Hacker News Reader

Well, here’s some great news: The CEO takes full responsibility [1]!

> Ultimately, we had optimized some aspects of our operations for a very different world than we found ourselves operating in. The responsibility for that falls squarely on me.

[1]: https://www.publicnow.com/view/CEA41F7D5BB5C6CFF1144A3A9C462...

View on HN

Let’s not mince words, though; the accountability for this decision rests with me. The consequences, on the other hand, rest with you, but so does a pretty generous COBRA package.[1]

/s

[1]: https://www.mcsweeneys.net/articles/macroeconomic-changes-ha...

> In our new plan, we expect to grow revenue by approximately 30% in 2023 and exit Q4 2023 with breakeven non-GAAP operating margin.

Interesting plan, too bad operating margin doesn't mean profitable.

In 2022 Q3 the 9month cumulative sums show a revenue of 417M with net loss of 346M. Growing 417M by 30% to say 550M still would be a loss of 204M. If they also cut operating expenses by 33% then they could become profitable though.

Reply on news.ycombinator.com