601–610 of 852 posts
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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.
It would be funny if the cause was "selling Twitter to Musk". :)
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This seems shortsighted. It's optimizing for what's easy to measure (sign ups) over what's hard to measure (brand, customer satisfaction, word of mouth).
Sign ups were directly correlated to revenue, at least in my case, and likely most others, such as in @joegahona's comment about publishing. That is to say, the customer satisfaction decrease in popups did not decrease revenue, and that is assuming there even was a satisfaction decrease at all; again, most technical users vastly overestimate how many people actually care about popups, most non-tech people simply clic…
This is likely true, but only if there's an X. Facebook's growing sign-in box as you scroll down is not easily clicked away from.
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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…
The weather is not perfect in the Bay Area. The perfect weather is 300 miles south in Santa Barbara.
Of course Santa Barbara is nicer, but the bay is nicer than most of the world. Maybe 75%.
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> 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.
What cause is outlined in their employment contracts? Do they even have employment contracts?
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Taylor Leese is a respected Twitter engineering manager who tweeted on Sunday that he was no longer working at Twitter. While it's remotely conceivable that he quit, it's much more likely he was fired. I had reports from friends who worked there that they were asked to stay available over the weekend, presumably for situations like this, or requests from the "war room" group that has been setup.
What is an engineering manager as it relates to actually writing code? One of the things Elon said was that there appears to be 3 managers for every engineer. I understand the need for a few PMs but if there really was a 3:1 ratio that’s just absurd.
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Stories like this make like the employee protection I enjoy even more.
TANSTAAFL. (There Ain't No Such Thing As A Free Lunch.) The downside of employee protections is that it makes companies more reluctant to hire. And also once hired, the salary to be offered is reduced to cover the estimated current value of the future employee protections. These are real downsides, particularly for young people who are trying to get a foot into the corporate ladder. I have even personally witnessed a…
People use the same argument to justify removing minimum working age laws, weekend laws, OSHA laws, EPA protections, retirement, healthcare etc.
In a pure unregulated market, employers would be able to offer employees much higher salaries!
The reality is somewhere in the middle. Though what America thinks is reasonable is very different than what the rest of the developed world thinks is.
6 months ago it was all painted (maybe seemingly, though, by prior executives who weren't speaking for Musk) as if this wouldn't be a big deal for employees, which to me makes this idea that people are being rapidly fired "for cause" after a suddenly-imposed weekend work shift deadline extra shitty :/. (Even if I do sometimes claim that Twitter is incompetent as an organization or bloated with idle staff, these are h…
I actually think that, below the CEO level, the managers are engaged in wishful thinking, rather than deceit.
6 months ago it was all painted (maybe seemingly, though, by prior executives who weren't speaking for Musk) as if this wouldn't be a big deal for employees, which to me makes this idea that people are being rapidly fired "for cause" after a suddenly-imposed weekend work shift deadline extra shitty :/. (Even if I do sometimes claim that Twitter is incompetent as an organization or bloated with idle staff, these are h…
Mr. Agrawal told employees that their stock options would convert to cash when the deal with Mr. Musk closes, which he estimated would take between three and six months. Employees would receive their same benefits packages for a year after the deal was finalized and there were no immediate plans for layoffs, he added. So, really those two long sentences should be rewritten: Mr Agrawal, as an officer of the company, e…
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https://www.theverge.com/2022/10/30/23430008/elon-musk-twitt... >He requested that logged out users visiting Twitter.com be redirected to the Explore page that shows trending tweets and news stories, according to employees familiar with the matter who requested anonymity to speak without the company’s permission. Before, visiting Twitter’s homepage while logged out showed only a sign-up form,
Interesting commentary on this from someone who used to work at Twitter: - https://twitter.com/joshelman/status/1586812933043933184 > Changing the logged out home page of Twitter to show more content is likely one of those “easy fixes” that has symbolic effect but very little to no metrics effect. I ran A/B tests on this in 2010. Usually the best way to grow Twitter active users is make people sign up first
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Mr. Agrawal told employees that their stock options would convert to cash when the deal with Mr. Musk closes, which he estimated would take between three and six months. Employees would receive their same benefits packages for a year after the deal was finalized and there were no immediate plans for layoffs, he added. So, really those two long sentences should be rewritten: Mr Agrawal, as an officer of the company, e…
I think he would have known he was out the door since part of the reason Musk was saying he was buying Twitter in text messages was that he thought Agrawal wasn't up to the job. With a 52 million payout, I also think he wasn't overly worried about how he would do after Twitter.