Musk’s Twitter Layoffs Are Doomed To Fail. Here’s Why.

[@paulcooper8818]

The people being let go are the lucky ones compared to those who choose to stay.

[@WoohooInc]

I would be gone in a flash!

[@movdqa]

This is correct. When I lost my job, I was allowed access to the office for three months and the opportunity to look for another job within the company. They gave me a very generous severance and I just went into retirement. The layoffs this year were closer to what Musk did. What I'm amazed at is that a lot of the Twitter employees didn't leave before Musk took control.

[@zoolanderuk77]

Did you know that Twitter head count almost doubled from 2018, after being pretty flat for a few years. How has Twitter grown or performed since then (or since going public for that matter?) A lot of blame must be put on the former management, not the new management for the current state of Twitter going into a major economic down turn. Even Jack has said as much. Not an Elon fan boy by any stretch, but I think wiser heads in tech like Paul Graham of Y Combinator fame say everything is being blown out of proportion right now - I guess that comes with the territory when you are as divisive a figure as Elon.

[@WoohooInc]

Thanks for a very constructive comment. Twitter has absolutely had disappointing performance pre-Musk but I fear his layoff is still going to be a disaster for two reasons: 1: Even if we assume that half the staff are superfluous, 1 week is nowhere near enough time to find out who they are and get rid of only them. 2: The way the layoffs were handled and Musk's... idiosyncratic behavior is likely to alienate any remaining employees. I've already seen article saying that google and meta are trying to poach the best ones.

[@GET2222]

@@WoohooInc you are wrong. I own two software companies. Twitter nearly bought one of my companies. I know quite a bit about twitter and their teams. Twitter was never well run and Jack Dorsey was a terrible SEO. Twitter has never had good leadership. I would rather have two great AI DEVS than 50 good ones. This is a critical statement that ANY engineer understands and values. Your video clearly demonstrates you know very little about code or developers. TESLA bot AI DAY was for engineers. The Dancing was what hack journalists focused on. Their chips are never level and DOJO is admired around the world by top devs. My contacts at intel are impressed and have lost engineers. When the founder of competitive company to TESLA (Comma Ai) leaves his own company and offers his services for free @ twitter… this is all you need to know. You said nothing in your video and you provided zero evidence that working from home is valuable. Having owned two software Volp airs for over 17 years, I can tell you that you can 10X your work flow being in the same room. We’ve tested this @ nausea… you haven’t.

[@mrsmerily]

LOL, i personally know a small so called tech company who fooled lot of investors promising something there was not. they used human force and said it was AI. So the economic changed. The owner had hired a huge amount of workers with investor money not making money at all in itself. Of course as a small one investors soon got the wind and dropped out. He has had two rounds of redundened rounds and found some naive investor from US who help keep him and his family getting money for few months longer. His first mistake was getting too many employs to begin with. Same with Twitter... paying until the end of life for employs is much more costly in long term than have one huge purge. Someone who has base knowledge of economy should know this. If WA can work with 50 people then why do you need more? Especially if you get rid of people who work 4 hours per week? I just dont understand why youtube is pushing this?????

[@WoohooInc]

Just say AI, blockchain or nano and wave your hands a lot and investors reliably cough up big money :)

[@carlocarnevali7790]

But what’s he’s reasoning behind all that firing? Does he intend to replace all that work with AI algorithms?

[@WoohooInc]

I think that's his dream. That is NOT going to be easy.

[@movdqa]

The thing about people is that they will find ways around roadblocks as people are adaptive. So the algorithms will have to change continually and you need expensive people for that.

[@carlocarnevali7790]

@@movdqa I also think those expensive people will become cheaper and cheaper by the time I think artificial intelligence becomes more adopted and a teached subject.

[@WoohooInc]

What's to say someone couldn't employ AI to amplify hate speech or lies..?

[@movdqa]

@@carlocarnevali7790 I wrote my first commercial AI system in 1984. It's been part of Computer Science programs for at least 40 years.

