Udacity lays off 20% of workforce
TechCrunch
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)
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!
Makes sense. Do you know what would happen to vested stock options if they’re acquired by a private company?
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.
This smells like a tech cold winter is arriving with hot money running low!
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.
Udacity nanodegrees are nicely produced, but far far too expensive for a credential that’s not really recognized by anyone.
Getting ready to IPO?
I'm a little lost. Why do you think this layoff (or maybe layoffs in general) precedes an IPO?
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