layoffs will continue until companies are much more efficient
DO made a profit of a little over $250m in 2022, on revenue of $428.6m. That's a 60% margin. How much efficiency does a company need?
EDIT: Correction.. those are the 2021 numbers. The latest numbers on the DO website for Q3 2022 state;
"Gross profit of $97.6 million or 64% of revenue, an increase of 300 basis points year-over-year, and adjusted gross profit of $121.5 million or 80% of revenue."
DO made a profit of a little over $250m in 2022, on revenue of $428.6m. That's a 60% margin. How much efficiency does a company need?
EDIT: Correction.. those are the 2021 numbers. The latest numbers on the DO website for Q3 2022 state;
"Gross profit of $97.6 million or 64% of revenue, an increase of 300 basis points year-over-year, and adjusted gross profit of $121.5 million or 80% of revenue."
https://investors.digitalocean.com/news/news-details/2022/Di...