To be honest, most executives wish they could fire 10% of their staff. Once you get to even 30-40 people, 10% of your staff are almost inevitably dead weight. Unfortunately you can't mass cull without causing morale issues.

This period is just giving us a chance to shed those people without cultural ramifications.

…what? All the executives would leave. What are you talking about

Judging by their English they’re almost certainly from the Baltic so I don’t think his tone was intended as disrespectful

The problem is you could have said the same in the 90s for veggie burgers. Existing and slowly expanding doesn't mean it hasn't been a flop - especially considering the monumental amount of capital & hype that was put behind plant based meat

From that perspective, it's definitely been a flop (so far). Jury is still out on long-term lab grown meat.

There was a hype bubble yes, and from the perspective of the people who bought into the bubble, it has been a flop. But the industry has still undergone slow and steady growth and this trend will likely continue.

Where there is progress there are yuppity losers sueing it into oblivion

These are the same people who then blame capitalism for their mental health issues

If $135m in 2 years is a dying breath then Jesus take the wheel

Right, you'll have a lineup of talented people wanting the job for $0

Miserable HN devs strike again

Apple just need to re-badge themselves as a not-for-profit charity ;)

He didn't say it's the only measure.