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100s of Twitter employees leaving after Musk's 'extremely hardcore' work demands

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Re: 100s of Twitter employees leaving after Musk's 'extremely hardcore' work demands

#11
post #4

Kylie Robison (Tech reporter for @FortuneMagazine): What I’m hearing from Twitter employees; It looks like roughly 75% of the remaining 3,700ish Twitter employees have not opted to stay after the “hardcore” email. https://twitter.com/kyliebytes/status/1593391167718113280

That brings it down to under 1000 employees

So Elon paid $44B for a company now with 900-odd employees. For a 10-year ROI, that's $4.4B per year profit, or $440 million/per employee

For contrast, Netflix has the highest revenue per employee at $2.63 million/person, and Apple is second at $2.38 million, and Alphabet & Meta next at $1.64, and eBay at $0.9 million per employee.

So, he'll need to get 200x the profitability per employee, just to get a total profit equal to his investment in 10 years.

To get a company valuation back to his purchase price, at a 20X multiple, he needs to make those employees as profitable per employee as Apple. In a business that has never been consistently profitable, has not much of a moat, and in which he'd panicked almost all of his advertisers, the primary customers.

Good luck with that

Re: 100s of Twitter employees leaving after Musk's 'extremely hardcore' work demands

#12
I think there are going to be two levels of shock:

1) Never give people an ultimatum. It basically never works in your favor. That was such a dumb thing by Elon and his team. I don't think Elon expected the numbers to be so high.

2) Workers often overestimate their own worth within a company or how easily they can be replaced. It's likely that all the people leaving saying Twitter is going to majorly break soon won't be correct, as I doubt the core engineers are the ones posting Emojis in the Slack channels.

Re: 100s of Twitter employees leaving after Musk's 'extremely hardcore' work demands

#13
post #7

Is it my imagination or is it actually breaking down right now? I'm not seeing any new tweets! edit: no, still going, but maybe the notifications are slow. As an SRE, I somehow feel obliged to watch it break.

They're stuck.

https://twitter.com/anothercohen/status/1593404311832338442

https://twitter.com/TweetOfSteiner/status/159340755912531148...

Re: 100s of Twitter employees leaving after Musk's 'extremely hardcore' work demands

#15

[flagged]

And with any luck this charade will clue the previously clueless into this man's irrational, unstable nature, permanently removing the veneer of credibility and "coolness" that has been instrumental in his success thus far.

Re: 100s of Twitter employees leaving after Musk's 'extremely hardcore' work demands

#16

I think there are going to be two levels of shock: 1) Never give people an ultimatum. It basically never works in your favor. That was such a dumb thing by Elon and his team. I don't think Elon expected the numbers to be so high. 2) Workers often overestimate their own worth within a company or how easily they can be replaced. It's likely that all the people leaving saying Twitter is going to majorly break soon won't…

https://mobile.twitter.com/nitashatiku/status/15933997046366...

!!! “I know of six critical systems (like ‘serving tweets’ levels of critical) which no longer have any engineers," "There is no longer even a skeleton crew manning the system. It will continue to coast until it runs into something, and then it will stop.”

Could be fake, but assuming true, can Elon take it back? Is a webform like legally binding for severance? Elon did say he could run it with 150 engineers do even if 90% are gone, that leaves 700 thereabouts.

Re: 100s of Twitter employees leaving after Musk's 'extremely hardcore' work demands

#17
post #8
post #5

someone on blind is saying there are fewer than 300 employees left

I doubt it come on. this is all fun but he can actually have reduced in force that much

The article states keeping employment was opt-in. As in, agree to working more than 9-5 and click the link below, if you do not, you are laid off.

Re: 100s of Twitter employees leaving after Musk's 'extremely hardcore' work demands

#18
post #11
post #4

Kylie Robison (Tech reporter for @FortuneMagazine): What I’m hearing from Twitter employees; It looks like roughly 75% of the remaining 3,700ish Twitter employees have not opted to stay after the “hardcore” email. https://twitter.com/kyliebytes/status/1593391167718113280

That brings it down to under 1000 employees So Elon paid $44B for a company now with 900-odd employees. For a 10-year ROI, that's $4.4B per year profit, or $440 million/per employee For contrast, Netflix has the highest revenue per employee at $2.63 million/person, and Apple is second at $2.38 million, and Alphabet & Meta next at $1.64, and eBay at $0.9 million per employee. So, he'll need to get 200x the profitabili…

The ones who stay are going to work nights and weekends, though.

Re: 100s of Twitter employees leaving after Musk's 'extremely hardcore' work demands

#19
post #13
post #7

Is it my imagination or is it actually breaking down right now? I'm not seeing any new tweets! edit: no, still going, but maybe the notifications are slow. As an SRE, I somehow feel obliged to watch it break.

They're stuck. https://twitter.com/anothercohen/status/1593404311832338442 https://twitter.com/TweetOfSteiner/status/159340755912531148...

The first tweet you linked to is a parody account

Re: 100s of Twitter employees leaving after Musk's 'extremely hardcore' work demands

#20
post #13
post #7

Is it my imagination or is it actually breaking down right now? I'm not seeing any new tweets! edit: no, still going, but maybe the notifications are slow. As an SRE, I somehow feel obliged to watch it break.

They're stuck. https://twitter.com/anothercohen/status/1593404311832338442 https://twitter.com/TweetOfSteiner/status/159340755912531148...

Pretty sure those are satire posts
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