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You're talking more about standard procedure after an acquisition. The new owners come in and look for redundancies and try to cut there. This was a change in
by matwood 4y ago
You're talking more about standard procedure after an acquisition. The new owners come in and look for redundancies and try to cut there.
This was a change in ownership, not an acquisition. There's an assumption about a lot of dead weight at Twitter. There certainly may be, but it's not simple redundancies (ie, you don't need 2 accounting depts.). Instead they'll have to figure out if Twitter really needs that many people.
My guess is Twitter isn't as over-staffed as people think. Content moderation and multi-country policy likely require a lot of staff. To quote Scott Galloway on his attempted company take overs, "I often find out I'm not as smart as I thought I was, and the existing management isn't as dumb as I thought they were."