I used to be a big Musk fan. But the longer it gets, the more i start to dislike him. He starts turning into a Mad King
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
#482Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#483Earlier quoted context omitted.
It's usually unemployment insurance and it's provided by the state (literally, it'll be the state the employee resides in - here's California's: https://edd.ca.gov ). There ARE "insurance" products that will "defer your credit/mortgage payments in case of a job loss" - they are almost all universally some form of scam (or at least a very bad "insurance").
I think it’s the state of the employer but I’m not sure. After all that’s who is paying into the fund. At least that’s what I remember when I looked into it when I was living in a different state than my employer and things were looking precarious.
I'm out of state compared to my employer and they had to establish a "nexus" or something because I am here, which required them to do something like register as a business and withhold state tax; I assume they're paying into some sort of unemployment in my state for me. All of those things became much more important when Covid hit, but cross-border employment has been big in Chicago, New York, Minneapolis, etc for a long-time, so it's a solved problem (by someone).
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#484Earlier quoted context omitted.
This is how high quality journalism works. There's actually quite an involved skill to reading and fully understanding this kind of writing - and it's infuriatingly difficult to pick up that skill (I've been developing it by spending time talking to professional journalists, but I'm still not there yet). When you read "another person familiar with the deal who spoke on the condition of anonymity to discuss sensitive…
On the flip side, I believe everyone understands what you wrote. But it requires faith that the author and editors are writing in good faith, which has been decreasing for a long time. Click bait headlines, stories with weak fact checking or even printing outright lies has decreased (at least my) trust in news articles and has resulted in me questioning facts and anonymous quotes more frequently(which may be a good t…
Also, fairly reputable sources that produce mostly good quality journalism will slip in misinformation or hit pieces at the behest of political and corporate entities.
Examples are the New York Times writing a hit piece against Tesla, where it turned out they had driven the car in circles in a parking lot for hours to get the battery to run out, but didn't think that Tesla might be able to get data on what they did. Turns out the author of the article works for the oil industry. The NYT also regularly publishes as fact things told to them by the Pentagon and three letter agencies, rather than calling the information alleged.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#485> 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 how high quality journalism works. There's actually quite an involved skill to reading and fully understanding this kind of writing - and it's infuriatingly difficult to pick up that skill (I've been developing it by spending time talking to professional journalists, but I'm still not there yet). When you read "another person familiar with the deal who spoke on the condition of anonymity to discuss sensitive…
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Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#486Earlier quoted context omitted.
Anecdotally, any business with a sign in their front window is not a business which can replace a full time job, let alone employment by Twitter.
I've seen signs for commercial truck drivers around town in front windows, starting $80k and "local deliveries only". For certain types of jobs it's still the most effective method out there.
There's no law that says the number they give on the sign is the exact number you get on your offer letter and not some "work for us for X amount of time and get Y amount of pay increase over that time" that may (or may not) eventually reach 80k
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#487Earlier quoted context omitted.
Taking a company private via LBO, firing a quarter of the staff so you can afford the debt payments, and then streamlining and flipping the profitable parts of the business is the classic corporate raid playbook. So far he's done the LBO part, and is apparently doing the layoff part. Of course, he's the richest person in the world and his finance partners are well connected Saudis, so there are obviously many plausib…
> Of course, he's the richest person in the world and his finance partners are well connected Saudis, Care to point to your sources or are you just spreading misinformation? Saudis are second largest shareholder in Twitter but their share is relatively slim. Also, just because Saudis bought the same thing I bought does not immediately mean they are my finance partners even if it somehow helped my goal.
CTL+F "Saudi" https://www.tesla.com/blog/update-taking-tesla-private
Saudi finance partners were the reason he tweeted 'Funding Secured' in relation to Tesla. That's Tesla, not Twitter, but does show he has partnerships with the 'well connected Saudis'
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#488Simply no other options really if you borrow billions of dollars to buy Twitter than to do this.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#489Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#490Earlier quoted context omitted.
This is how high quality journalism works. There's actually quite an involved skill to reading and fully understanding this kind of writing - and it's infuriatingly difficult to pick up that skill (I've been developing it by spending time talking to professional journalists, but I'm still not there yet). When you read "another person familiar with the deal who spoke on the condition of anonymity to discuss sensitive…
On the flip side, I believe everyone understands what you wrote. But it requires faith that the author and editors are writing in good faith, which has been decreasing for a long time. Click bait headlines, stories with weak fact checking or even printing outright lies has decreased (at least my) trust in news articles and has resulted in me questioning facts and anonymous quotes more frequently(which may be a good t…
major news outlets like wapo have a lot of issues, like so many issues, but making up sources is not one of them.