5 ms·

I wonder if this is directly or indirectly related to what Elon Musk did at Twitter.

• mc32 4y ago
  Doubt it. Quite a few tech cos have been announcing freezes as well as RIFs. Most are trimming fat because of market conditions (economic slowdown) Twitter because they were management heavy and they were bought out and needed to trim some excess weight.
  • duhast 4y ago
    Is there any actual public evidence of Twitter being management heavy outside single statement made by Musk?
    • bdavis__ 4y ago
      There is only room for Elon in the management suite.
• strangattractor 4y ago
  Possibly indirectly in the sense most people are going to be consumed with the Twitter debacle and won't really pay much attention to what is going on at Meduh.
• drpgq 4y ago
  If Musk hadn't made a Twitter offer, where would their stock be today? Probably low enough that big layoffs were inevitable.
  • hongtona 4y ago
    https://news.ycombinator.com/item?id=33497290 https://news.ycombinator.com/item?id=33497290
• EMM_386 4y ago
  It likely has nothing to do with it. I'd blame this more on overblown headcount combined with the new built-in privacy features on both Apple and Android phones for hitting adtech revenue. But one could have seen that coming a year in advance, when these features were being prepared. Oh, and for Meta specifically, this outsized bet on the "metaverse".