Inflation

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One of those things that we did two years ago was we had to architect a layoff, and we had never done a scaled layoff before. We had to lay off 10% of the company to save the company, and I didn't want to do it. I mean, it's the last thing I want to do as an entrepreneur, which is to adjust our headcount, but we were coming out of the pandemic, and we had just hired too many people. Now, it turned out that a lot of companies in Silicon Valley all did that same maneuver during the pandemic. Things were so robust in the pandemic that we were overhiring. By the time the pandemic was over, we had too many people. I mean, what did I know? It was my first pandemic. All of a sudden, my next pandemic, I'll know that there's an economic cycle associated with it and an inflation cycle too.

All of a sudden, my next pandemic, I'll know that there's an economic cycle associated with it and an inflation cycle too.

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