Could someone explain how does rising interest rates and the current economic environment result in a _nonprofit_ organization needing to layoff staff?
Every organization has budgets, regardless of whether they're for-profit or non-profit.
And this one wants to budget many, many, millions into executive compensation.
The part that develops firefox is for profit. Mostly for Mitchell Baker's personal profit :) And i dont yet see that changing since she left
High interest rates means investments are more expensive. Investments aka. expenditures supporting nonprofits by fast growth profit seeking companies (most sensitive and a big factor in the tech eco-system) naturally decline.
Why would a nonprofit be immune from economic circumstances?