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20VC: Lime's CEO on Going from Losing $3 on Every $1 to $90M in EBITDA | How Lime Built the Global Leader in Micromobility When Competitors Went Bust | Losing 90% of Revenues in COVID and The Uber Deal That Saved the Company with Wayne Ting
Wayne Ting
What was the worst decision? So we did end up doing two rounds of layoffs. And I would say that is never a good thing. Like when you're doing layoffs, it always feels so painful, too painful. But I would say it's never painful enough. The most painful thing is coming back three months later with another round of layoffs.
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