[@ukxgerard]

Excellent commentary and well presented ser.

[@WoohooInc]

Thanks a ton!

[@IanMcGarrett]

You think Twitter will survive a year of Musk? Optimist.

[@WoohooInc]

🤣🤣🤣

[@dennisweikel2566]

I wish I could give you more than one like.

[@WoohooInc]

It's the thought that counts :)

[@ChrisDaubitz]

Fired by how much code they wrote, Simple!

[@WoohooInc]

According to one report. They can't possibly have been that dumb!

[@niederrheiner8468]

Point is: Twitter is not a software company...

[@InsuperableMany]

Layoffs are always a bad sign, you are better off trying to grow a better product with workforce you have.

[@WoohooInc]

Layoffs should be a last resort when the survival of the organization is at stake. And then they should be done in the least harmful way. Musk did the opposite.

[@GET2222]

Dead wrong. Have you built a business? Have you acquired a business? Have you conducted an audit of a work force? I do this for a living. Twitter was a dumpster fire on many levels and why Dorsey volunteered to leave. 8% growth since IPO is moronic. The product sucks.

[@michaelfung694]

If I'm still working there, I'd definitely be looking for a new home, based on the way these layoffs were handled.....no transparency, no empathy from leadership, etc ,etc

[@lazerusmfh]

They got three months pay That’s a hell of a lot of sympathy.

[@WoohooInc]

Not necessarily: "Musk claims that everyone "exited" in this round of layoffs received an offer including "3 months of severance, which is 50% more than legally required." But it’s not yet clear what sort of agreements laid-off employees have to sign in order to become the recipients of Musk’s generosity." He tried a similar thing at Tesla: At Tesla, Liss-Riordan claims, "Employees were immediately asked to sign away all of their rights for a week or two of severance pay, even though the federal and state WARN Act requires 60 days severance pay when there is a mass layoff," she said. Source: mashable.com/article/elon-twitter-lawsuit-layoffs

[@koenignero]

Thank you!!!!! Very intresting

[@WoohooInc]

So glad you liked it!

[@whaleblue]

say goodbye to leftist-dominated Twitter, and say hello to Musk's Twitter!!!

[@justinoleary911]

Can’t wait for the nazi groups and child predators to have free speech 😂 will go the way of MySpace hopefully kills all social media

[@WoohooInc]

Will the new twitter be rightist-dominated, do you think?

[@WoohooInc]

Actually, twitter has a right-wing bias in what gets amplified: To study algorithmic amplification of news outlets, we analyzed hundreds of millions of Tweets containing links to articles shared by people on Twitter during the same time period. The outlets were categorized based on media bias ratings from two independent organizations, AllSides and Ad Fontes Media. We excluded Tweets pointing to non-political content such as recipes or sports. What did we find? In six out of seven countries - all but Germany - Tweets posted by accounts from the political right receive more algorithmic amplification than the political left when studied as a group. Right-leaning news outlets, as defined by the independent organizations listed above, see greater algorithmic amplification on Twitter compared to left-leaning news outlets. However, as highlighted in the paper, these third-party ratings make their own, independent classifications and as such the results of analysis may vary depending on which source is used. Source: blog.twitter.com/en_us/topics/company/2021/rml-politicalcontent

[@choongta]

Jack Dorsey took responsibility for the unnecessary workforce that Musk is now chopping off. Fair business practice.

[@WoohooInc]

Every organization has employees who aren't necessary. But 50%? Also 1 week is nowhere near enough to identify who's essential and who can go, which means they probably just lost a lot of the people who are keeping the place running. And finally, they way the layoff was handled is very likely to demotivate the remaining employees.

[@islandman9619]

I liked Musk for a long time and I was even considering applying for a job with Tesla. The last two years have changed my mind. I think this will go down as the worst acquisition in history, at least by a private investor. Pretty sure he knows that already. Might be good for his ego.

