A Typical Tale of Modern Corporate America

Stupid is as stupid does. Especially in the modern corporate world:

Former BuyWithMe copywriter Peter D'Amato was one of nearly 120 people let go from the daily deals site last week. He recounted the final days and told TechCrunch what went wrong.

According to D'Amato, rumors were swirling days before the layoffs, rumors were swirling. An email with names and titles of people being axed was accidentally sent to the development team instead of the executive team.

Then, on October 19, the company slashed more than half its staff from 200 to 85. D'Amato says his termination paper blamed "failure to identify sufficient funding to sustain the business' current employment levels."

But just a few weeks before, BuyWithMe had hired people and even acquired companies. So what went Aside from being unable to raise another round of financing, D'Amato says the company's aggressive acquisitions caused it to fail. He also says merchants didn't make any money or generate valuable new business using BuyWithMe.

"Just a few weeks before," BuyWithMe was having great fun playing the game. Fuck long term viability and fuck its employees. That's what capitalism in America has become these days. Nothing but a fucking game.