On: Shopify to lay off 10% of workers in broad shake-up

[pastor_bob]

They clearly made a bet to try and become Amazon-esque that hasn't paid off and has been costly.

To blame 'unforeseen' waning pandemic growth seems like a copout by management (not surprising)

[onlyrealcuzzo → pastor_bob]

In business, optimism usually wins over pessimism - but reality always settles the account.

[sim7c00 → onlyrealcuzzo]

optimisim wins over pessimism, right up to the point the ship sinks. somewhere in the middle is likely the way forward.

[onlyrealcuzzo → sim7c00]

Pessimistic people don't get promoted, even when they're right.

It's just better to be a hyper bull and optimistic and get lucky and be right.

[marcinzm → sim7c00]

From a business perspective layoffs aren't the ship sinking but simply adjusting heading.