Udacity lays off 20% of workforce

Evernote ji32k7au4
Apr 9 12 Comments

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TOP 12 Comments
  • Oscar 🐨koala
    This smells like a tech cold winter is arriving with hot money running low!
    Apr 10 0
  • New
    4 More Yrs

    New

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    Google
    4 More Yrsmore
    Kill the "IPO" talk!

    Companies like this are BEGGING to be acquired on the cheap. CEO brought in the dress up the shit and get it sold. Investors ready to cut their loses and move on!
    Apr 10 2
    • Facebook xyzxyzjn
      Makes sense. Do you know what would happen to vested stock options if they’re acquired by a private company?
      Apr 10
    • Oracle alwzangry
      They'll pay whatever the deal says. Usually only the founders and investors make money, if any. People forget this in the presence of FANG and think that everyone gets to make a killing.
      Apr 10
  • Cruise Automation sl1msh4dy
    This is counterintuitive, but Wall Street looks very favorably on layoffs because they view it as a cost saving measure and will improve the books, so to say. So its not out of the realm that its in anticipation of an IPO. (Also not saying it definitely is)
    Apr 10 2
    • Apple hakunanaMa
      Doesn’t work for tsla. They laid off 7%, stock is down 7% too 😂
      Apr 10
    • Roku DRI
      If you think you know better than Wall Street, you are being delusional.
      Apr 10
  • Uber Tổng
    Udacity nanodegrees are nicely produced, but far far too expensive for a credential that’s not really recognized by anyone.
    Apr 10 0
  • Oracle alwzangry
    IPOs rushing and many trying to get serious to survive past the hype cycle. Uber dropped valuation by 20+ % in two weeks. It's all getting back to normal.
    Apr 10 0
  • Facebook xyzxyzjn
    Getting ready to IPO?
    Apr 10 2
    • Amazon dndn3j2b
      I'm a little lost. Why do you think this layoff (or maybe layoffs in general) precedes an IPO?
      Apr 10
    • Amazon dndn3j2b
      They didnt specify whether layoffs were in mostly sales or engineering either, so it could have been both which builds on this idea of a pivot, but still doesnt make sense to IPO on a layoff
      Apr 10