Comment on Discord is laying off 17 percent of employees
sunbeam60@lemmy.one 10 months agoI wouldn’t confuse ownership structure with capitalism. You could have capitalism and coops only.
Comment on Discord is laying off 17 percent of employees
sunbeam60@lemmy.one 10 months agoI wouldn’t confuse ownership structure with capitalism. You could have capitalism and coops only.
Urist@lemmy.ml 10 months ago
Uhm, they are getting laid off to increase profit margin, or at the very least so that the CEO can say so at the next shareholder meeting. Do not confuse a workplace with ownership, that is capitalism.
Dark_Arc@social.packetloss.gg 10 months ago
They’re getting laid off because there IS NO PROFIT MARGIN.
Urist@lemmy.ml 10 months ago
That depends on the time frame considered. Short term loss is often used as an excuse to lay people off for long time gains.
Dark_Arc@social.packetloss.gg 10 months ago
From my understanding their long term unprofitable. They were started by venture capital and they’ve operated on venture capital to capture the market.
That’s a big part of how they were able to gain dominance of a market previously dominated by TeamSpeak, Mumble, and Ventrilo with a completely free offering.
They’ve basically been running in loans and now money isn’t free anymore/interest rates mean something again.