[@WoohooInc]

So did I and I can still admire some of his accomplishments with SpaceX and Tesla. But his public behavior has been getting increasingly more erratic and troll-y over the last couple of years.

[@islandman9619]

@@WoohooInc Exactly.

[@rustytrax4294]

I'm sure 'failing' is not a word that exists in Elon's vocabulary. 🤣🤣

[@WoohooInc]

It's about to 🤣

[@bryantzerrato8255]

When you cough out 44 billion...you damn right ima cut cost no matter what

[@WoohooInc]

It is very well-established business orthodoxy. Research just shows that it happens to be a mistake.

[@kps081209]

Quoting research and Harvard business against a self made richest man on Earth is a comedy

[@WoohooInc]

The research is the research - it does not care how rich a person is.

[@sh0t0kan]

Yeah, I disagree.

[@WoohooInc]

Then you're fired! Oh shit, I'm not Elon Musk :)

[@colinmackie5211]

Musk has a track record of creating the most amazing and rewarding work cultures in living history. You are making a mistake comparing his situation to someones survey of non-musk He has a plan far beyond anything we can imagine. Tesla has AI resources that will easier replace the quantity and calibre currently there. You just don't get it while 10 of thousands do. I'll share this video with Steven Mark Ryan. Well see... Your video will not agree well.

[@WoohooInc]

Actually, Musk has said himself that he is a terrible manager and MANY stories confirm it: www.forbes.com/sites/madelinehalpert/2022/06/17/musk-sued-over-teslas-alleged-toxic-workplace-just-the-latest-in-a-rough-week/?sh=74422c817dcd www.quora.com/There-are-a-lot-of-reports-of-Elon-Musk-being-abusive-to-his-employees-Is-this-true www.wired.com/story/elon-musk-tesla-life-inside-gigafactory/ And if he has this amazing plan, maybe he should share it to attract advertisers, placate investors and motivate twitter's remaining staff.

[@James-hb8qu]

People who form their opinion based on emotion should not make videos attempting to justify their decision using "facts" and "logic." Just say "I don't like Musk so I don't like what he does." From the perspective of someone who has led engineering organizations in silicon valley I found this video to be nonsense.

[@WoohooInc]

Years of research by Stanford professor Jeffrey Pfeffer (linked in the video description) shows that layoffs tend to cost more than they save for the reasons I mention in the video. There are ways to make them less costly, but Musk has done pretty much the opposite.

[@robi1885]

People are less productive working from home, it's a fact don't need a study to interpret

[@WoohooInc]

How do you know it's a fact?

[@Daniel-hx8cc]

Twitter was failing anyway. He is trying to save it

[@calicoesblue4703]

Elon was not trying to save twitter. Elon trolled himself into a overpriced 44 billion twitter acquisition. Elon is a moron & a troll. Twitter is losing advertisers & is a non-profitable company. Elon is a con man & a idiot🤷🤷🤷

[@WoohooInc]

He's not doing a very good job then :)

[@Daniel-hx8cc]

@@WoohooInc give him more than three days.

[@ryanwhite7969]

If the employees that's left values their worth they will get the f... out while they can. Elon bought this ship and it's going down like a whale is aboard of it. Smfh. Welcome to America

[@WoohooInc]

I would!

[@ame5773b]

Also those employees that did not get fired will be looking for jobs to get out of that hell hole.

[@yelnatsch517]

Well good luck since most of the tech companies are laying off people also. Meta is laying off 12,000 people. Similar actions are happening at Google, Amazon, and Apple.

[@WoohooInc]

Actually, they're currently poaching the best twitter staff and have been since this whole mess started: nypost.com/2022/10/26/google-meta-poach-twitter-employees-put-off-by-elon-musk/

[@movdqa]

I'm sorry that so many lost their jobs as I lost my job in the industry two years ago but you need to be always looking for a job, and especially if the writing is on the wall and it was since this past spring. It's better to leave on good terms and when the company is doing well as severance and other aspects are a lot more generous. This layoff seems like panic-mode by management and it should be given their financials. I think well of my former company because they handled stuff like this well and you never know that a former employee could become a big customer in the future.

