misosoup64@lemmy.worldtoSelfhosted@lemmy.world•Plex lays off 20% of its workforceEnglish
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1 year agoThe era of free money is over. You can easily get >4% returns just parking your money in fixed income, so investors want to see cash flow and the easiest way to boost margin is to cut your largest expense (aka headcount). AI is just a convenient excuse.
He made his own bad luck, should not have been in that position to begin with.