After Elon fired half the Twitter staff, Twitter has functioned pretty much the same. Or better. They have launched new features (related to misinformation, Twitter blue, improved feed). There have been only minor mishaps and downtime issues. So he was right. A reduction in force was needed. Twitter was spending way too much on employees who were not needed. I don’t understand why people still call the Twitter layoffs ‘brutal’ or a ‘bloodbath’. TC: 250k
Tech Industry
Yesterday
2214
What happens when most of your team is Indian?
Tech Industry
3d
59864
Crossed a line with my boss
Health & Wellness
Yesterday
370
Lasik cost
Tech Industry
Yesterday
1284
Women, help me understand why this is inspirational
Software Engineering Career
Yesterday
436
Attentive offer evaluation
What’s what triggered the lay off in all other companies
But nowhere to the same magnitude. Google and Amazon can function at half the current employee count. Hoarding talent is a net negative for society.
We just want free money without doing so much work. They should’ve just held off on the layoffs until I decide to FIRE so I can get severance money
He’s also cut the valuation of the company in half, so there’s that.
the valuation before was market. the valuation now is made up (20b). the real valuation if we apply market multiples is 12bn. and they have 13bn in debt. rest of math left as exercise to the reader
Worked out for me — I made like $150k on TWTR stock
Imagine being this stupid, it must be nice
What is made up valuation and market multiplier. It’s a private company. No valuation possible without due diligence. All the haters want to believe valuation fell to 1/2
sorry replied to wrong post
You’re gonna get a lot of hate but it’s true. Lot of people are doing unnecessary work.
Yahhh that’s why engagement is falling, major accounts are being hacked and advertisers are fleeing en masse lol
Not sure why you’re correlating firing useless people and the issues you brought up?
You know, Elon isn’t going to love you back.
Not true. He loves making children.
Are you one of his kids? No? Then he doesn’t love you.
Realistically though nobody expected it to break the next day. It’s death by a thousand cuts. Small security issues that take time to bubble up and eventually amount to a lot. Not having time/personnel to perform upgrades from WS19 to WS2025, to perform audits on old admin accounts, etc etc Was there ZERO bloat? Of course there was. No company is the perfect amount of lean. But were the cuts proportional to the amount of bloat? No.
What is cute
Cuts autocorrected probably
Company's worth almost nothing now
I made money off my shares though 😂
I don't have a dog in this fight but just to correct something here 😊 Elon bought it at $44B (market cap was around $35B before he announced offer), it's worth around $22B now. I wouldn't call $22B "nothing", but yeah it is worth half the purchase price now.
- Advertising is tanking. 40%+ of top advertisers have left - Bots are worse than ever - Basic features crumbling - Twitter Blue only made $11M in 3 months. That’s horribly abysmal, really cannot understand how dogshit that is - Valuation went from $40B to $20B and will continue to tank Keep drinking the kool aid though!
I don't think bots are worse. I think they have decreased significantly.
Postman, just try posting anything tagging elon or any famous crypto bro. Even on a brand new account you'll see "interactions"
Ok
Ok? What a stupid reply.
People who are smart enough well understood and liked my comment.