[@yelnatsch517]

1.) Why would or should Elon care about laying off people from Twitter? Have you ever run a tech company? These people that he's laying off aren't living paycheck to paycheck. These people have compensations that make them the top 1% of the population. There is no human cost to his actions besides taking out the trash. Also, these people will be paid until January at the minimum. Also, the last I checked, the 1st amendment didn't give people the right to work. Being employed is something that is earned. Are all people on the left so entitled? Does it come from being privileged? 2.) Your research is correct, but your interpretation of it is wrong. The reason firing people doesn't work to fix the PNL is because the inherent issue with companies operating at a loss is their failed business model. Simply firing people and not changing the business model will never work to make a company more profitable as your research shows. However, that is not what Elon is doing. Elon is firing people for multiple reasons, including getting rid of departments and personnel that has shown clear incompetence. 3.) Elon shutdown everyone out of the servers precisely because he knew sabotage would be an issue. It's also why he brought in his trusted team from Tesla to look through the code. Furthermore, the takeover was so sudden because he knew Twitter was working with the government to wipe the servers of collusion to sensor free speech as shown in the Department of Homeland Security leaks, which conveniently the mainstream news isn't covering. I've watched half of your video and it's obvious you live in a privileged bubble detached from the rest of majority of the US population. Elon paid $44B in a last ditch effort to stop the leftist fascist takeover. It's amazing how so many on the left have been so easily gaslighted by the elite into thinking the right is the party pushing towards fascism. It's like we're living in a bizarro world where black is white and white is black. Just think for one second and answer these questions. Which party is using the FBI to imprison their political adversaries? Which party is using the FBI and DHS to censor any narrative that doesn't align with their ideology? Which party is pushing for more government control? Which country is advocating for war? Now ask yourself which party is pushing for smaller government and less government regulations? Which party is advocating for free speech, even if it doesn't align with their own ideology? Which party is pushing for peace talks to end the war in Ukraine? Which party is trying to protect the 2nd amendment right for citizens to protect themselves from an authoritarian government? For as supposedly "open minded" and "free thinking" the left think they are, they sure do have a problem with dealing with cognitive dissonance. And don't forget it was the Democratic party who backed the Confederates during the Civil War. The white supremacy group that starts with a K also originated from the Democratic party. For the record, I'm not right or left. Both sides are full of idiots, but the left are the ones currently in control of the white house, the senate, and the house and yet all I see is things getting worse, not better.

[@MrWeezy312]

The problem is this "taking out the trash" viewpoint. How would it make the rest of the employees morale go? Up or down, will it make them trust management or hate them. If you cannot trust your boss than your gonna look to run to another company. You can bet the best will go because they do not have to put up with elons crap they have value if he does not see it someone else will. Not even gonna touch politics because that isn't the issue here, i know ppl want to see this thru rose color glasses depending if you like elon and hate Twitter but its obvious Musk is running his business into the ground. At this pace he will have lost a huge % of employees by the end of the year which is his right sure, just as its my right to say this makes no sense from a business standpoint. Your dislike of Twitter and its employees the left bias might be valid sure but it does not make this make sense. His primary revenue stream is from ads and selling data how on earth is cutting the moderator team going to help in either one? It will not help the fears of advertisors nor will the lack of moderation make the place more appealing to the average user. In short this decision saves money in the short term while risking the entire company in the very near future. Only time will tell right maybe elon is as smart as some think but i highly doubt it.

