this post was submitted on 12 May 2026
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TechTakes

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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

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GitLab announces AI layoffs, stock goes down 9% (pivot-to-ai.com)
submitted 4 days ago by dgerard@awful.systems to c/techtakes@awful.systems
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seize the day!

https://www.youtube.com/watch?v=8yk_M88Wc8U&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260512-gitlab-announces-ai-layoffs-stock-goes-down-9 - podcast

time: 4 min 53 sec

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[–] V0ldek@awful.systems 7 points 4 days ago (1 children)

Their cash flow suggests they were heavily leveraged on crypto

Wait what, GitLab was doing crypto? The fuck is going on in those people's heads

[–] fiat_lux@lemmy.zip 4 points 4 days ago

Total speculation on my part. They could have blasted that cash on orgies for all I know.