I guess it’s self explanatory but I keep seeing all this stuff about how everyone is moving from Reddit to lemmy and I’m wondering if anyone knows if that’s really what’s happening. If you have numbers that’s even better.

Thanks!

  • @PlutoniumAcid
    18•1 year ago

    I am seeing precisely this in my workplace. A global company, bought by an investment fund for billions.

    The fund cuts away anything that does not directly generate revenue, like product development, maintenance, support. So many people have been let go, the few remaining are unable to keep the ship afloat.

    Fund doesn’t care because the numbers are amazing (income vs expenses) and they just want to sell before it sinks.

    No care for the livelihood of thousands of employees, or the many very large customers. They will practically die, and that’s okay to the ones in charge.