[@calicoesblue4703]

I bet you saw things going great under trump the clown though huh???🤦🤦🤦🤡🤡

[@adrianene5098]

@@MrWeezy312 Morale would go up. Why? Because the ones that do the real work, know who they are and they currently have low morale because they have colleagues that do 10% of the work they were supposed to do but get almost the same compensation

[@MrWeezy312]

@@adrianene5098 Sure that is the ideal case for musk. That is what he would want to happen maybe it will? More likely the remaining staff is overworked and expected to do what the laid off staff originally did and while being forced to come into the office. Will Misk raise their salaries in response to this maybe bring in new ppl in too adjust to the higher workload, suppose time will tell. Is that the actual amount of work the laid off staff did 10%, kinda sounds like a guess? Musk chose not to establish continuity of service before a major upheaval. I understand he wants to change the platform and he should as new management, why else buy Twitter if you do not think i can do this better i know it wasn't for the profits. This is a knee jerk "get it done consequences be damned" move which has not appeared to impress advertisers who are Twitters primary revenue stream. The money that lay offs will bring, is easily dwarfed by the risk to revenue. Some of which has already been lost since acquisition and more to come if advertiser bleeding caused by this chaos is not staunched. This all could have be done some much better with a significant amount of this damage mitigated if implemented in a more stable way is what i am getting at. Twitter has lost money for years he should've been prepared for that, instead he is grasping at straws to save a buck. Was this his grand plan, buy twitter to fire moderators, executives, and other staff? I thought he was a businessman, yet he is talking about esoteric political matters and the 1st ammendment, i get those are important matters yet they are separate as it will not pay the bills in a profit driven company especially an international one. Elon Musk has the money and time to start any political action group if he wanted and more power to him if he does. Buying twitter to do this political action makes no sense, nor does laying off half the staff to save money make sense it is a fools errand, hell even the idea to charge $8 a month for verification is a better direction and that is questionable at best too. TLDR This is a not the plan of a genius its the plan of someone who didn't think this through. Profit requires revenue which he needs staff to oversee he is chasing off revenue at record speeds only put to shame by his haste in laying off staff.

[@scottf3456]

You say you are not right or left , i call bs on that. You spout extremely ignorant right wing talking points and drag a free speech theme into it when this has nothing to do with free speech. Twitter is a corporation not a government entity. Bottom line, elon paid too much for a company he didn't really want to buy. His actions have caused advertisers to flee . In an effort to cut the payroll that he can't afford to pay he cut his nose off to spite his face. Twitter and or musks relationship with twitter will be done in a year.

[@JS-jh4cy]

Hey I would buy Twitter for 5 cents

[@WoohooInc]

With the 13 billion in debt?

[@JS-jh4cy]

Some corporations MBA seemed to have drummed in their heads by universities professors who have limited real business experience first thing to when you change management is to lay lots of people to save money on labor

[@WoohooInc]

Yup! Also, they believe it shows strength and decisiveness. It's become a standard part of the US business playbook. Though cutting half the staff is admittedly extreme.

[@aerotecvideo1270]

Twitter is now in good hands,..

[@WoohooInc]

I guess we'll see :) You know where I think this is headed.

[@dennisweikel2566]

Twitter might find competition from other tech giants. What if Facebook decided to open a twitter competing platform.

[@burgerjointgame]

Agreed. Meta could go on a hiring spree and scoop up the talent needed to make a better version of Twitter

[@mrsmerily]

LOL, meta is dead anyway... you are funny tho :)

[@captainseyepatch3879]

@@mrsmerily Yes and no. Facebook (If you count is seperate from the rest of Meta) Made 47 billion last year. The reason the meta keeps lossing money is that Zuck keeps putting money into the Metaverse (Which is shit) Twitter has just never turned a profit...

[@Cascalonginus1]

Hah hah you so funny. Facebook! 🤣😂

[@WoohooInc]

Twitter did have two quite profitable years, actually.

[@normharper4492]

Elon will do what Elon has always done and will make it better.. There is alot of disruption about to happen to social media.

[@WoohooInc]

Well... maybe he WILL make it better. Like Tesla or SpaceX. Or maybe he will make grandiose promises that get delayed for years, like full self-driving, the Cybertruck or the Tesla semi. You can't ignore that he has a track record of overpromising and underdelivering.

