Live data from Hacker News

Twitter just announced it’s cutting holiday pay for its remaining contractors

twitter.com

1–10 of 15 posts

Re: Twitter just announced it’s cutting holiday pay for its remaining contractors

#5

What do these people think “cost cutting” means? Every time something totally expected happens they make the shocked pikachu face.

There is an irony in the world's richest man being a penny pincher with those less well-off than himself.

Re: Twitter just announced it’s cutting holiday pay for its remaining contractors

#6
post #5

What do these people think “cost cutting” means? Every time something totally expected happens they make the shocked pikachu face.

There is an irony in the world's richest man being a penny pincher with those less well-off than himself.

As the saying goes, the rich didn't get there by spending money.

Re: Twitter just announced it’s cutting holiday pay for its remaining contractors

#7
post #5

What do these people think “cost cutting” means? Every time something totally expected happens they make the shocked pikachu face.

There is an irony in the world's richest man being a penny pincher with those less well-off than himself.

Is the worlds richest man expected to support a company’s billion dollar burn rate out of pocket?

Everyone has been aware for months that the business would get gutted. The business remains at risk of bankruptcy.

These are employees and contractors, they are not a charity case.

And to also assume they are “less well off” is to suggest that they are somehow poor, disabled, or lack the personal agency to find a new role rather than stay with a company that has been open about downsizing. They’re not Elon’s dependents.

If we’re going to go down that road we might as well count how many janitors HP fired today, and how the CEO should have personally kept them on salary.

Re: Twitter just announced it’s cutting holiday pay for its remaining contractors

#8
post #5

Earlier quoted context omitted.

There is an irony in the world's richest man being a penny pincher with those less well-off than himself.

Is the worlds richest man expected to support a company’s billion dollar burn rate out of pocket? Everyone has been aware for months that the business would get gutted. The business remains at risk of bankruptcy. These are employees and contractors, they are not a charity case. And to also assume they are “less well off” is to suggest that they are somehow poor, disabled, or lack the personal agency to find a new rol…

The business is at risk of banruptcy due to the leveraged buyout which took on debt at eye watering interest rates (over 11%): https://news.bloomberglaw.com/banking-law/twitter-musk-deal-...

Excluding the recent settlement payments, Twitter has been profitable for years prior to the buyout.

Re: Twitter just announced it’s cutting holiday pay for its remaining contractors

#10
post #5

What do these people think “cost cutting” means? Every time something totally expected happens they make the shocked pikachu face.

There is an irony in the world's richest man being a penny pincher with those less well-off than himself.

No post body was provided.
Post reply on HN