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Miro just got acquired, I wonder what the new company will do. "often increasing revenue and lowering expenses (including by reducing headcount). The company employs full-stack developers to rewrite acquired codebases using artificial intelligence" Ah ...ah.

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Tbh, they have a bad reputation but their business is solid. They are strong at milking the companies, the customers and the employees. Also, by italian standards, they pay quite well (italian engineers cost peanuts compated to EU or US). It's very aggressive capitalism, but not extreme (yet)

what a fucking gross business model. buy known brand, fire everyone, keep the lights on with mvp/slop, extract cash until inevitable death. lovely

We’ve had it happen quite a few times in the Netherlands the last few years. Many well known stores have been brought to bankruptcy through these methods.

yeah private equity has gutted a lot of uk high street brands / food places, but i hadnt realised (oh sweet summer child that i am) that it had been applied to sw. but of course

even pre-AI, their business model seemed to be to acquire semi successful or rising companies, gut them out and replace their workforce with underpaid remote italians shared between products working under a minimum investment strategy to bank on name recognition AI just speeds the hollowing out up