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Twitch "isn't profitable" admits CEO, in wake of recent layoffs
(www.eurogamer.net)
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this post was submitted on 12 Jan 2024
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Technology
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I know the guy is peddling bullshit to justify the layoffs, but 50 years from now, really? Publicly traded companies / stakeholders rarely care about 5 years from now...
My guess is he's using that statement to sidestep criticism of layoffs. I mean, is it wrong to take the long view? No. Does that mean they had to lay off people and put them in a precarious situation? Maybe, maybe not. But the explanation that sounds palatable.