At the end of 2022, Nextdoor had 704 employees.. the San Francisco company .. 200 employees will be impacted by the job cuts.
The job eliminations are part of a larger cost reduction plan that aims to slash Nextdoor’s current personnel expenses by up to $60 million annually..
The company this week reported quarterly losses of $38 million — greater than the $35 million it lost during the same period last year.
“The company this week reported quarterly losses of $38 million — greater than the $35 million it lost during the same period last year.”
After inflation they are doing better than last year—a Cramer “buy” recommendation for sure...
Lol.
(Net present value of zero....)