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Musk’s inner circle worked through weekend to cement Twitter layoff plans

washingtonpost.com

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Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#131

Post by jupp0r »

makestuff wrote: post #62
jdm2212 wrote: post #22

Earlier quoted context omitted.

Unless the sales people are bringing in more than that in sales.

I have a friend who works in sales at a tech company and since all of this accounts are long term customers he really doesn't do much. They like the service so it is basically an auto-renewal. So I guess Elon thinks that advertisers will just auto renew because they like the ROI they get from their spend on twitter. However, what he fails to realize is the media buyers love to be wined and dined with fancy dinners. I…

Isn't this the definition of corruption?

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#132

Post by robin_reala »

gitfan86 wrote: post #80
jdm2212 wrote: post #36

Earlier quoted context omitted.

For salaried, at-will employment, the employer can demand whatever they want and fire you for whatever reason they want. There are exceptions for, like, sexual harassment and racial discrimination, but not for "I disagree with the boss about what is a realistic project timeline".

The nice thing is that this goes both ways. If you are an at-will employee you can send an email that says "I resign effective immediately" and walk away and never speak to anyone at that company ever again.

Who’s hurt more: the company whose employee leaves on the spot, or the employee whose company fires them on the spot? At-will is asymmetric.

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#133

Post by legitster »

photochemsyn wrote: post #93

The Washington Post really has lost a lot of credibility since the Bezos purchase in 2013. It reflects a trend of consolidation of corporate media in the hands of America's ruling oligarchs (who exert far more influence over federal policies and expenditures than any Congressperson, and perhaps the President as well). For example, I can't imagine the WaPo taking this same tone with regard to a Bezos acquisition or co…

> I can't imagine the WaPo taking this same tone with regard to a Bezos acquisition or contract

Uhhh... you must not ever read WaPo. They run critical coverage of Bezos and Amazon all of the time.

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#134

Post by fknorangesite »

luckylion wrote: post #108
rjzzleep wrote: post #66

Earlier quoted context omitted.

I'm all for the European don't work unpaid overtime, but what I don't get is the sense of entitlement these people had, when they were threatening to leave in advance and then decided they'd rather just stay in their cushy jobs in the hopes that Musk would change his mind. "WE WILL SHOW YOU ELON" - Show what exactly? That billing and other completely standard cookiecutter SaaS features can't be implemented by other e…

> The acquirer, his attitude towards workers "Workers" is strange to me when talking about people who make 5-10x the national average (i.e. make more than many average executives in other industries). They're employees, but "workers" implies blue collar in my opinion. I'm fine with including staff in retail, restaurants etc, but someone making $500k+ a year doesn't fit into that category.

> They're employees, but "workers" implies blue collar in my opinion.

You are (understandably) conflating "worker" with "working class", but these are different contexts. A worker is anyone who must, well, work for a living as opposed to their income coming from property/capital.

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#135

Post by georgeg23 »

yrgulation wrote: post #74
PragmaticPulp wrote: post #14

> Another person familiar with the deal who spoke on the condition of anonymity to discuss sensitive matters last week said the total number of layoffs is likely to be closer to 50 percent. Unless I’m missing something, the only sources for this article are a mix of speculation and anonymous sources who can’t even agree with each other about the layoff.

This is mainly media workers exploiting current events for traffic, even if their content is misleading. We really need to sort out media corruption and incompetence.

Do Twitter employees have a safe place to discuss this?

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#136

Post by dmix »

hotpotamus wrote: post #105
Alex3917 wrote: post #25

> Longtime Musk associates David Sacks and Jason Calacanis appeared in a company directory over the weekend, according to photos obtained by The Washington Post. Both had official company emails and their titles were "staff software engineer." Do either of these guys even know how to program? Calacanis has been making tech content for decades, and I've never once heard him talk about writing code.

Twitter probably didn't have a pre-existing title for "Member of the Musk Entourage" so they just found what they considered the next closest thing.

It's an obvious meaningless formality, not sure why it's news.

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#137

Post by AlexandrB »

georgeg23 wrote: post #86
tootie wrote: post #42

Earlier quoted context omitted.

I saw this Tweet by a director-level person at Twitter: https://twitter.com/iamharaldur/status/1585813324285239296 Seems Elon is keeping his machinations to himself.

It seems he barged in, went through internal chats to look for evidence to scuttle the deal or change the terms. https://mobile.twitter.com/elonmusk/status/15868858873416458...

Would anything let him change the deal at this point? Even if Twitter was hiding their bot problem Elon's initial offer waived his ability to do due diligence on this, no?

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#139

Post by photochemsyn »

Rahul_Ligma wrote: post #110
photochemsyn wrote: post #93

The Washington Post really has lost a lot of credibility since the Bezos purchase in 2013. It reflects a trend of consolidation of corporate media in the hands of America's ruling oligarchs (who exert far more influence over federal policies and expenditures than any Congressperson, and perhaps the President as well). For example, I can't imagine the WaPo taking this same tone with regard to a Bezos acquisition or co…

I think it would behoove you, given how easily they bent over for Bezos and have silenced opposition against him, to reflect back on the last two decades and compare various outlets (including the ones you don’t like because they don’t align with your political stance) and see just for how long they’ve been corrupted. They didn’t wake up in 2013 and suddenly decide they won’t have any integrity.

It's not that they don't align with my political stance, it's that they don't do their job of providing broad-spectrum information on the actions of governments and corporations. To emphasize, Top Secret America was an outstanding expose of the military-intelligence contracting system, but that was before Bezos got his ~600 million CIA web services contract, and soon after that he spent what, ~$250 million to buy the Post, after which that kind of investigative journalism was eliminated.

However, your point is pretty valid - back in 2002, the WaPo regurgitated US government talking points on (non-existent) Iraq WMDs without bothering to do any investigative pushback.

https://www.washingtonpost.com/archive/politics/2002/10/11/c...

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#140

Post by avrionov »

lefstathiou wrote: post #116
brtkdotse wrote: post #24

Earlier quoted context omitted.

It’s not the severance that’s the issue, it that a bunch of RSUs vest tomorrow.

I need to read into this more… My understanding is that this was a take private so all stock was acquired already (ie vested options get paid and unvested get terminated at Close). This is exactly what would happen if you acquired our company. It’s not like a purchaser would have the honor long term vesting schedules. They bought everything already that was available to be sold. Those who didn’t vest were dragged alo…

Usually, the RSUs are converted to cash and the RSUs schedule is kept the same. The workers which remain int he company receive cash on the same schedule.Hence Letting some people go before the RSU date saves money.
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