2,5 Milliarden US-Dollar schweres Technologieunternehmen aus der Bay Area entlässt rund 185 Mitarbeiter, um den „Shareholder Value“ zu steigern (Five9)

Company that’s never turned a profit needs to layoff workers.

>Five9 was founded in 2001, and hasn’t once turned a yearly profit. According to a February filing, the company lost a combined $229.5 million in 2021, 2022 and 2023. The filing also said Five9 had grown by more than 1,000 workers since 2020, and it said head count would continue to expand.

“Company that can’t profit hires more people, has lay-offs” – anyone working for them should see this coming, because it’s probably going to end up shutting down at this rate.