I think there would be a fundamental difference between an airline which has had to ground the majority of its flights indefinitely, thus loosing customers and business (Qantas), and a tech company facing increased customer demand that is in in a position to offer free services to support companies through this crisis and has enough money on hand to see 18 months out (Livetiles)...
No, not everyone is trimming staff
@Tong ze bu tong. Hospitals, delivery companies, toilet paper factories, supermarkets, etc are increasing staff. Companies are only cutting costs they cannot afford or that do not offer a net benefit to the company. For Livetiles - a hypergrowth company that intends to gain market share - they are indeed essential. Two jobs for Livetiles have been listed in Victoria in the last fortnight on indeed (of 5):
Marketing Lead
https://au.indeed.com/rc/clk?jk=7bc4804f28dd91f3&fccid=0d85b9006db28755&vjs=3Financial Accountant
https://au.indeed.com/rc/clk?jk=377905c509057648&fccid=0d85b9006db28755&vjs=3There are also arrangements with the Victorian Government for jobs to be created in Geelong soon:
https://www.geelongadvertiser.com.au/news/livetiles-geelong-federal-mills-office-finally-being-filled/news-story/7cf29fa7a6ced5fe46f5d4703814aaa4Livetiles have not taken 'no action'
@JJ2009. They are supporting businesses for free during a tough time, which is essentially offering a free product trial. They performed a capital raise at a much higher price to today's current one which should get the company near, if not to, break-even.
They just presented beside Microsoft in New York to companies that must now operate from home, increasing their exposure and potential clients.
The only thing they haven't done is update the market on the impact of this to the business. But given that they specialize in remote workplace offerings, working from home should not be detrimental to their own operations and should in fact gain them additional customers and broaden their exposure; I expect that any update would be positive and am happy to wait for a more accurate announcement to come later, rather than an earlier, speculative one.
With extra exposure, free trials and being listed as the 5th fastest growing company in Australia more investors and customers will know of Livetiles. Hopefully this translates to customer and share price growth over the year. Don't be shaken out of a good company at a loss because of panic. They were loss making before this, and on the road to profitability with strong organic and acquired revenue growth.
(20min delay)