Twitter to lay off 25% of workforce in first round of job cuts https://www.reuters.com/technology/twitter-lay-off-25-workforce-first-round-job-cuts-washington-post-2022-10-31/?taid=635fb1be9a88af000177687c&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter #twitter #tech
I wish Elon acquires GE Aviation and fire half of their employees. I have never seen employees (a lot at GE) have such a low performance in my career. However, they’ve been complaining their are underpaid, maybe that’s why there is not much motivations.
How much are they paid?
I've seen SWE at GE (or was it GM?) paid like 80k.
Elon is going to run this platform into the ground faster than he can say “I’ll give you a horse”.
He either makes it better or it dies, both are great options
It will never die. Freebies will be exposed
It was pretty clear this is what Elon was going to do from the text messages from the trial. Per employee revenue was low compared to other SV companies, so Elon saw an easy way to increase share price by reducing OpEx.
Isn’t Twitter private now? So no “share price” to increase
It'll be sold eventually. He can easily 2x+ it, that's why some bigger investors rejected the offer and are still owners.
“Fake news”
Why are there even still tech people at Twitter, wasnt it obvious this would happen for months?
For 6 months everyone in tech space saw this coming . Those that stayed have to take responsibility for that decision to
To be fair I honestly thought Elon would drag out the court case for much longer than he did. They may have thought there was more time. Layoffs also probably made it harder for some of them to find new jobs. The timing was bad.
Has it happened yet or just speculation?
Nothing's happened yet
‘DM me for McDonald’s’
How much does wearing a Hamburglar costume pay these days?
$0, it's Halloween season.
So it wasn't 75%. Ok
Only first wave.
Apparently EM wanted to fire 80% but his core team has temporarily talked him out of it
Why do people work for this Elon guy anyway. Overworked and underpaid. It’s the sweatshop of tech
There’s a whole lotta people who want to work for any US company, regardless of who’s in charge. See Amazon.
Risk v reward, I guess. Ppl that stuck around at Tesla must be really happy with their stock payouts over the years. Not sure about Twitter now tho, since it’s private
Will Elon add his 80 hour work weeks from Tesla as standard company policy? No more free lunches and dinners at Twitter?
According to ex employee : Rahul Ligma, that could happen.
U cannot pronounce that name without chuckling