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Twitter announces layoffs

sec.gov

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Re: Twitter announces layoffs

#111
post #5

Why is this email on sec.gov?

Twitter filed a Form 8-K with the SEC this morning.

https://www.sec.gov/Archives/edgar/data/1418091/000156459015...

I'm not a securities lawyer, but I think the basic idea is that news about the layoffs (and the associated costs) was deemed to be material information, so under reg FD it has to be released to all investors simultaneously.

Re: Twitter announces layoffs

#112

Earlier quoted context omitted.

What you said is as near the definition of "giving it straight" as one might expect to follow his preface. What he actually said is as near the definition of corporate speak as possible. There is no confusion on my part. Perhaps Jack is the one confused about what people mean by "corporate speak".

how would you have phrased it?

"We're laying off up to 336 people, with the biggest impact to Product and Engineering. We'll be providing generous exit packages and helping find new jobs. Sorry. It's our fuckup, not yours."

Re: Twitter announces layoffs

#113

Earlier quoted context omitted.

What you said is as near the definition of "giving it straight" as one might expect to follow his preface. What he actually said is as near the definition of corporate speak as possible. There is no confusion on my part. Perhaps Jack is the one confused about what people mean by "corporate speak".

how would you have phrased it?

It would have been better to phrase it the same, but leave out the part about giving it to everyone straight.

Re: Twitter announces layoffs

#114
"up to 336" -- that's a very specific number, suggesting this was somewhat surgical. Most other leadership types are of the "any manager worth her salt should be able to cut 10% of her staff, so do it". Layoffs are never easy, but it sounds like Jack is doing his best make the right cuts and take care of affected.

Re: Twitter announces layoffs

#115

> The world needs a strong Twitter Really? Does it? I think Twitter needs a strong Twitter, shareholders need a strong Twitter even Twitter employees need it. However the world is, at best, ambivalent about Twitter, if it disappeared tomorrow a replacement would spring up within a few weeks if the world really needed a way to shotgun their messages into the ether.

Odd. While incredibly flawed it's still the single best toolto fight against censorship and public and private control. If you have doubts go look at how many national governments have blocked it at one time or another. The world is better off with a strong Twitter.

Saying it like that makes it sound too much like the brand is what is needed as opposed to the tool. To put your words another way: The world is better off with a strong tool to fight against censorship and public and private control.

If Twitter starting taking massive cash payments from governments to filter content, it would be a strong Twitter with lots of cash, but not a strong tool to fight against anything.

Re: Twitter announces layoffs

#116
post #13

Earlier quoted context omitted.

What about that seems like corporate speak to you?

not OP, but what was announced 3 paragraphs later could have been written in the same sentence: "Emails like this are usually riddled with corporate speak so I'm going to give it to you straight: we plan to part ways with up to 336 people from across the company."

For a half-page email, this seems awfully nit-picky :)

Re: Twitter announces layoffs

#117
TL;DR: We're making some changes to the company. We're firing the 336 of you we don't need anymore. Thanks for your work.

Everything else is fluff. But I guess they have to sugar-coat it a bit with "utmost respect" and "tough decision".

Re: Twitter announces layoffs

#118

> Emails like this are usually riddled with corporate speak so I'm going to give it to you straight. Well, since you said it that way, I should assume that what comes next will not sound like a steamy pile of meandering corporate speak, right? > The team has been working around the clock to produce streamlined roadmap for Twitter, Vine, and Periscope and they are shaping up to be strong. The roadmap is focused on the…

"We just fixed the glitch"

Re: Twitter announces layoffs

#119

> Emails like this are usually riddled with corporate speak so I'm going to give it to you straight. I tried rewriting his email to live up to this promise: - - - Team, We're cutting our workforce to strengthen Twitter as a company. The team has been deciding how to best streamline Twitter, Vine, and Periscope to put their focus on the projects which will have the greatest impact. Moments, which we launched last week…

Team,

We're cutting 336 people from our workforce to strengthen the company.

We are deciding how to streamline Twitter, Vine, and Periscope to focus on projects with the greatest impact.

Moments, which we launched last week, is a great beginning. It's a peek into the future of discovery.

We'll offer each person a generous exit package and help finding a new job.

Engineering will be smaller but remain the biggest percentage of the organization, and other departments will be cut in parallel.

Thank you all for everything. As always, please reach out to me directly with anything.

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