7 ms·

Twitter lays off 30% of its talent acquisition team

76 points by brunojppb 4y ago

Eddy_Viscosity2 4y ago
Does Elon own twitter now or doesn't he? I lost what was happening there.
- wahnfrieden 4y ago
  wip
- zimpenfish 4y ago
  I believe "not yet although he appears to be trying to get out of it but he has no wiggle room thus will probably own it at some near future point" going off the "Money Stuff" columns by Matt Levine (which Bloomberg provide no easy way to link to, obviously.)
  - hansword 4y ago
    I don't know which column you specifically refer to, but https://newsletterhunt.com/newsletters/money-stuff-by-matt-levine https://newsletterhunt.com/newsletters/money-stuff-by-matt-l... gives you not just the list, but also the full text.
    - zimpenfish 4y ago
      Oh, that's a handy thing to know, ta.
  - mcintyre1994 4y ago
    I think Money Stuff is his full-time thing because it's the entirety of his author page on Bloomberg: https://www.bloomberg.com/opinion/authors/ARbTQlRLRjE/matthew-s-levine https://www.bloomberg.com/opinion/authors/ARbTQlRLRjE/matthe...
  - zimpenfish 4y ago
    Yep, he's definitely trying to dump it now - https://www.sec.gov/Archives/edgar/data/1418091/000110465922078413/tm2220599d1_ex99-p.htm https://www.sec.gov/Archives/edgar/data/1418091/000110465922...
- mikebonnell 4y ago
  No, his purchase hasn't been finalized yet.
- unicornmama 4y ago
  We are on the brink of a major global economic turndown [many still in denial]. Q2/Q3 results will be telling. How does one make money selling advertising in a global downturn? Earnings will be crushed. Twitter is taking measures to cut fat and protect its stock price. I expect rest of FANG will eventually follow.
  - grepfru_it 4y ago
    >rest of FANG will follow It’s already happening.
  - hnaccount_rng 4y ago
    > How does one make money selling advertising in a global downturn? By not selling advertising but hardware. So at least the two AA of the FAANG are safe(ish), Netflix shouldn't have been in there anyways. And well FG are fine to take a hit :shrug:
    - iszomer 4y ago
      The return of the Peek Messenger?
    - ChuckNorris89 4y ago
      >By not selling advertising but hardware. So at least the two AA of the FAANG are safe(ish) I doubt it. In a recession people will buy less products and subscriptions form Amazon, and less VC money means less startups, means less AWS customers. Also, people will upgrade their Apple iShiny less often, holding on to their existing devices which work well due to Apple's great SW support, and will buy less stuff from the App Store. They're safe in the sense they won't tumble, but I expect them to trim the fat by firing their lowest performers and turn the heat on existing workers. I could also be wrong though, I'm no financial analyst.
- brunojppb 4y ago
  I guess due to the hiring freeze they had recently, it might be hard to justify keeping a big hiring team around.
- jsemrau 4y ago
  So what's the status of the Musk/Twitter deal? 3 key developments to note. Twitter, has laid off 30% of its talent acquisition team, per WSJ. https://lnkd.in/d38rGUvX https://lnkd.in/d38rGUvX Elon Musk’s deal to buy Twitter, is in peril, per Washington Post. It states talks with investors have cooled down. https://lnkd.in/dg7d_Vsr https://lnkd.in/dg7d_Vsr Twitter, has reaffirmed that spam accounts represent less than 5% of daily users based on closely held user https://lnkd.in/dy37nMsu https://lnkd.in/dy37nMsu
- andsoitis 4y ago
  No, he is still trying to get out of the purchase agreement he has signed.
blitzar 4y ago
What is a talent acquisition team and why did twitter need one? Is it like the Scouts in Moneyball? https://www.youtube.com/watch?v=pWgyy_rlmag https://www.youtube.com/watch?v=pWgyy_rlmag "Jane has a good looking typing motion, has a git checkin rate of .324, and scored a 465 on their leetcode" "She has an ugly husband though, suggests a lack of confidence" "I like Jim, good coders body, lean cut, good face. Good looking keystroke, the code just explodes off his keyboard with a real pop. You can hear it all the way over at the kombucha tap." "If he codes so good, where are the git checkins? He's checking in at a .154"
- paulgb 4y ago
  It’s a fancy phrase for tech recruiting.
- stepanhruda 4y ago
  It’s recruiters…
- jorgemf 4y ago
  I think it is just a way to call the human resources team. It sounds better if you are hired by the talent acquisition team rather than the human resources team.
  - thrwyoilarticle 4y ago
    Putting all of it under the umbrella term of HR is like putting software engineering and dev ops under the 'IT' umbrella. There's no cross-capability.
    - t_mann 4y ago
      I've seen people move into and out of HR roles from areas far more exotic than recruiting, including PAs, engineers, accountants, and be very successful at it. Claiming that there is 'no cross-capability' between HR and recruiting, when those jobs are often done by the very same people in smaller organizations, is ludicrous. You've drunk so much of the corporate bureaucracy kool-aid that you started to believe it is truly necessary.
egberts1 4y ago
Talent? Didn’t know that much talent is required to get the talents to maintain a trillion 140-char records distributed database. Must be the 10,000+ “bot-farmers” (according to SEC filing).
- KptMarchewa 4y ago
  It's 280 now. Double the challenge.
- winternett 4y ago
  I wanted to have faith that Twitter could actually return to it's former glory, before it was a dictatorial nightmare... Twitter literally varies it's timeline every day to simply push what it wants to to everyone, just like Instagram. Literally, I've watched it switch from real time reporting to just a total spam haven that ignores everyone's wishes and pushes out repetitive content and dull posts from people and corps that pay money for visibility. Not even top posts are ranked based by likes or even account popularity (real or even fake followers) any more. Based on what I've observed, it's just whoever pays or spams keywords that ranks first. It's just opinion of course, but I feel like dead Internet is alive and well on Twitter, and even the deal to purchase it is a promotional scheme to keep everyone distracted from the underlying feeling that Twitter is a lifeless shell of it's former self. It eventually gets to the point where you've got to stop logging in because the emphasis on content that has no real value ranks above the real interesting, relevant, and noteworthy stuff anyone posts on there. It's corrupted far too much to go back to being functional, a smoke screen for pocket change behind the scenes. Elon could do better just building something entirely new (opinion again, but I think the people that really use it would agree).
  - cuteboy19 4y ago
    I have never seen an authentic hashtag in the trending section. Either its some advertisement or its an obviously astroturfed political campaign.
    - winternett 4y ago
weezin 4y ago
I wonder how much of this is economy versus Elon wanting to instill the type of workforce he wants by replacing the cause at the source. Similar to how companies make no politics policies and then give people that don't like that a generous severance.
- paulcole 4y ago
  Probably 0 to do with Elon given that he hasn’t bought Twitter yet. Who cares what he wants to do when he hasn’t written the check yet?
  - weezin 4y ago
    True, but their hiring freeze was pretty close to the acquisition announcement. So I feel like that is partly to blame.
- j_mo 4y ago
  I'd imagine it's entirely due to the economic downturn, as most high growth tech companies have slashed hiring this year.
  - anothernewdude 4y ago
    They have, but this is a long-term play. Slowing hiring is one thing, but slowing your ability to ramp up is commitment to slowing hiring for a long time in the future.
Proven 4y ago
deleted 4y ago
[deleted]
- deleted 4y ago
  [deleted]