[@jimmaag4274]

Looks like the layoffs were indeed successful.

[@koenignero]

Its just show. Such a scale cannot be successful

[@replysoon3216]

@@jimmaag4274 Go implant yourself with Nerolink, kid.

[@jimmaag4274]

@@replysoon3216 you are a strange and disturbing little person .

[@replysoon3216]

​@@jimmaag4274 Not our fault you are a clueless cult follower of new age teachings

[@scottf3456]

How so?

[@RealJonSarge]

All of the tech company's are laying off, And the fact that we have so many job openings in the U.S, I think the fed report was around 90k in industrial sector alone (a reason interest rates continue to rise) so these lay-offs are not inherently bad for the economy as you suggested.

[@WoohooInc]

That wasn't quite the point - the research found that overall, economies where it's easy to perform layoffs do worse than those that have better worker protections.

[@movdqa]

There are a lot of tech jobs in my area but tech jobs are usually pretty specific in the skillsets that they want. Those with the most marketable skills left before getting fired.

[@WoohooInc]

Exactly - if you can get out before the shitshow, why wouldn't you?

[@movdqa]

@@WoohooInc Inaction is a lot easier than making a change for the better when you have the opportunity.

[@Advoc8te4Truth]

Hahaha 😆 😂 😆 😂 yeah those workers are soooo essential 👌

[@WoohooInc]

Well, they may not all be essential. But some of them probably have knowledge that's essential to the business. Musk's reckless and unempathetic approach has made it very likely that many of those people are now gone or demoralized to the point where they're trying to get out or have no motivation to help twitter update its business.

[@Advoc8te4Truth]

@@WoohooInc I think your operating under the misconception that Twitter is an effective 'business' vs merely being a social media platform that's been stagnant for 'literally' years. Your assertion that Elon Musk is 'reckless' because he laid off some workers smacks of gross naivety, hyperbolic sensationalism and blatant partisanship. Would I have paid 44 billion for Twitter no in fact its not even worth 1/2 that amount. But then again your not assessing it in the way Elon Musk is which is as very expensive loss leader for other products and services. His play here is cryptocurrency, online payments, banking and financial services and all of the ancillary services and products that entails. His goal will be for Twitter to become an amalgam of Alibaba, PayPal, WeChat, AIG and Bank of America. That's why he wants the platform to be independent and apolitical. People need to trust their governments from whatever country they live can't demand their accounts frozen or information seized.

[@WoohooInc]

If twitter was doomed, why not let it fail first and then buy it for peanuts?

[@Advoc8te4Truth]

@@WoohooInc To be honest I wouldn't have bought it not even at half the price. I personally would of bought Facebook or Disney but that's for economic reasons as in a LBO model they can justify the expense. But Elon is Elon even if he successfully creates his X App it will take at least 10 years and 10 billion just get it operable but if it's anywhere near WeApp in its utility and user base it will be worth it. And luckily for Elon Tesla and SpaceX will give him at least another 150-250 billion in that time as a buffer.

[@alexandraborlina9517]

Watch his interview with Baron Funds ... you might learn something ... but why do that ... instead, it is so much easier to talk out your donkeys back end ...

[@WoohooInc]

Thanks for the tip - I watched it and now I am even more convinced that he currently has no plan for twitter. I love when he said running a tech company would be easy. And when he said he had a 22-year old revolutionary plan that could change everything... but which he forgot to save.

[@Sneaky-Sneaky]

Twitter said they will immediately start buying debt!! This vid is full of everything but facts !!!

[@phantomswordorpoo]

Yea by selling tesla stocks in a timely manner. Twitter can even work with 0 employees and Musk as "Chief Twit"

[@WoohooInc]

Can you share a source on that? The last I read, the banks who gave the loan to twitter said that while they'd plan to sell the debt on they were currently forced to hold it themselves because of the uncertainty.

