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yangcheng | 2 years ago

Agree, twitter layoff set an example that it's ok to layoff. Then all FAANG followed

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starbugs|2 years ago

I must say I have no idea if this is actually true, but sure as hell it feels like exactly that's what has happened.

Twitter basically made an example that made layoffs a valid option in the heads of many people I guess.

VirusNewbie|2 years ago

Except Twitter is trying to hire a ton of people right now... I think they need more engineers pretty bad and Elon knows it.

AtlasBarfed|2 years ago

Musk's bet, that every executive watched like a hawk, was to fire a whole bunch of "spoiled expensive developers" who would flap their wings about the sky falling (their perspective).

If Musk simply wanted to cut costs and get Twitter to the core of its profitability because the company had pretty much peaked, then it was a valid business plan in the Gordon Gecko realm.

But Elon talked out of all parts of his mouth nonstop, said he wanted vision and features but fired and hired for maintenance. It's weird that all the other companies too that as direction for their layoffs.

Executives were appalled at their lack of power in COVID too. I think the layoffs are an attempt to gain authority, I don't even think it is about the dollars and cents. Elites don't actually care about how rich they are after a certain point, what they care about is the gap between them and the "plebes", and the developer plebes were far too uppity in their view.