76 points by brunojppb 4y ago

Eddy_Viscosity2 4y ago

Does Elon own twitter now or doesn't he? I lost what was happening there.

wahnfrieden 4y ago
wip
zimpenfish 4y ago
I believe "not yet although he appears to be trying to get out of it but he has no wiggle room thus will probably own it at some near future point" going off the "Money Stuff" columns by Matt Levine (which Bloomberg provide no easy way to link to, obviously.)
- hansword 4y ago
  I don't know which column you specifically refer to, but https://newsletterhunt.com/newsletters/money-stuff-by-matt-levine https://newsletterhunt.com/newsletters/money-stuff-by-matt-l... gives you not just the list, but also the full text.
  - zimpenfish 4y ago
    Oh, that's a handy thing to know, ta.
- mcintyre1994 4y ago
  I think Money Stuff is his full-time thing because it's the entirety of his author page on Bloomberg: https://www.bloomberg.com/opinion/authors/ARbTQlRLRjE/matthew-s-levine https://www.bloomberg.com/opinion/authors/ARbTQlRLRjE/matthe...
- zimpenfish 4y ago
  Yep, he's definitely trying to dump it now - https://www.sec.gov/Archives/edgar/data/1418091/000110465922078413/tm2220599d1_ex99-p.htm https://www.sec.gov/Archives/edgar/data/1418091/000110465922...
mikebonnell 4y ago
No, his purchase hasn't been finalized yet.
unicornmama 4y ago
We are on the brink of a major global economic turndown [many still in denial]. Q2/Q3 results will be telling. How does one make money selling advertising in a global downturn? Earnings will be crushed. Twitter is taking measures to cut fat and protect its stock price. I expect rest of FANG will eventually follow.
- grepfru_it 4y ago
  >rest of FANG will follow It’s already happening.
- hnaccount_rng 4y ago
  > How does one make money selling advertising in a global downturn? By not selling advertising but hardware. So at least the two AA of the FAANG are safe(ish), Netflix shouldn't have been in there anyways. And well FG are fine to take a hit :shrug:
  - iszomer 4y ago
    The return of the Peek Messenger?
  - ChuckNorris89 4y ago
    >By not selling advertising but hardware. So at least the two AA of the FAANG are safe(ish) I doubt it. In a recession people will buy less products and subscriptions form Amazon, and less VC money means less startups, means less AWS customers. Also, people will upgrade their Apple iShiny less often, holding on to their existing devices which work well due to Apple's great SW support, and will buy less stuff from the App Store. They're safe in the sense they won't tumble, but I expect them to trim the fat by firing their lowest performers and turn the heat on existing workers. I could also be wrong though, I'm no financial analyst.
brunojppb 4y ago
I guess due to the hiring freeze they had recently, it might be hard to justify keeping a big hiring team around.
jsemrau 4y ago
So what's the status of the Musk/Twitter deal? 3 key developments to note. Twitter, has laid off 30% of its talent acquisition team, per WSJ. https://lnkd.in/d38rGUvX https://lnkd.in/d38rGUvX Elon Musk’s deal to buy Twitter, is in peril, per Washington Post. It states talks with investors have cooled down. https://lnkd.in/dg7d_Vsr https://lnkd.in/dg7d_Vsr Twitter, has reaffirmed that spam accounts represent less than 5% of daily users based on closely held user https://lnkd.in/dy37nMsu https://lnkd.in/dy37nMsu
andsoitis 4y ago
No, he is still trying to get out of the purchase agreement he has signed.

