Twitter is already improved IMHO: The "sign in or sign up" nag screen is gone for me!
This is a nice change, I refused to click on any twitter links before. Feels weird scrolling twitter without the terrible log in CTA every action.
Musk’s inner circle worked through weekend to cement Twitter layoff plans
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Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#352Earlier quoted context omitted.
You read it backwards. He claimed 10-1 managers-to-devs.
"manager" can be subjective. You could claim a non-junior dev with a couple junior dev reporting to them and being mentored is a "manager".
That’s not subjective. That is a manager. If someone reports to you and you are responsible for them, you’re their manager, regardless of job title. Subjective is if he’s counting program/product managers, account managers, etc.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#353Interesting that David Sacks and Jason Calacanis are "Staff software engineers" - assuming that's accurate. To my knowledge, neither have worked as professional software engineers. Calacanis is a journalist turned entrepreneur/investor and Sacks is a former management consultant who became a C-suite during the dotcom boom who later became an entrepreneur/investor.
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Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#354An interesting clue in here. He tweeted internal data claiming it showed that the board lied during his court case.
My guess is he plans to sue the board and the (now ex) CEO using the internal data to at least get back all the money they get (or more).
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#355Earlier quoted context omitted.
I'm constantly shocked that "leveraged buyouts" are a thing. It seems like taking a business and loading it up with debt is a recipe for failure that would introduce a lot of risk for the lender, but banks and other capital holders continue issuing the debt.
It's not intended for the business to continue operating after a leveraged buyout. Leveraged buyouts are typically used where the company has assets that aren't "productive" or is made up of more-or-less independent units that are worth more separate than together. In these cases, cutting expenses by firing people is usually the first step, since the business' revenue stream can usually continue on autopilot for a wh…
Why do you expect no-longer-a-public-company Twitter to report anything next quarter, or to have a “share price” that you have access to?
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#356Interesting that David Sacks and Jason Calacanis are "Staff software engineers" - assuming that's accurate. To my knowledge, neither have worked as professional software engineers. Calacanis is a journalist turned entrepreneur/investor and Sacks is a former management consultant who became a C-suite during the dotcom boom who later became an entrepreneur/investor.
It’s a shame that Twitter is no longer public because I can’t imagine something more profitable than shorting a company than Jason Calacanis is an executive of.
Why?
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#3576 months ago it was all painted (maybe seemingly, though, by prior executives who weren't speaking for Musk) as if this wouldn't be a big deal for employees, which to me makes this idea that people are being rapidly fired "for cause" after a suddenly-imposed weekend work shift deadline extra shitty :/. (Even if I do sometimes claim that Twitter is incompetent as an organization or bloated with idle staff, these are h…
Firing 25% of the workforce "for cause" looks like a very hard sell to me, and would open up Twitter for a barrage of lawsuits - and rightly so. Even laying off 25% of the workers would be hard to justify at this point. I'm certainly curious where this all is going.
Even California still has at-will employment. He doesn’t need cause, or anyone else to agree on what that cause is.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#358Earlier quoted context omitted.
I'm constantly shocked that "leveraged buyouts" are a thing. It seems like taking a business and loading it up with debt is a recipe for failure that would introduce a lot of risk for the lender, but banks and other capital holders continue issuing the debt.
It's not intended for the business to continue operating after a leveraged buyout. Leveraged buyouts are typically used where the company has assets that aren't "productive" or is made up of more-or-less independent units that are worth more separate than together. In these cases, cutting expenses by firing people is usually the first step, since the business' revenue stream can usually continue on autopilot for a wh…
There is no share price: all of twitter is private.
Maybe if the company is taxated?
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#3596 months ago it was all painted (maybe seemingly, though, by prior executives who weren't speaking for Musk) as if this wouldn't be a big deal for employees, which to me makes this idea that people are being rapidly fired "for cause" after a suddenly-imposed weekend work shift deadline extra shitty :/. (Even if I do sometimes claim that Twitter is incompetent as an organization or bloated with idle staff, these are h…
Those being laid off for cause are the 3 senior level executives (the old CEO, the lead counsel, and the content policy head). Those 3 had a 100+ million cumulative severance package which they are now no longer eligible to receive, although none of them are strapped for cash.
"which they are now no longer eligible to receive" I would 100% assume that they will sue