Twitter is already improved IMHO: The "sign in or sign up" nag screen is gone for me!
Musk’s inner circle worked through weekend to cement Twitter layoff plans
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Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#22> a quarter of the staff totaling more than 7,000 > After engineers, some of Twitter’s highest paid employees work in sales, where several earn more than $300,000 that should reduce operating expenses significantly, several hundreds of millions dollars?
Unless the sales people are bringing in more than that in sales.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#23It seems that Elon thinks that there are too many managers (per coder) there
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#24Did Twitter file a California WARN notice? If not, they need to do so and give 60 day notice to workers in California. So, don't accept anything that doesn't preserve your rights to your Tuesday equity grant. Details here: https://edd.ca.gov/en/Jobs_and_Training/Layoff_Services_WARN Key Provision: "Layoff of 50 or more employees within a 30-day period regardless of % of workforce. ...." Penalties for Violation: "A po…
Doesn't seem like an insurmountable obstacle. From some Googling: "Employers who fail to provide notification must provide their laid-off employees with back pay and benefits for the period of the violation (which means the amount of time by which their advance notice fell short of 60 days)." The value of ripping off the Band-Aid could easily be worth two months of severance in his mind.
It’s not the severance that’s the issue, it that a bunch of RSUs vest tomorrow.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#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.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#26Did Twitter file a California WARN notice? If not, they need to do so and give 60 day notice to workers in California. So, don't accept anything that doesn't preserve your rights to your Tuesday equity grant. Details here: https://edd.ca.gov/en/Jobs_and_Training/Layoff_Services_WARN Key Provision: "Layoff of 50 or more employees within a 30-day period regardless of % of workforce. ...." Penalties for Violation: "A po…
The layoffs, if any, haven’t even been announced yet and the only sources in the article are anonymous sources who can’t agree with each other about the supposed impending layoff.
I don’t see any reason to suspect they’re going to somehow violate the law and cost themselves additional fines if or when they do it. This is just about speculation about what Musk will eventually do.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#27Earlier quoted context omitted.
Why is the headline misleading? You don't need a formal announcement for something to be news. Particularly since the formal announcement being referred to there is just the announcement that Twitter was acquired by Musk.
Sorry if I wasn't clear, I was referring to the HN title of this post: "Twitter to lay off 25% of workforce in first round of job cuts" I opened the article thinking this was a formal announcement. But it's nothing of the sort. It's just speculation at this stage. Hope that clears things up.
But it's not speculation:
> ...according to four people familiar with the discussions who spoke on the condition of anonymity to describe them, as well as tweets from some of the people involved.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#28Did Twitter file a California WARN notice? If not, they need to do so and give 60 day notice to workers in California. So, don't accept anything that doesn't preserve your rights to your Tuesday equity grant. Details here: https://edd.ca.gov/en/Jobs_and_Training/Layoff_Services_WARN Key Provision: "Layoff of 50 or more employees within a 30-day period regardless of % of workforce. ...." Penalties for Violation: "A po…
Considering breaking the law is one of Musk's seemingly favorite hobbies, I wouldn't be so sure on a WARN notice. The punishments for non-compliance isn't very much.
He's following the law if he pays the penalty.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#29Seems to be a lot of work at twitter I doubt there will be many devs removed.
However he tweeted that there are 10 people managing for every one dev. https://twitter.com/elonmusk/status/1586686935518498816
Also Layoffs before vesting denied. https://twitter.com/elonmusk/status/1586831721386766337
Bring back Vine? https://twitter.com/elonmusk/status/1586918804780630016
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#30Getting laid off and having your RSUs vest at 2021 prices is the best deal this year.