491–500 of 1001 posts
According to the email, Musk expects subscriptions to make up to 50% of revenue. Assuming that Twitter’s revenue is around $5bn, and the subscription is at $8/month that’s some 26M subscriptions, or 5,7% of its users. I don’t think that a number so high is achievable, unless they pull a rabbit out of their hat.
I am split on the remote work thing from a productivity / creativity perspective. I do think there are times when I'm less productivity working from home compared to the office. I also think as a team we're less creative. Some of the best stuff I've done in my career has come out of casual conversations with my team about the stuff we're building. I've noticed I don't think about what I'm building as much when workin…
To go from zero to one on this, your company now needs to lease space, even if part-time. Your employees are now bound geographically.
At zero, things are dramatically simpler and easier. The only hard thing is - middle management has nowhere to hide with work from home. Performance has to be monitored accurately now, versus the straightforward bums-in-seats-looking-busy-for-eight-hours method.
Earlier quoted context omitted.
I think blindly firing employees with low code counts is an objectively bad decision that ignores a lot of nuance and likely lost a lot of great engineers to companies that will respect them.
Is there any evidence that people were fired based on LoC?
Everytime a new Commanding Officer (CO) showed up when I was in the Navy we tried to bet which type it was: 1) The kind who investigated the goings-on in the ship, interviewed the officers and chiefs, and learned how the ship was being run, then made small changes over time to optimize the operations based on what they learned. Sometimes big changes in one specific area, if it was required (like fixing the ship's cry…
A better analogy is Twitter is a sick and dying patient and drastic measures are needed to be taken to save it. Whether or not you agree with those measures, well you don't have $44b on the line. Of all of Elon's businesses, this one is probably the most in his wheelhouse. He's a web guy after all.
Everytime a new Commanding Officer (CO) showed up when I was in the Navy we tried to bet which type it was: 1) The kind who investigated the goings-on in the ship, interviewed the officers and chiefs, and learned how the ship was being run, then made small changes over time to optimize the operations based on what they learned. Sometimes big changes in one specific area, if it was required (like fixing the ship's cry…
A better analogy is Twitter is a sick and dying patient and drastic measures are needed to be taken to save it. Whether or not you agree with those measures, well you don't have $44b on the line. Of all of Elon's businesses, this one is probably the most in his wheelhouse. He's a web guy after all.
Twitter Will Allow Employees to Work at Home Forever (buzzfeednews.com)
2953 points by minimaxir on May 12, 2020 | hide | past | favorite | 1353 comments
Earlier quoted context omitted.
The difference here is the ship is not running smoothly at all according to the new commander. It is a change in course and I think it's pretty obvious Elon wants to get rid of the people who won't be on board with the new plan. This change is one more opportunity for those dissidents to leave and for those that stay to build a better team.
Your entire reasoning behind your comment indicates you don't understand this point I'm making about leadership. You're talking about a "new plan" as if we all agreed that Twitter was doing so badly that it needed a 180. You use "dissidents" and "better team" as if it's a fact that things are so bad and the team is so inept that Elon could do nothing but burn the place to the ground and make a phoenix from the ashes.…
Elon's got activist employees who're trying to bring him down personally and entire useless product divisions so the best thing to do is cut out the expensive rot - nothing ruins morale like having hostile and counterproductive teammates dragging you down.
The part of the company takes takes tweets, stores tweets, and displays tweets seems to be working fairly well. The rest is on the rocks or was headed for them full steam.
Earlier quoted context omitted.
Friday afternoon: 100% of Twitter's staff are competing with each other to find a new job.
370k software engineer jobs listed on linkedin right now. So each person laid off from these companies gets to choose between 10 open roles at other companies. And that's just what's listed on linkedin; most jobs aren't.
I'm making close to the low end of an entry level software engineer at Twitter according to levels.fyi, and I'm making above average for senior software engineers in my region, based on recruiter/job posting salary ranges and posted salaries on these websites. Haven't gotten a regional recruiter offering anything competitive in the past year since I started this job.
Also the unlisted jobs paying anywhere near Twitter level compensation is probably close to 0%, so no need to add them to the mix.
Let's say you run a company and you want to reduce staff. Let's also say you want to make an unpopular decision (or multiple unpopular decisions) that you know will drive a certain percentage of your staff to leave the company. Wouldn't it make the most sense to announce those decisions before making layoffs? Let people self select whether they want to stay and work for you and then make your layoffs after to ensure…
Jason: Back of the envelope... Twitter revenue per employee: $5B rev / 8k employees = $625K rev per employee in 2021 Google revenue per employee: $257B rev2/ 135K employee2= $1.9M per employee in 2021 Apple revenue per employee: $365B rev / 154k employees= $2.37M per employee in fiscal 2021 Jason: Twitter revenue per employee if 3k instead of 8k: $5B rev/ 3k employees= $1.66m rev per employee in 2021 (more industry s…