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Twitter’s mass layoffs have begun

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Re: Twitter’s mass layoffs have begun

#241

Post by mozman »

mattbrewsbytes wrote: post #18

What a contrast in leadership when you compare the way Twitter is doing this (rumor is right before bonus/stock vesting and cold impersonal email) and how Stripe is conducting their layoffs (empathy, 14 weeks severance, bonus payouts, etc.) Which company is going to have an easier time hiring after the dust settles and they have a growth stage again?

What if twitter were so bloated they were effectively providing corporate welfare?

Truth is we don’t know. I see it as someone is finally taking action to turn Twitter around. They’ve been floundering for years.

Re: Twitter’s mass layoffs have begun

#242

Post by thedorkknight »

jameshart wrote: post #233
seydor wrote: post #203

Quoted post unavailable.

Twitter is hundreds of millions of authenticated messages a day, delivered with an expectation of instantaneousness and simultaneity, to hundreds of millions of clients. There are images and video embeds and URL previews on tweets. There are fraudulent and abusive users who are trying to spam the user base. There are users whose threat model includes ‘will be attacked by the concerted cyber-offensive capabilities of…

>Twitter is hundreds of millions of authenticated messages a day

Twitter is -currently- hundreds of millions of messages daily. Whether or not it stays that high, we'll see...

Re: Twitter’s mass layoffs have begun

#243

Post by matwood »

mattbrewsbytes wrote: post #18

What a contrast in leadership when you compare the way Twitter is doing this (rumor is right before bonus/stock vesting and cold impersonal email) and how Stripe is conducting their layoffs (empathy, 14 weeks severance, bonus payouts, etc.) Which company is going to have an easier time hiring after the dust settles and they have a growth stage again?

We don't know details yet, so it's hard to contrast anything. The pre stock vesting rumor was before 11/1. That date has passed.

It's also interesting that nearly every tech person I read thought Twitter was over-staffed prior to Musk taking over. Now he's doing something about it, and people are pearl clutching.

Re: Twitter’s mass layoffs have begun

#244

Post by blibble »

tomp wrote: post #122
redwood wrote: post #9

In my view no single medium (the media is the message) has done more to weaken the quality of public discourse in the world than Twitter. But maybe Facebook proves that even if you're allowed to use prose crazies dominate so maybe the issue is deeper

Really? On which other platform can you directly communicate (or at least listen to, unfiltered) to the worlds dictators, political leaders, and billionaires?

in the vast majority of cases it's going to be their PR team, not them

Re: Twitter’s mass layoffs have begun

#245

Post by irae »

The specific team the article mentions, the "inventing and building ethical AI [stuff]" seems like a very reasonable choice for layoff. This is a company in debit, and as such I see no good reason for them to have a long term, unknown timeline, unknown outcomes and (likely) expensive team. Especially considering how much AI critics accuse AI of being racist, sexist and all sorts of impossible to judge human behavior without bias.

Re: Twitter’s mass layoffs have begun

#246

Post by dragontamer »

PM_me_your_math wrote: post #186
mattbrewsbytes wrote: post #18

What a contrast in leadership when you compare the way Twitter is doing this (rumor is right before bonus/stock vesting and cold impersonal email) and how Stripe is conducting their layoffs (empathy, 14 weeks severance, bonus payouts, etc.) Which company is going to have an easier time hiring after the dust settles and they have a growth stage again?

Has stripe lost billions of dollars for 8 out of the last 10 years?

Rookie numbers.

The new owner of Twitter took on $13 Billion in debt, which probably costs $1.3 Billion+ in interest payments alone.

Twitter has gone from a hundred-million loss / year into a Billion+ per year loss in the past week, because of the decisions related to this buyout.

That is the problem. $200 million loss per year is manageable. $1500 million loss/year is not.

Re: Twitter’s mass layoffs have begun

#247

Post by i_like_apis »

What a bunch of ridiculous whining here.

They are laying off a large portion of workers who have previously expressed being hostile to the new leadership. There is bloat, laziness, aimlessness, and the company is being taken in a radically new direction. It’s pretty tactful so far, as far as I am concerned. We haven’t even seen the severance.

You have nothing to complain about. First priority is to protect Twitter systems, so locking everyone out temporarily (or as the case may be, permanently) makes a lot of sense.

Re: Twitter’s mass layoffs have begun

#248

Post by recuter »

mattbrewsbytes wrote: post #18

What a contrast in leadership when you compare the way Twitter is doing this (rumor is right before bonus/stock vesting and cold impersonal email) and how Stripe is conducting their layoffs (empathy, 14 weeks severance, bonus payouts, etc.) Which company is going to have an easier time hiring after the dust settles and they have a growth stage again?

I suppose it depends whether you view a company as kindergarten for adults or a place of business.

Is there such a thing as a warm personable firing email? You think HR drones are your buddies whose role is to make you feel good? Egads.

Re: Twitter’s mass layoffs have begun

#250

Post by mlatu »

pavlov wrote: post #68

In four years Musk will be bored to death with Twitter and will sell it to private equity and the Saudis for $5 billion. At that point it will be mostly a platform for porn creators and crypto pumping, the only two verticals where Twitter seems to be actually growing lately.

didnt elon get a loan from a saudi crownprince and paying interest of around a billion$ per year?
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