Getting laid off and having your RSUs vest at 2021 prices is the best deal this year.
But I think Elon's goal is to screw the employees out of their next grant
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
#42From the linked article: > The company has yet to release a formal announcement of the acquisition. The communications department has gone silent. Rumors have swirled about layoffs, with some notices going out quietly. Is it just me or is this headline totally misleading? No formal announcement yet folks.
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.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#43> 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?
Usually salespeoples' pay is highly incentivized: I doubt the base salary of those salespeople is $300k. Those $300k people are probably bringing in millions of dollars of revenue apiece. Firing them will reduce operating expenses some, but drastically reduce income as well, unless they're replaced with something else.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#44Twitter is already improved IMHO: The "sign in or sign up" nag screen is gone for me!
Thank god, I stopped clicking twitter links due to this crap
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#45I see what team Bezos is trying to do with these unoffical leaks/details :)
Somehow I think they will be specially focusing on twitter more
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#46Evidently Musk had Tweeps work all weekend on the new Verified feature lest they get fired, and some were fired "for cause" anyway. https://twitter.com/GergelyOrosz/status/1587029446061686784
How is it legal to demand people work on weekends? How is it legal to (even threaten) firing if a new assigned task that takes a long time is not done on time?
No post body was provided.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#47Seems 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
I don't know how much anyone can trust anything coming out of Elon's twitter feed, tbh. He tried to squirm out of this deal with some pretty spurious claims. Now he's using the same spurious claim tactic to continue to try and squirm out of his failure to manage his bad acquisition.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#48Earlier quoted context omitted.
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.
So I I kill someone and go to jail for it I was following the law?
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#49Seems 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
With all these layoffs, Hopefully he brings back the fail whale.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#50> 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.
Forgive my ignorance, what are they selling? Is it to bigger advertising clients? Or maybe Twitter has some commercial services I'm not aware of.