All big tech management will be watching this closely ("wow, despite employees saying their "critical" function is now unstaffed at twitter and facing imminent collapse, the whole system worked just fine. Bill, let's go over staffing for second quarter, think we have some cuts we can make....")
Sure, but it will be awful stressful for those 300 employees to keep it going to possibly generate wealth for one person. Or for him to lose that wealth.
Sure, but it will be awful stressful for those 300 employees to keep it going to possibly generate wealth for one person. Or for him to lose that wealth.
every firm you generate wealth for one or a small number of founders/shareholders. how it this any different.
twitter employees will be well compensated. if they want to became uber rich they can start their own company.
This Twitter deal seems highly unique. Elon has come in and axed half the work force and is trying to completely change their business model on a whim. Have you seen his tweets about the company possibly not surviving an economic downturn? Things look quite grim.
And all the other big tech firms. Tons of layoffs. Not unique to Twitter.
They will be fine.
Happens every economic down turn. People get fired. I am guessing all of these twitter employees were aboutbas productive at their job as anyone posting on this board. if they weren't doing work, Elon wouldn't need the survivors to work 2x as hard to make up for their loss.
Companies always have deadweight. I have been through a dozen layoffs. The first round when you lose 10% isn't too bad. The next one tends to be painful. And by the 3rd you are dropping products.
Now maybe it makes sense for a company like Google to trim their product line (did they really want to be in the gaming business,....) or Uber deciding they have no business trying to develop self driving AI.
They were at 7,500 employees when Musk took over ?
Shows you how much worthless dead wood exists at most large tech companies.
Does it really though? If people went from working ~40 hours to 80+ then all it means is if we literally work people to death we could have richer billionaires? Yeah, that's probably not a great outcome for society, but if you are in favor, all I need is 2900 of you to work 80 hour weeks and give half of your income to me and I'll be a billionaire in a few years so just leave me your contact info and I'll tell you where to mail the checks.
They were at 7,500 employees when Musk took over ?
Shows you how much worthless dead wood exists at most large tech companies.
No it doesn't. It shows you how much Elon is either trying to tank the company on purpose or has no idea what he's doing. Considering Tesla and SpaceX have done well I would assume the former.
Other tech companies going through layoffs are restructuring their business. Generally companies do this when they have bloat in certain business units that are no longer profitable etc... Twitter doesn't have a bunch of different business units.
The other evidence things are not going too smoothly is having to immediately ask certain employees to come back and giving the remaining employees an ultimatum that they will need to work 'extremely hardcore' or take 3 months severance. They rolled out the subscription blue check mark and immediately pulled it. It is a very bumpy ride. No other tech company is going to look at anything Elon is doing and want to emulate it at this point.
If you’re the most talented, you won’t get cut. Look at Chicago’s best trading firms. Interviews are insane, but that’s because of the salaries. They’re also very meritocratic and won’t hire people just to fill quotas
They were at 7,500 employees when Musk took over ?
Shows you how much worthless dead wood exists at most large tech companies.
No it doesn't. It shows you how much Elon is either trying to tank the company on purpose or has no idea what he's doing. Considering Tesla and SpaceX have done well I would assume the former.
Other tech companies going through layoffs are restructuring their business. Generally companies do this when they have bloat in certain business units that are no longer profitable etc... Twitter doesn't have a bunch of different business units.
The other evidence things are not going too smoothly is having to immediately ask certain employees to come back and giving the remaining employees an ultimatum that they will need to work 'extremely hardcore' or take 3 months severance. They rolled out the subscription blue check mark and immediately pulled it. It is a very bumpy ride. No other tech company is going to look at anything Elon is doing and want to emulate it at this point.
Good post. This can pretty much be the end of the thread. We'll see how things pan out.
They were at 7,500 employees when Musk took over ?
Shows you how much worthless dead wood exists at most large tech companies.
Does it really though? If people went from working ~40 hours to 80+ then all it means is if we literally work people to death we could have richer billionaires? Yeah, that's probably not a great outcome for society, but if you are in favor, all I need is 2900 of you to work 80 hour weeks and give half of your income to me and I'll be a billionaire in a few years so just leave me your contact info and I'll tell you where to mail the checks.
Musk wants people who have the technical skills needed to tear down Twitter and build it back up. The content moderation clowns and the VP of user engagement could work 100 hours a week and contribute nothing to the plans of the new CEO.
Musk is a Chinese agent set up to wreck havoc and destroy American industry and business. While American tech companies will lay off employees, I bet their Chinese counterparts will expand and hire more people.
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