sirsquid@lemmy.ml to Linux Gaming@lemmy.ml · 9 months agoEpic Games sheds 830 people due to 'spending way more money than we earn'www.gamingonlinux.comexternal-linkmessage-square39fedilinkarrow-up1156arrow-down15
arrow-up1151arrow-down1external-linkEpic Games sheds 830 people due to 'spending way more money than we earn'www.gamingonlinux.comsirsquid@lemmy.ml to Linux Gaming@lemmy.ml · 9 months agomessage-square39fedilink
minus-squarehalcyoncmdr@lemmy.worldlinkfedilinkEnglisharrow-up3·9 months agoTrue, but the timing is extremely suspect. They could have laid them off at any time in the past weeks or months. It may be a coincidence, but when it comes to corporations and their bottom line, there are rarely coincidences.
minus-squareampersandrew@kbin.sociallinkfedilinkarrow-up1·9 months agoThe non-coincidence is that we’re at the end of September, the end of a fiscal quarter and historically the worst month of the year for stocks.
True, but the timing is extremely suspect. They could have laid them off at any time in the past weeks or months.
It may be a coincidence, but when it comes to corporations and their bottom line, there are rarely coincidences.
The non-coincidence is that we’re at the end of September, the end of a fiscal quarter and historically the worst month of the year for stocks.