Why is this several hundred upvotes news? A startup grows from 30-something to 90-something it's too much it trims a little. That's entirely normal. What's the big news?
It trimmed the most recent employees, who decided to take the job after rejecting other job offers. Hiring 60 people in one year and then firing 10 of them in less than a year isn't nice and it doesn't feel nice. It's definitely a screw up in planning.
I understand why it can happen for sure, but still sucks.
Yeah, also I get the FIFO idea of firing, but for some people who have given up jobs recently. Or have come out of a startup which has failed and owed them salary it can be really tough. Especially when it can take a couple of months to find a new job if you're committed to the remote lifestyle. The share amount of applications that companies who operate remotely get means that it takes six weeks for them to even get to your CV, let alone go through the coding challenges, multiple interviews, paid trial, etc.