(no title)
rem7
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3 years ago
In my opinion Elon miscalculated the type of people at Twitter. These aren’t people like the ones in Tesla or SpaceX where there is some sort of idealization of Elon. The number of fan boys he has at Twitter must be super low. None of the Twitter employees signed up to work for him, it’s pretty obvious from the public tweets that most of the staff has posted that they don’t have much respect for him. On top of that, as others have mentioned, Twitter as a product doesn’t comprare to SpaceX and Tesla and just saying “we’re gonna build Twitter 2.0 the bestest thing ever!” Isn’t particularly motivating enough to give up your work-life balance. Elon came in to a place that already has a culture established… and the people that are there that know how much they’re worth don’t really feel the need to put up with his bullying “my way or the high way”. Props to the people at Twitter for sticking to their beliefs. I think Elon also miscalculated the importance of work from home. I assume a lot of the engineers have the “millennial” mentality of “I work not live, I don’t live to work”.
grogenaut|3 years ago
Even more materially, many of those employees are likely spending over their base on their lifestyle and investments. So say they were making $300k all told and they're now down to $150k base, If they were spending even near the base they've just massively changed their income trajectory even to the point of obvious insolvency. Eg "I can't afford this house anymore". I've talked to some people that are smart on investing and I've talked to others who say they're spending 67% post tax on their "lifestyle" of total comp which is insane to me. Stock moves any which way and you are eating into savings which likely also just dropped.
Anyone in that situation would be out like the rats.
kerbs|3 years ago
If you happen to be hitting your cliff soon, that is the only case you might be going down to base only.
shagie|3 years ago
Taking an $80k/year pay cut for a SWEII ($70k stock, $10k bonus - I'm assuming no bonuses for a while) is, well, that's a lot.
With no future stock or the ability to sell it... and there are certainly other places that pay at least as much as Twitter's base alone, there are options out there.
m_ke|3 years ago
bunderbunder|3 years ago
Anecdote time: I have an acquaintance who’s an engineer who works on nuclear power plant technology. They’ve wanted out of their current employer for over a decade now.
Why have they stuck around? Because their current employer is the only one in a several thousand kilometer radius with any use for their expertise, one of only a couple they could work for without leaving the country, and one of only a handful whose primary language of business is one that they speak.
Tesla, SpaceX, and perhaps even the Boring Company have much more in common with that situation than they do with Twitter.
paxys|3 years ago
partiallypro|3 years ago
noncoml|3 years ago
TeeMassive|3 years ago
masklinn|3 years ago
Twitter? I'm sure twitter employees were proud of their work and doing things they believed meaningful, but not "halve your effective comp', in a company with all the joy of an abattoir, for a narcissistic egomaniac.
And if you're a rocket engineer, the field is way smaller. That means less competitors, but also less places to work at.
Software?
grogenaut|3 years ago
klyrs|3 years ago
And also work double time for the indefinite future. So effective comp is quartered, by my accounting.
danudey|3 years ago
Like, I like Steve Jobs, he could be a dick sometimes but I think he had the right idea and the right vision overall, but if he came in and bought my employer and then just started firing whole teams and fucking up the product while taking away perks and demanding more work, I would have soured on him pretty fast.
leereeves|3 years ago
Isn't that pretty much what Steve Jobs did when he came back to Apple as CEO?
"Ultimately, Jobs axed more than 70 percent of Apple’s hardware and software products."
"His product cuts resulted in the layoffs of over 3000 employees"
"Jobs managed to force the resignation of most of Apple’s board members"
https://www.macworld.com/article/219225/steve-jobss-seven-ke...
impalallama|3 years ago
Meanwhile we are a years into total disenfranchisement with entire concept of social media. The sell just isn't there like his earlier ventures.
lancesells|3 years ago
Edit: I don't use twitter but this is what I've been able to parse from HN articles being posted.
indrora|3 years ago
d23|3 years ago
rajeshp1986|3 years ago
What's most amusing to me is Elon takes the advice from Youtubers & Influenceers but won't listen to his own engineers.
rsynnott|3 years ago
I do wonder has his idea of how people think about him been skewed by a decade or so of really only working with people who are really into him. Like, this mostly felt absolutely inevitable to me (though I'm surprised how far he pushed it so quickly), but then I never thought much of him.
> I assume a lot of the engineers have the “millennial” mentality of “I work not live, I don’t live to work”.
Not sure what's _particularly_ millennial about that. Hours worked in the US per year now is pretty similar to the period from 1970 to 1990, when there were no millennials working. There was a spike peak between 1990 and the early noughties, but not a huge one; to find big increases you're going back before 1970.
snapplebobapple|3 years ago
solarkraft|3 years ago
But firing everyone immediately, with no chance to transfer knowledge? Funny!
tedunangst|3 years ago
HDThoreaun|3 years ago
I think this is largely why he fired everyone. He wants all his employees to be musk sycophants so he pushed everyone else out.
danudey|3 years ago
I wonder how many of them are still fanboys.
brightball|3 years ago
The big challenges create big opportunities.
tedunangst|3 years ago
bee_rider|3 years ago
negamax|3 years ago
hintymad|3 years ago
And what's so hardcore about Payroll system? Shouldn't we demand quality instead and I'm not sure if working 80 hours a week would lead to better quality of the system.
cafard|3 years ago
bioemerl|3 years ago
c-cube|3 years ago
He might think he knows the employees, based on his prejudices and clichés. Nothing more.