I had heard about the CloudFlare job cuts, what I had not realized is that after announcing them the company lost over 23% of its value in one sitting.

[gabrielesvelto@mas.to]

I had heard about the CloudFlare job cuts, what I had not realized is that after announcing them the company lost over 23% of its value in one sitting. I guess the trick of announcing job cuts to pump up your stock doesn't work anymore.

[samir@mastodon.functional.computer]

@gabrielesvelto I guess investors are finally seeing through the “we are cutting jobs because AI” nonsense?

[rozeboosje@masto.ai]

@gabrielesvelto

"We successfully removed the tumour from the patient's brain"

"Oh? Really? So how come they're dead?"

"We wanted to be sure we got all of it so we cut off the entire head".

[dysfun@social.treehouse.systems]

@gabrielesvelto david noticed that the hit was less if they blamed it on AI, but there was still a hit.

OTOH it was like 2% vs 8% or something like that. this is unreal.

[cbzo@mastodon.green]

@gabrielesvelto Investors starting to realise that work needs to actually be *done* to ‘create value’?

[freddy@social.security.plumbing]

@gabrielesvelto good.