A lot of us don’t want Elon’s Twitter to be successful because it might change the culture in the industry and more companies will start using the same playbook. The easiest way for Twitter to fail is that they won’t attract talent. If this was 2021 when everybody was hiring and giving high TC, I doubt Twitter will be able to hire many people. However, many big tech companies are not hiring right now, and the ones that are hiring aren’t hiring a lot - not nearly enough to employ all the tens of thousands of tech workers that have lost their jobs in the past year. Many startups are also packing up, or have done layoffs. So, there aren’t many options. Also, I think most places will start having worse WLB - many laid off, but the people that are left have to pick up the slack, so, a lot more workload. I think this economic situation will go on until next year, so there might be even more layoffs and even worse WLB. Unfortunately, the industry isn’t entirely new to this. Places like Amazon, Tik Tok, Stripe are known to have bad WLB which proves that as long as the pay is decent, people will work. This acquisition should have happened last year when it was an employee-market. Twitter would definitely have struggled to find talent. But in this environment where the top companies aren’t hiring anymore - and if they are, not nearly enough to provide jobs for the tens of thousands of people laid off in the past 10 months, I doubt if talented people will not apply to Twitter. It’s hard to say no to Twitter, a no-name company or a dinosaur (e.g. IBM, etc) if you have a mortgage payment that is past due or if you’re on H1B.
Don’t agree, it’s all about supply and demand. Supply is more than demand now.
Twitter is the new yahoo. It’s going to live on, a shadow of it’s former glory. Within 2 years it will largely be ignored.
I think not, Twitter actually has a benefit and use. Yahoo … not so much. I’ve seen crap like this before just not at such a high level. They’ll be alright in time. Maybe now is the time to jump in, by more?
I personally wouldn’t want to work for Elon Musk, but I kinda feel like Silicon Valley needed a wake up call. SV engineers have been acting like 80s stockbrokers and have been super entitled about it. If Twitter thrives or even just survives after laying off half its workforce it will prove that that company had a lot of fat to be trimmed. I think that’s true for a lot of these overvalued companies who don’t create real products with value, just more monetized screen views, or selling of user data. I’m thankful to be at a company that has taken a more conservative approach to growth. I may not make as much as some people here but we have a good team culture and we build actual products that we can be proud of, and our company is prioritizing keeping its talent during this downturn. It might mean saving money on a few things here and there and not hiring as many as we’d planned but the alternative is really counter to our culture.
You seem high on copium. As if only hardware products are real products and software as no value
Nope, I’m a software developer. I know it delivers value. The whole vanity-based social media/user-data-market/pay-for-screen time bubble is bursting though, and I’m pretty happy about it. Software should enhance our lives, whether through productivity, entertainment, improving safety, more efficiently providing goods, making basic human needs more accessible, etc. Twitter provides some value as a communication medium and news/information platform, but most of it is the same kind of cancer like Facebook and Instagram and the like. They appeal to the worst parts of our nature and have contributed to the division in this county and other parts of the world. It always bothered me about the bloated TC that these companies paid.
Did you get a blue tick. Get a blue tick it’s fun.
$8! But didn't they turn it off?
No thanks. I’d rather pay for a couple more coffees at Starbucks than burn away $8 each month.
Thats absolutely true. But I am positive EVERY employee in twitter now wanna leave and waiting for an opportunity. Just remember the market will be back eventually and people willbe able to leave twitter. Twitter will survive for a year or two but thats it.
Twitter might survive but all the engineers Musk is abusing will leave as soon as they get a chance, and once the market is competitive, Twitter will be viewed as a tier-C company. Tesla and SpaceX can claim to be saving the world by advancing EVs and space exploration. You think Twitter will still have that sort of caché?
Yes. Musk's Twitter will be a privilege to have on the resume. Look at Amazon. Everyone hates it. But it means a lot on the resume.
Okay but being hated isn’t automatically a good thing fam
Twitter was fucked before Elon. They’re absolutely doomed with his terrible “leadership”.
The business plan was shit. Musk is going to turn Twitter into a FinTech company. That’s why he’s fine with everyone leaving, and he’s taking it private so he can transform it. He needs the company for its infrastructure, not it’s people, especially not the entitled ones who’ve been coasting by for years anyway.
Right now Twitter is at an inflection point to huge profits or a fiery death.
Everyone forgets Twitter can be copied in its business model. and a lot of the talent that has left now has the motivation to do so. And there’s a whole gen that doesn’t use Twitter. Twitter may have its place for a while but trends shift and new tech will always come around. If I’m right in 5 years someone buy me a beer.
The Economist put it succinctly: “if Mr Musk makes another success of his latest venture by being brutal to his workforce, skipping the PowerPoint sessions and managing through memes, the mba will still need a bit of an update.”
I would much rather skip the PowerPoints in favor of memes. MBA product and project managers are such huge timewasters. Why do I need to spend 8 weeks writing proposals when it takes 1 week to implement?
because you might end up implementing something no one wants