Twitter lays off 5K contractors in surprise 2nd wave of cuts, more mods lost

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Sarty

Ars Tribunus Angusticlavius
7,853
Don’t get me wrong, it’s usually a good idea to once in a while trim a company of unnecessary jobs. But does Musk seriously think he can cutback his way to a 1+ billion dollar profit?
In any case, the idea that a large organization can remain fully functional through massive, unplanned, uncoordinated layoffs is asinine. I wouldn't trust Elon Musk to manage a gas station.
 
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274 (277 / -3)
D

Deleted member 553147

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In any case, the idea that a large organization can remain fully functional through massive, unplanned, uncoordinated layoffs is asinine. I wouldn't trust Elon Musk to manage a gas station.
Should that situation arise you’d probably be in luck if you own the gas station - turning him down for the job would in all likelihood make him buy the gas station for 2 billion dollars…
 
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150 (151 / -1)

Tridus

Ars Tribunus Militum
2,506
Subscriptor
Maybe time to shut down twitter - totally, completely, permanently. No compensation to musk et. al. It makes NO contribution to society, just bad shit. No upside, all downside.
At the rate it's going, the free market is going to take care of that real fast. Major advertisers were already leery, and that was before eliminating their ability to actually moderate anything. The investment bankers that financed much of this deal are finding nobody trusts Musk to run it and won't buy in except for pennies on the dollar, so they have debt they can't move in a company whose CEO is openly talking about bankruptcy (while also claiming he wants to get into banking, for some reason).

The cash burn might be going down by firing everyone, but it's taking the revenue side down with it. The only thing that's going up in this is the amount of memes being made at Elon's expense. At some point the losses will rack up to the point that if they don't start acting like a serious company again, it'll just face shutdown.

And that's assuming the site doesn't just start having technical problems due to losing most of its infrastructure staff.

They'll be teaching this in business schools in a few years.
 
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284 (284 / 0)
Cue the inevitable excuses that Musk & hard-right will start throwing around.

"It can't be Musk's fault Twitter failed, he is the world's richest man and a genius"
"Stoopid libs destroyed it"
"This was all done purpose because freeze peach"
"This is good since Twitter is going to bounce back stronger than ever"
"This is good since Twitter was a demoncrat cesspool"
 
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163 (171 / -8)
Don’t get me wrong, it’s usually a good idea to once in a while trim a company of unnecessary jobs. But does Musk seriously think he can cutback his way to a 1+ billion dollar profit?
Elon Musk is not a smart man, and it's time people in general start acknowledging that.
 
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216 (219 / -3)
D

Deleted member 853890

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I really hope Swisher doesn’t learn the hard way why content moderation is not “bloat”.
They already had a 500% increase in people using racial slurs in the immediate aftermath of Musk completing the takeover.

So...they're going to, and it's going the ugly as hell when they do.
 
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86 (88 / -2)
In any case, the idea that a large organization can remain fully functional through massive, unplanned, uncoordinated layoffs is asinine. I wouldn't trust Elon Musk to manage a gas station.
No no no, he's rich and therefore he's smart. /s

Definitely not a rich kid who lucked into investing his parents blood emerald money into tech as it was booming.
 
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112 (120 / -8)
Maybe time to shut down twitter - totally, completely, permanently. No compensation to musk et. al. It makes NO contribution to society, just bad shit. No upside, all downside.
I don't use Twitter and from what I've seen, it has more bad than good.

But it's also been a tool used by people to find communities and connect with peers they didn't know they had. It's foolish to dismiss that or to ignore that loss.

Twitter has also done a lot of harm, the positives don't nullify that harm at all.
 
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90 (99 / -9)

nimelennar

Ars Tribunus Angusticlavius
10,023
The dumpster fire continues.

In all seriousness, I don't think I've ever heard of a poorly done company takeover... ever. And there have been some historically bad ones.
It not only continues, it sounds like they're trying to extinguish it by throwing thermite into it.
 
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66 (66 / 0)