Ugh...

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[–] 7 points 7 months ago

Nah, acquisition layoffs come from when you're shopping your company around, and there's a deal on the table, but you need that extra 7% of profit. Sweeney would need to be shopping for that to happen. As it sits, they'd probably have to pay him a premium in their own stock to make it happen.

The entire tech and games sectors are shedding like fuck because everyone else is. You normally can't drop 10% of your staff without pissing off the public and scaring investors, but when all the competitors are doing it, it's just the market correcting. The investors are clamoring for this.

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