this post was submitted on 07 Jun 2023
283 points (100.0% liked)
Technology
37725 readers
45 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is also very true. Tech sector has been doing layoffs and admittingly these ones are pretty tiny in comparison to some other places, which is another factor why I think there will be more. And burning cash is quite true, which is part of why their investors are probably pushing hard for them to be ready for an IPO.