681–690 of 852 posts
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Is the billion in debt payments actually confirmed? That would most likely require some increase in revenue which is probably why Musk is looking into the verified twitter payment thing.
Yeah the terms of the debt arrangements were mostly public - $13 billion of junk debt which yields ~8%.
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>Twitter was already planning layoffs. Their CEO told them no layoffs were planned in the immediate future just a few months ago.
He was probably lying.
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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.
Did Twitter already file a WARN act notice about the layoffs? If not, how can it be justified under that?
Or much more likely you give them 2-3 months severance which is basically the same as saying "you are laid off in 60 days, don't bother coming back to work". Technically they would be breaking the law but the severance would count against the damages under the WARN act so there's no reason to go to court about it.
EDIT: You might have to file with an elected official actually, the website is a bit unclear: https://edd.ca.gov/en/Jobs_and_Training/Layoff_Services_WARN
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> If there was a way to determine the least performing 50% of employees in a matter of two days, they wouldn't be there in the first place anymore. This would assume that the previous management had an incentive to cut costs and remove 50% of their workforce... which is probably not the case at all.
What makes you think that previous management needlessly employed unproductive workers when they could have easily not done so? Do you think that Elon Musk has some special magic insight that makes him get the same amount of work done with half the resources? I know some people at Twitter and some people at Musk's companies and I don't think they are fundamentally run differently.
They probably don't know who the unproductive ones are anymore because without a fresh look at things they can't think about it objectively. They give tasks to people and they get done at the same speed as they've always been done with. How do you suddenly decide: Hey actually guys, I know we were working like this for 6 years but actually, we should be 40% faster on every single task so... you know.. start working faster please and everyone who doesn't gets fired. It's just not realistic for existing managers to do this for so many reasons. Unless absolutely forced by financial realities which was apparently never the case for Twitter.
Twitters staff count has felt bloated at ~7,500 employees and I can’t help but think of “rest and vest” clips from HBO’s Silicon Valley, especially during Covid WFH.
Silicon Valley is not a documentary but entertainment.
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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".
Good cause could be Twitter is losing money and has massive debt.
Fire for cause means "you aren't doing your job properly."
Redundancy means "your job is no longer required."
If twitter restructures to save money, the jobs that no longer exist have been made redundant.
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There are Twitter employees tweeting out that they have been fired already. Whether it’s going to be 25% or not, it’s certainly not just outgoing executives. And the WaPo article states: “ The first round of layoffs, led by his lawyer Alex Spiro, will target 25 percent of the workforce”
You’re missing the distinction PP is pointing out, between “layoffs” and “for-cause firings.”
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Firing 25% of the workforce "for cause" looks like a very hard sell to me, and would open up Twitter for a barrage of lawsuits - and rightly so. Even laying off 25% of the workers would be hard to justify at this point. I'm certainly curious where this all is going.
Tesla is currently engaged in litigation over allegedly firing employees without providing necessary 60 day notice period under California law, denying them pay as a result, so it would appear that Musk has precedent.
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That article has nothing to do with what I said. Twitter is not banning people for posting conservative viewpoints.
You said that’s not what happened in reply to me, and I cited that it did happen. I’m just backing up my own assertions, nothing to do with you. And they certainly banned plenty of conservatives for their views. It was just first framed as “misinformation” and then banned. Examples include Covid skepticism, Hunters laptop, and honestly a litany more.
Twitter banned dangerous idiots and assholes. It's not Twitter's fault those happen to be largely conservatives.
Maybe look inward if a group you identify with keeps getting called out for being dangerously wrong and/or violent.
Edit: I'm literally staring at Ben Shapiro's Twitter feed right now, and if conservative speech were forbidden, his account would have been permanently banned back in 2008. He posted a picture of a toddler wearing a fake beard with a, "What is a woman?" sign on their chest today, and it seems like his account remains active.
It's such a disingenuous claim to say "Conservative views are censored on Twitter." when even a cursory glance at a wildly popular conservative on Twitter demonstrates the opposite.
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Elsewhere in this thread, people are discussing a potentially-credible (but maybe you disagree) report on this from Gergely Orosz that does not paint this as "only the 3 senior executives". https://twitter.com/gergelyorosz/status/1587042365084209153?... > I talked with an engineering manager who was at Twitter for 5+ years, and got laid off on Sunday "for cause". They were too exhausted from working over the weekend…
I don't understand why so many people celebrate when Elon treats his underlings like trash. Is it because people hate Twitter and think if you work there you deserve this? Is it because they want to have Elon's level of power and fame where the rules don't apply to them? Something else?