this post was submitted on 12 May 2026
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

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GitLab announces AI layoffs, stock goes down 9% (pivot-to-ai.com)
submitted 1 day ago by dgerard@awful.systems to c/techtakes@awful.systems
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seize the day!

https://www.youtube.com/watch?v=8yk_M88Wc8U&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260512-gitlab-announces-ai-layoffs-stock-goes-down-9 - podcast

time: 4 min 53 sec

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[–] V0ldek@awful.systems 5 points 15 hours ago (1 children)

Their cash flow suggests they were heavily leveraged on crypto

Wait what, GitLab was doing crypto? The fuck is going on in those people's heads

[–] fiat_lux@lemmy.zip 3 points 14 hours ago

Total speculation on my part. They could have blasted that cash on orgies for all I know.