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Season 3, Episode 8: Netflix (Part 1)
Acquired
How to Cut the Burn in a Dot Com Burst Era
In the dot com burst era, many companies were forced to cut their workforce. This is one example of a company that had 15 million dollars in the bank when it was laying off 40% of its staff. The CEO called an immediate meeting and told employees they would have to be laid off or go bankrupt. In times like this, you need to slake in times like this: It's either the company's going to die,. bcause you'r gin to go bankrupt, or you need to cut the burn. Ye i think they weren't quite profitable when they ip oed, but was on track to be profitable the next year.
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