Earlier quoted context omitted.
Because there is something distasteful about a man that rich firing loads of people. There is something almost medieval about it. He's basically a modern day king. I've never understood the complete lack of empathy displayed by so many people on HN. It's worse than Reddit. "He bought the man, it is his property now. He can do with him as he wishes" - legal ownership can still be wrong.
Twitter has lost money nearly every year since it’s been public, and was losing $4 million a day when Elon took over. If jobs don’t generate money they can’t exist in the free market, and the real shock is that the previous board of directors didn’t initiate layoffs sooner.
https://www.statista.com/statistics/299119/twitter-net-incom...
And the $4 million/day is from the debt incurred by Elon's purchase.