Where does Twitter fit in Musk's multi-planet strategy?
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Twitter’s mass layoffs have begun
971–980 of 1001 posts
Re: Twitter’s mass layoffs have begun
#972[deleted]
Re: Twitter’s mass layoffs have begun
#973There's an asymmetry here where Twitter and other companies get blamed for layoffs, but didn't get praised for providing highly paid jobs that put their employees in the top 1%. Even Stripe just had layoffs and they are a much more productive, tighter run ship. Twitter cutting deeper than Stripe shouldn't be surprising. It's not a secret that they were overstaffed and are known for rest & vest. This goes way back. In…
> In 2014 there was a show called Silicon Valley ...
Yeah, we've heard of it.
> resonated for a reason
Mike Judge has a gift for exaggeration and humor. I'd be surprised if even one out of 100 so called 'slacker' rest and vest employees even resembled 1/10 of big head's cluelessness and "beach / roof" lifestyle.
Re: Twitter’s mass layoffs have begun
#974And so the grand experiment begins. I feel bad for the folks losing their job because that always sucks, and I hope there's a decent severance package. Now we'll see what happens to Twitter... I hardly use it, so if it implodes it won't bother me too much. But I am curious to see if all the "how do you need X people to do Y?" commenters are correct in this case. The app is simple but doing simple things at scale is h…
> Anyone want to make predictions about the state of Twitter in a few years? Myspace still exists in some form.
200 billion in value at least. Not kidding. You’re going to see a Twitter that’s has not innovated at all in 10 years start making changes at crazy speed. All social platform competitors will be attacked.
Re: Twitter’s mass layoffs have begun
#975Earlier quoted context omitted.
I don't really relate or sympathize with the Silicon Valley types, no. I don't do the yoga and $8 latte-shakes and the Kegerators and Ping-Ping tables; I come into an office I rent myself in a flyover state, do a full day of work, and then go home, usually after sundown, seven days a week, and I make a lot less than those kids in California do. So it doesn't really burn me up to see the less productive ones trimmed o…
>60 days severance. No it’s crazier than that they get paid for the next 90 days but are not allowed to work at Twitter. They’re in a paid but ‘non-working’ status. In addition they will be offered severance. This board is hilarious in thinking that the package musk is offering is in any way ‘cruel’.
Yeah, I saw the 90-day-thing-plus-severance in a later article. Assuming that's the one that's true… Jesus, that's a life-changing firing.
Re: Twitter’s mass layoffs have begun
#976Earlier quoted context omitted.
Agh, I WISH tech companies provided jobs that put employees in the top 1%. The truth is that in an era of gigantic wealth inequality, being in the top 1% of income doesn't mean shit. I may make good money, but when I can't even afford the shittiest studio apartment in town and I have no choice but to be a renter bitch, it doesn't make me feel rich at all.
> being in the top 1% of income doesn't mean shit I think the other 99% would disagree.
I looked it up and the top 1% of income is $823,000 a year. So I take back what I said, as it's clear that even the gleaming tech companies are NOT in fact handing out 1% salaries like candy.
Re: Twitter’s mass layoffs have begun
#977In my view no single medium (the media is the message) has done more to weaken the quality of public discourse in the world than Twitter. But maybe Facebook proves that even if you're allowed to use prose crazies dominate so maybe the issue is deeper
Have you not noticed tiktok? People are being trained to have the attention span of a gnat.
Sorry can you repeat that with some 80s music played 20% faster and pitched up a few semitones in the background.
Re: Twitter’s mass layoffs have begun
#978Just to add, Elon tweeted the following:
"Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day.
Everyone exited was offered 3 months of severance, which is 50% more than legally required"
Re: Twitter’s mass layoffs have begun
#979Looking at how Musk handles business and public comms makes me loose more and more respect for this guy with every passing second. It's all fun and games when you have a few hundred mills in the bank. Hopefully the people that left were prepared. Given his public behavior it was kind of expected. I'm not sure if people that stayed are now worse or better off.
The people that stayed at least have a job, but they likely have to pick up the slack for all those that left.
They are almost certainly just buying time to move.
Re: Twitter’s mass layoffs have begun
#980Musk and friends compare Twitter to other tech companies and see that it's ratio of employees to revenue is lowest. He therefore thinks he must halve the number employees and/or increase revenue to get this ratio up. From the chat log exhibits from the Twitter vs Musk case: https://danluu.com/elon-twitter-texts/#47 A VC (Jason Calacanis) does back of the envelope calculations: Twitter revenue per employee: $5B rev /…
So what you are saying is, these people are playing the game Who can extract the most money from your workers? How awefull