, I am saying many shitty things will be done to assure it. Even if ROI is positive, shitty choices will be made in an attempt to make it higher. That is a result of capitalism.