On: Ask HN: Have you been laid off?

[mercutio2]

Neither valuation (which I assume was what they meant) nor revenue tells you much about a formerly-growing company's fixed costs or its reserves. Rapidly growing companies frequently have very limited reserves.

When revenue collapses, as it has for many industries, your fixed costs dwarf everything else and most businesses will be in trouble.

[conductr → mercutio2]

Bingo. Our whole business was debt fueled M&A. So opex along with interest are big nuts. Shoveled every dollar back to M&A not much safety net.