631–640 of 852 posts
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
I still have a lot of respect for Musk as bold business exec. But my respect for him as a person dropped to near-zero when he promoted the baseless conspiracy theory about Paul Pelosi.
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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…
If increased employee protection causes you to layoff almost everyone in a country -- you probably had little good business reason to be in that country. Employee protection exists because there's a huge power imbalance. A company who can constantly just say, "we'll fire you if this doesn't get done" and colludes with other companies on such matters makes it very difficult for workers. This is why employee protection…
Nothing comes for free.
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> Even laying off 25% of the workers would be hard to justify at this point. It wouldn't because we're in a downturn and Twitter was already planning layoffs.
>Twitter was already planning layoffs. Their CEO told them no layoffs were planned in the immediate future just a few months ago.
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…
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> although none of them are strapped for cash Does this mean that they have or deserve different rights under contract law than others do? What if their counterparty is even less "strapped for cash"?
It’s not an excuse to treat people poorly, but I certainly have less empathy for someone who has $5M in vested stock who gets fired vs someone who makes $15/hour and lives paycheck to paycheck. Both are injustices. The former isn’t much of a risk to life. The latter could literally result in life or death situations.
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I’m the opposite. Never was a Musk fan but now that I see him trying to reform twitter I’m very impressed he’s willing to take so much flak for such a direly needed goal.
Anything having to do with twitter is not “direly needed”
So, it was a simple corporate raid after all. Welcome back to the 70s: energy markets problems, inflation, and now finally some good old corporate raiding with LBOs. PS. https://en.wikipedia.org/wiki/Corporate_raid
Twitter had massive layoffs planned anyway that they put on hold when Musk started the buyout.
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Even California still has at-will employment. He doesn’t need cause, or anyone else to agree on what that cause is.
Every jurisdiction is different in details, of course, but "at-will" just means you can fire someone, not that you get to decide what happens after unilaterally (e.g. you may owe severance)
There's the WARN Act, but I don't think that impacts what happens after a duly-warned layoff, unless I'm mistaken?
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Fwiw all states are at-will, though there are varying exceptions from state to state.
Montana is the biggest exception. It's only at-will for a 6-month probationary period, and after that, you can generally only be fired for "good cause".
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
I’m the opposite. Never was a Musk fan but now that I see him trying to reform twitter I’m very impressed he’s willing to take so much flak for such a direly needed goal.
This wasn’t needed and will be looked upon with embarrassment by him and all of tech in a decade.