It clearly was if you look at forward trends. In his podcast mentioned revenue was going down by a fixed amount per month, meaning an increasing percentage per month, and they had crossed the line to six months of runway before layoffs.
With layoffs they can meet costs but that might be true if the revenue decline trend keeps going for 18 months or so.
It clearly was if you look at forward trends. In his podcast mentioned revenue was going down by a fixed amount per month, meaning an increasing percentage per month, and they had crossed the line to six months of runway before layoffs.
With layoffs they can meet costs but that might be true if the revenue decline trend keeps going for 18 months or so.