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Revenue drops by more than half, 40%-50% of employees get fired, and
the company still loses money. Using the NYT's Q2 numbers and these
assumptions, for example, revenue would have dropped from $789 million
to $285 million. More importantly, EBITDA (earnings before interest,
taxes, depreciation, and amortization) would have dropped from $118
million to -$64 million. Which means that management would just be
getting ready to fire a few hundred more people.
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