CARLEtheCamry t1_j9zjafv wrote
Reply to comment by akmalhot in Locamation IS NOT shutting down, journalism is just dead. Spray first approach vs facts by akmalhot
> Locomation failed to raise additional investment capital, leading to the layoffs
Another startup not profitable enough to cover their own payroll. 90% fail. working for one is like playing the lottery with your career.
Maybe they're hoping someone will buy them up.
akmalhot OP t1_ja12qp2 wrote
Eh, their tech is pretty solid, and they have orders. They are pre revenue
The dynamic of raising money changed drastically..
They absolutely are hoping to be bought and have had interest.
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