blitzar 4y ago

What is a talent acquisition team and why did twitter need one? Is it like the Scouts in Moneyball? https://www.youtube.com/watch?v=pWgyy_rlmag https://www.youtube.com/watch?v=pWgyy_rlmag "Jane has a good looking typing motion, has a git checkin rate of .324, and scored a 465 on their leetcode" "She has an ugly husband though, suggests a lack of confidence" "I like Jim, good coders body, lean cut, good face. Good looking keystroke, the code just explodes off his keyboard with a real pop. You can hear it all the way over at the kombucha tap." "If he codes so good, where are the git checkins? He's checking in at a .154"

paulgb 4y ago
It’s a fancy phrase for tech recruiting.
stepanhruda 4y ago
It’s recruiters…
jorgemf 4y ago
I think it is just a way to call the human resources team. It sounds better if you are hired by the talent acquisition team rather than the human resources team.
- thrwyoilarticle 4y ago
  Putting all of it under the umbrella term of HR is like putting software engineering and dev ops under the 'IT' umbrella. There's no cross-capability.
  - t_mann 4y ago
    I've seen people move into and out of HR roles from areas far more exotic than recruiting, including PAs, engineers, accountants, and be very successful at it. Claiming that there is 'no cross-capability' between HR and recruiting, when those jobs are often done by the very same people in smaller organizations, is ludicrous. You've drunk so much of the corporate bureaucracy kool-aid that you started to believe it is truly necessary.

egberts1 4y ago

Talent? Didn’t know that much talent is required to get the talents to maintain a trillion 140-char records distributed database. Must be the 10,000+ “bot-farmers” (according to SEC filing).

KptMarchewa 4y ago
It's 280 now. Double the challenge.
winternett 4y ago
I wanted to have faith that Twitter could actually return to it's former glory, before it was a dictatorial nightmare... Twitter literally varies it's timeline every day to simply push what it wants to to everyone, just like Instagram. Literally, I've watched it switch from real time reporting to just a total spam haven that ignores everyone's wishes and pushes out repetitive content and dull posts from people and corps that pay money for visibility. Not even top posts are ranked based by likes or even account popularity (real or even fake followers) any more. Based on what I've observed, it's just whoever pays or spams keywords that ranks first. It's just opinion of course, but I feel like dead Internet is alive and well on Twitter, and even the deal to purchase it is a promotional scheme to keep everyone distracted from the underlying feeling that Twitter is a lifeless shell of it's former self. It eventually gets to the point where you've got to stop logging in because the emphasis on content that has no real value ranks above the real interesting, relevant, and noteworthy stuff anyone posts on there. It's corrupted far too much to go back to being functional, a smoke screen for pocket change behind the scenes. Elon could do better just building something entirely new (opinion again, but I think the people that really use it would agree).
- cuteboy19 4y ago
  I have never seen an authentic hashtag in the trending section. Either its some advertisement or its an obviously astroturfed political campaign.
  - winternett 4y ago

weezin 4y ago

I wonder how much of this is economy versus Elon wanting to instill the type of workforce he wants by replacing the cause at the source. Similar to how companies make no politics policies and then give people that don't like that a generous severance.

paulcole 4y ago
Probably 0 to do with Elon given that he hasn’t bought Twitter yet. Who cares what he wants to do when he hasn’t written the check yet?
- weezin 4y ago
  True, but their hiring freeze was pretty close to the acquisition announcement. So I feel like that is partly to blame.
j_mo 4y ago
I'd imagine it's entirely due to the economic downturn, as most high growth tech companies have slashed hiring this year.
- anothernewdude 4y ago
  They have, but this is a long-term play. Slowing hiring is one thing, but slowing your ability to ramp up is commitment to slowing hiring for a long time in the future.

Proven 4y ago

deleted 4y ago

[deleted]

deleted 4y ago
[deleted]