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Twitter announces layoffs

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Re: Twitter announces layoffs

#271

Post by cwilkes »

MagnumOpus wrote: post #242
roymurdock wrote: post #74

Earlier quoted context omitted.

Morgan Stanley, Fidelity, Vanguard, Jennison Associates, and Blackrock need a stronger Twitter. [1] Also interesting to note that over the past year insiders have only bought 1.5m shares while offloading 12.5m. [1] http://www.nasdaq.com/symbol/twtr/ownership-summary

All of the above companies are asset managers, not principal investors (even MS in this context). Meaning that they don't benefit from a stronger Twitter, but the individual investors and pension accounts who own their ETFs and index funds do. You might have a point if rich people's investment vehicles (like hedge funds, private equity or venture funds) owned the majority of TWTR - but they don't, as you showed.

All of the above companies are asset managers, not principal investors (even MS in this context)

And what happens if those asset managers lose money year after year or don't keep up with others?

Re: Twitter announces layoffs

#272

Post by chc »

laichzeit0 wrote: post #248
skylan_q wrote: post #235

Earlier quoted context omitted.

A decent human being always has perfect foresight and never has to make tough decisions that impact people. If anyone is ever fired or laid off, the CEO should be immediately replaced. Or alternatively, no one should ever be fired.

I can't tell if you're being serious or facetious? If you're serious you live in a Utopian fantasy world :) If you're being facetious, well played.

I don't know how you could read "a decent human being always has perfect foresight" in any way that isn't sarcastic.

Re: Twitter announces layoffs

#273

Post by bigtunacan »

Geekette wrote: post #245
Sidnicious wrote: post #97

> 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…

A (what-if-the-news-broke-via-Twitter) translation: Fam, Shit got real, gotta drop, 336 deep. Mainly ingenieros. Don't get shook, all drops get $. Keep keeping on. Questions? Holla @ur boy. -J

Checked Twitter. You're 1 character over the limit. Funny nonetheless.

Re: Twitter announces layoffs

#274

Post by rsobers »

Sidnicious wrote: post #97

> 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…

I would change:

> Moments, which we launched last week, is a great beginning.

To:

> Moments, which we launched last week, illustrates the problem. It missed the mark.

I honestly don't think Jack or Ev think Moments, in its current incarnation, embodies what Twitter is or should be.

Re: Twitter announces layoffs

#275

Post by giarc »

ngoel36 wrote: post #230

This truly sucks - I'm sorry to hear that. If you're one of the unlucky engineers that caught up in all this - reach out to the email address in my profile. We're hiring tons of awesome engineers at Uber, and if that's not the right fit for you I can help get you connected to other SF companies as well.

Spit balling an idea here for Site X.

-Twitter lays off a bunch of engineers.

-Twitter employees create job profile, with Twitter permission on Site X.

-Site X is accessible to other large tech companies looking for experienced engineers. Site X is a showcase of recently laid off employees filtered by layoff group (#368 employees, Twitter, Fall 2015).

----

Pro's - other tech companies can locate talent without having to weed through thousands of resumes.

-engineers can transition from one company to another quickly.

-Twitter shows support for "helping transition to another job."

---

Con's - is this considered poaching?

-Do other companies want those engineers that got laid off? Are they considered low quality, or just were redundant?

Re: Twitter announces layoffs

#277

Post by dredmorbius »

kamaal wrote: post #217
rudolf0 wrote: post #174

Earlier quoted context omitted.

Exactly. For security reasons, you have no other option, even if it's rude.

That's ok, But the opposite should also be true. Don't scream 'disloyalty' when a employee wants to leave on a short notice.

There's likely a severance package, so pay will continue for a period (usually at least two weeks, often several weeks per year of seniority). Not that this blunts the message much.

And FWIW, I tend to agree with your comment regarding loyalty -- that ship sailed long ago, 1980s, possibly 1970s.

Re: Twitter announces layoffs

#278

Post by Geekette »

bigtunacan wrote: post #273
Geekette wrote: post #245

Earlier quoted context omitted.

A (what-if-the-news-broke-via-Twitter) translation: Fam, Shit got real, gotta drop, 336 deep. Mainly ingenieros. Don't get shook, all drops get $. Keep keeping on. Questions? Holla @ur boy. -J

Checked Twitter. You're 1 character over the limit. Funny nonetheless.

It's exact now. Meant to and thought I did drop the extra space.

Re: Twitter announces layoffs

#279

Post by patio11 »

oldmanjay wrote: post #267

The sheer vulture-like behavior of recruiters around this event is a sight to behold! Truly recruiting is the occupation for the shameless.

Speaking in personal capacity here rather than as CEO of a recruiting company: isn't after you've just been fired or near-fired the best possible time ever for a recruiter to try to give you a job offer? Most people need to work for a living. Getting people without jobs good jobs seems to be the socially most beneficial thing a recruiter could ever do.

What's the argument for waiting an hour? "I had a job for you but wanted to give you some time to process how you're unemployed and cast out as valueless?" Eff that. "You're awesome. Fault was with Twitter. Here's one of your numerous options. If you need a few weeks before start date we can totally do that but we're more than happy to fix your pressing issue today." seems objectively better.

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