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cortesoft
3 months ago
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Cloudflare to cut about 20% of its workforce
Yes, their revenue was $639m but their expenses were $702m.
It doesn't matter how much revenue you have if you are spending more than that.
_t2kx
3 months ago
[–]
Expenses were more on purpose, they amortized a bunch of hardware depreciation now instead of over 5-7 years with the new tax changes. This is pure greed
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It doesn't matter how much revenue you have if you are spending more than that.