[@Sneaky-Sneaky]

@@WoohooInc It was a network news clip…..I saw on YT yesterday … dont remember which one….sorry

[@WoohooInc]

If you can find the link in your youtube history, I'd love to se it.

[@chemistrysimplified1501]

I'm sure Elon will value your opinion on this. Just think about how many multi billion dollar companies you've created in your time! Or the researchers you're referencing! You would know! Please tell him so that he can finally have some success! It's been just one failure after another for Musk!

[@WoohooInc]

So... Only a billionaire can criticize another billionaire? Seems like that might serve to insulate them from a lot of otherwise legitimate criticism. Is that really a good thing?

[@chemistrysimplified1501]

@@WoohooInc anyone can criticise, it's just that on THIS ISSUE I think Elon is probably more of an expert than most academics or youtubers.

[@TheKimNeeper]

@@WoohooInc His point being, Musk has created 5 multibillion $ companies, Tesla is nr 1 EV maker and SpaceX has 80% of commercial space launches - what have you done that proves you're smarter than the most succesful business man in history?

[@niederrheiner8468]

@@TheKimNeeper He has as many failures. His first company was a failure and other people had to make is successfull, before it was sold to Paypal. "Boring company" wanted to do long Hyperloop tunels. Will not happen. Solar roof panels was a failure. Robotaxis will not happen. Tesla and SpaceX were on the brink of bankrupcy several times...

[@WoohooInc]

Even the smartest people can have massive blind spots in their thinking and I think Musk is an EXCELLENT example of that. If he had handled his twitter takeover with a little more diplomacy and a little less trolling, he could've had everyone eating out of the palm of his hand. But it seems like he just can't stop himself.

[@marcosmelendez09]

Are you the same guy fro channel Brut?

[@WoohooInc]

???

[@Petro00D]

Musk is rich. Yes, and he is a lot smarter than you and I. Why do you think he has stopped all access to the system. I suspect to preserve all data of internal activity. If that activity goes against law or company policy, then likely he has the authority to fire those people.

[@WoohooInc]

I think Musk is smart about some things and not about others, e.g. leadership. He has said himself he is bad leader. US law means that anyone can be fired for no reason (with a few limitations like discrimination) so I don't know why he'd need to lock down systems to build cases against people. In fact, I can find no sources saying that that's been happening. Do you have one?

[@TheKimNeeper]

"Yeah, maybe Musk does have a genius plan for Twitter and I'm just to dumb to see it" sums it up pretty well ;-)

[@WoohooInc]

I knew someone would use that line agains me when I wrote it :) I guess we'll see...

[@docvince100]

don't assumed that twitter is going to survive if Elon did not take over . In fact that's the reason it was sold because its loosing money daily. From the mouth of previous CEO Jack Dorsey "he has expanded the business too fast by hiring too many employees...its either none will have a job at all or Elon will save half of the crew by keeping their jobs. Have faith on the only human being who made electric car work!

[@argcargv]

What effects do you think Twitter turning into a sucking black hole will have on Musks brand? What effect will it have on Tesla which has brand value tied so clearly to Musk? And financially, what will that black hole eat?

[@movdqa]

In a better scenario, you have another tech company who buys them out and that does a reorganization and takes redundant employees and puts them on their other own internal projects. But the price of Twitter would have to go down to make the package of employees, product, and potential synergies with their own products. So that you didn't have huge layoffs and did wind up making productive use of all of the employees. Quantitative Easing resulted in a lot of money sloshing around and that includes stocks so that stock prices rose to levels that weren't reflective of the company value.

[@WoohooInc]

If twitter is so bad, why didn't Musk just wait for it to fail and then buy it for peanuts?

[@markvietti]

why would he want to keep employees that hate him....

[@WoohooInc]

Why would he buy a company where the employees hate him?

[@dhoscodhoscovi2957]

The guy that is managing multiples multibillion companies and this guy saying what? What’s the size of you business?

