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Comment by jmyeet | Hacker News Reader

Remember the rule of thumb: if a company is laying off 5-10% of staff it's business as usual. If it's 20% the company is in real trouble.

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11% 5 months ago -> 89%

89% * .83 = 73.87

So a ~27% reduction since then. Wow

(Math may be wrong*)

Math should be right, came here to write same.

https://www.wolframalpha.com/input?i=%28100-11%25%29-17%25

Nice, Wolfram handles that well

Based on the company earnings, they are definitely going bankrupt if they don't change something... they are burning money for over a decade.

They are burning over $1B per quarter (before stock based comp) and it's accelerating. If they want to turn that around by reducing staff this won't be the last round.

Where are you seeing this number? Latest 10-Q I see a burn of about a billion through 3 quarters in 2022 from Operating Activities.

There were also a ton of insider sales by the C suite last year. Not getting a warm and fuzzy feeling about this company all things considered.

True, my mistake! I was looking at 9 months ended but somehow thought it was just the last quarter.

No worries - I was just thinking since they have about 4 billion in cash that would have given them a very short runway to turn things around.

Now I'm very curious to see how the numbers look come Wednesday.

what if it's 20%+ cumulative layoffs within 1 year? what if they doubled in size the previous year when fed rates were much lower (Meta, Amazon)?

If you double the size of the team one year then lay off 20+% the following year it means you have a management problem, IMHO, which is also a red flag.

But you're twilio, you acquired 2 other companies (sendgrid, segment) with the Fed 0%< and 20% of employees are the hr, finance, and canned feature growth.

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