Musk’s inner circle worked through weekend to cement Twitter layoff plans

Post by smcl » Mon, Oct 31, 2022, 9:48 PM UTC

hyperpape wrote: post #345

dirheist wrote: post #274

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Those being laid off for cause are the 3 senior level executives (the old CEO, the lead counsel, and the content policy head). Those 3 had a 100+ million cumulative severance package which they are now no longer eligible to receive, although none of them are strapped for cash.

Matt Levine has a good explanation ( https://www.bloomberg.com/opinion/articles/2022-10-31/elon-m... ), which is that they receive a golden parachute for a simple reason. Their self-interest was to say "la-la-la, we can't hear you" when Musk comes trying to buy Twitter. That would've given them a chance to maintain high paid positions for years. Instead, they sold to him, knowing they'd probably be given the boot. No…

Post by phpisthebest » Mon, Oct 31, 2022, 9:50 PM UTC

ketzo wrote: post #565

phpisthebest wrote: post #433

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This is not the first time a twitter employee has implied a light work schedule. There were posts when the first Elon buyout rumor came around about twitter employee reporting remote work amounting to around 30 hours a week.. This just adds fuel to the fire that for the most part Twitter has a bunch of part time employee getting very high full time wages. Now there is a large segment of the population that believe 32…

> 1 hour of real work, couple hours of meetings showing your biases a little too much there, aren't you?

Post by rurp » Mon, Oct 31, 2022, 9:51 PM UTC

superfrank wrote: post #415

rurp wrote: post #378

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The alternative is to take a measured approach to learning about the business and org, in order to make informed decisions about how to restructure efficiently. But of course that takes time and effort. For somebody impetuous and self-indulgent, it's much more satisfying to go in swinging a machete on day one.

So is you issue not that he's laying off all these people, but just the speed that he's doing this? Or to put it another way, let's say that he took a year and really studied Twitter and then came to the same conclusion and did the same layoffs, would you have an issue with it then?

Post by prepend » Mon, Oct 31, 2022, 9:52 PM UTC

datalopers wrote: post #307

dirheist wrote: post #274

Earlier quoted context omitted.

Those being laid off for cause are the 3 senior level executives (the old CEO, the lead counsel, and the content policy head). Those 3 had a 100+ million cumulative severance package which they are now no longer eligible to receive, although none of them are strapped for cash.

> they are now no longer eligible to receive Musk doesn't meet the cause outlined in their employment contracts. They'll get their executive early termination severance but it'll require some legal action first.

Post by kcplate » Mon, Oct 31, 2022, 9:53 PM UTC

rjzzleep wrote: post #168

rglover wrote: post #167

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The pitfalls of extreme comfort. You have a place like the Bay Area with near perfect weather, obscene amounts of money, and at least until relatively recently, a social environment that lorded you as a "rockstar." You look at your bank account and think "yeah, I AM a Rockstar! I DO deserve this! Everybody wants to be ME!" Rinse and repeat that general attitude for ten years or so and blammo (which is even more explo…

Maybe throw in a landmark forum, after you failed your first startup. I've actually seen people walk past hundreds of homeless people in the mission as if they don't exist, only to sit down in a flat in the middle of them to tell your tech buddy (me) that they're changing the world with the next photo sharing app. I had a little dystopia vibe, but then again I grew up in Europe so what do I know.