[@WoohooInc]

I hope you're not suggesting that successful people can only be criticized by more successful people. That would be incredibly convenient for the top 0.001%.

[@HarshColby]

Your opinion is based on extremely short term thinking. In the long term, layoffs can often be essential to the survival of the company.

[@WoohooInc]

The research actually looked specifically at the long-term effects of layoffs and concluded that they cost more than they save.

[@HarshColby]

@@WoohooInc Which specific research paper is that in? Let's try a simple experiment. Hire 100 people when you have ad income to support them. Now, lose 1/2 your advertisers. Are you better off laying off 50% of them, or keeping them all and going bankrupt? Your error, imo, is that you're assuming you can use statistics that apply to some example cases and say that applies to every case (or even the just Twitter case). It's a misuse of statistics. That said, I'd still like to see the specific study you're referring to in your reply.

[@WoohooInc]

Here you go - it's also linked in the video description: www.careerusa.org/resources/career-files/158-resources/career-files/16-must-read-articles/372-lay-off-the-layoffs.html My other point in the video is that even if we accept that firing 50% of employees was essential for twitter's survival, then Bob Sutton 's research points to some ways that make it work... And musk did the complete opposite.

[@WoohooInc]

This one is also good: views.washingtonpost.com/leadership/panelists/2009/02/downsizing-is-rarely-successful.html

[@HarshColby]

@@WoohooInc Neither of those are research papers. The first is a reporter interpreting another reporter, who's interpreting a book by an author. Is there any actual research you can supply? Also, the book is 10 years old and specifically in response to the crisis of 2009, which has little relevance to our current situation, or Twitter's current situation. It focuses on two main points: raising stock price and saving money. Neither of these are relevant to Twitter. There is no public stock to bolster the stock. The purpose of the layoffs is that Twitter staff has grown to dwarf even KZbin's numbers...and YT actually makes money. Clearly, there were many people at Twitter that had nothing of value to add to the company. And, finally, the reason for the layoffs was that the direction of the company has been changed. With a major change in focus and goals, the skills of the staff mush be altered to be in line with the new company goals.

[@almyers8074]

IMO Twitter is grossly overstaffed and the layoff serves two purposes, 1( to enhance profitability and 2) to clean out the bad apples who are perpetuating the violation of hundreds of thousands, maybe millions of peoples right to free speech. Taking a step back often helps to see the broader overall scope of the intention of such necessary business decisions.

[@WoohooInc]

But that's my entire point: 1: The way these layoffs were handled means it will most likely cost twitter more than it saves. 2: If the purpose is to weed out the bad apples, 1 week is nowhere near enough time to identify them.

[@almyers8074]

@@WoohooInc The bad apples weeded themselves out through wokeism, engaging in censorship and compounded that with phoney fact checking. Elon knew before the deal was completed they were going to be terminated. They knew they would be let go as well. Why would Elon allow saboteurs to remain?

[@WoohooInc]

Do you happen know what Musk's selection criteria were for who to fire? Did he personally go through the emails and tweets of 7,500 people? Did he have a trusted team do it? Was it anyone with pronouns in their bio? How did he do it? And can we be sure that he got all of them?

[@almyers8074]

@@WoohooInc Looking again to the larger picture one must also understand that Twitter wasn't a good company gone bad but an information gathering/narrative control platform that violated gov restrictions, lied to congress, conspired with the gov to violate peoples constitutional rights and defrauded their investors. Whistleblowers are emerging from most of these platforms and 3 letter agencies. I would venture to guess that a large percentage of those Elon let go are under indictment already.

[@WoohooInc]

Source?

[@uromvictor]

He didn't say 75%

[@WoohooInc]

Well, first he did and then he didn't: www.washingtonpost.com/technology/2022/10/20/musk-twitter-acquisition-staff-cuts/ techcrunch.com/2022/10/26/now-elon-musk-says-he-wont-fire-75-of-twitters-staff/