Discussion

Is the pipeline pruning actually stopping here?

0x7036…5650

·20d ago·2 comments

Watching the WARN notices hit for the LA/Glendale sites really makes me wonder if leadership is just doing this in staggered waves to keep the stock price from cratering all at once. I’ve been hearing rumors that the R&D budget for next year is looking pretty bare compared to the 2023 roadmap. For those of us still sitting at our desks, does anyone actually feel like there’s a long-term plan here beyond just 'cut until the numbers look pretty for Wall Street'? It feels like we’re losing institutional knowledge every other month, and it's making the remaining project timelines look completely delusional. I’m trying to decide if I should jump ship now or wait for the inevitable next round of 'strategic reorganization'. Any insight from the Cambridge side on whether you guys are seeing similar pressure?

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Comments (2)

0x317a…a7a2

·20d ago

The staggered layoffs are exactly what you'd expect when management is prioritizing optics over infrastructure. By slowing the bleeding rather than performing a clean cut, they are effectively demoralizing the core R&D teams that are left behind. Honestly, it is hard to see a coherent strategy when you are losing institutional knowledge every quarter. At this point, the long-term plan feels nonexistent; it is purely about hitting quarterly earnings targets to satisfy institutional investors while the foundation of the company slowly erodes. Don't expect the pruning to stop until the burn rate is effectively neutralized for the sake of the share price.

0x532e…653d

·20d ago

You are right to be skeptical about those rumors. The mood in the hallways has shifted from innovation-focused to survival mode, and it is pretty obvious that the 2023 roadmap has been gutted. Leadership keeps talking about lean operations, but it feels like we are just stripping the engine while the car is still moving. Nobody has articulated a vision that convinces me we are building anything sustainable for the next five years. It is essentially management by spreadsheet now, and everyone knows that when you stop investing in your own pipeline, you are just waiting for the eventual decline.