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Of those 4M/day, 2.7M are the interest on the leveraged buyout debt that Musk had Twitter take, they weren't there before! In comparison, assuming an everage y

Of those 4M/day, 2.7M are the interest on the leveraged buyout debt that Musk had Twitter take, they weren't there before! In comparison, assuming an everage yearly cost per fired employee of 200K, by firing 3000 of them they are saving 1.6M a day. Musk added 2.7M/day of purely financial cost, and then tried to reduce the damage by firing half the company and it's not even nearly enough! And this is before the lost income from advertising... I won't pretend to know business better than the richest man in the world, but from down here this sure looks like the train wreck of the century. We'll see I guess.

theonething 4y ago
I wonder if all these commenters blaming Musk for screwing up Twitter and the layoff realize that the pre-Musk Twitter had already planned layoffs. > Before Musk took over the site, Twitter had already planned broad layoffs, which would have affected up to a quarter of the staff, according to people familiar with the plans. The Post reported previously the company’s board was planning to cut thousands of jobs as part of an effort to save $700 million in labor costs. https://www.washingtonpost.com/technology/2022/11/03/elon-musk-twitter-layoffs/ https://www.washingtonpost.com/technology/2022/11/03/elon-mu...
- watwut 4y ago
  This is like saying that people who call new painting as super ugly on the wall should stop complaining, because there was originally plan for different painting. Size of layoffs matter. How you execute layoffs matter. How you choose people to be fired and how you treat them matter a lot. And also, it matter a lot whether you dont play into hostile attitude nonsense toward them on social media (they were surely all lazy useless zero product employess think should be at least commented on). You can come in, have respectful speech, announce yourself as an owner, announce future layoffs and then work on one that at least appear semi reasonable. Or, you can come in with sink, hahaha, make it into twitter joke, spend weekend planning layoff while joking about it on twitter. These two are radically different.
  - theonething 4y ago
    eh, most of the comments here aren't saying what you're saying. They are blasting Musk for having layoffs in general.
    - watwut 4y ago
      It really does not seem so to me. They complain about size of it, speed of it and the way it was done. They are however reacting in more of emotional way. The thing is, Musk really went out of his way to troll Twitter employees and those who like twitter. And his fans really went out of way to mock fired people, call them lazy and so on. It was not just layoff, it was layoff designed to let you know how much looser you are. People respond in kind, with schadenfreude and bullying back.
      - theonething 4y ago
        > They complain about size of it, speed of it and the way it was done I haven't seen much of that here in HN though. Do you have examples? > It was not just layoff, it was layoff designed to let you know how much looser you are. Again, I don't see that. It just needed to be done. Could have been handled better? Were mistakes made? Probably. But I don't think it was intentional to show what a loser people are. DHH has a nuanced take on it that I like. https://world.hey.com/dhh/apple-fired-4-100-when-steve-jobs-returned-in-1997-57ed6bc6 https://world.hey.com/dhh/apple-fired-4-100-when-steve-jobs-... He quotes Jobs during his return and reboot of Apple > Some mistakes will be made. That's good. Because at least some decisions will be made too. We'll fix them... But I think it's so much better than where things were not very long ago.

theonething 4y ago

I wonder if all these commenters blaming Musk for screwing up Twitter and the layoff realize that the pre-Musk Twitter had already planned layoffs. > Before Musk took over the site, Twitter had already planned broad layoffs, which would have affected up to a quarter of the staff, according to people familiar with the plans. The Post reported previously the company’s board was planning to cut thousands of jobs as part of an effort to save $700 million in labor costs. https://www.washingtonpost.com/technology/2022/11/03/elon-musk-twitter-layoffs/ https://www.washingtonpost.com/technology/2022/11/03/elon-mu...

watwut 4y ago
This is like saying that people who call new painting as super ugly on the wall should stop complaining, because there was originally plan for different painting. Size of layoffs matter. How you execute layoffs matter. How you choose people to be fired and how you treat them matter a lot. And also, it matter a lot whether you dont play into hostile attitude nonsense toward them on social media (they were surely all lazy useless zero product employess think should be at least commented on). You can come in, have respectful speech, announce yourself as an owner, announce future layoffs and then work on one that at least appear semi reasonable. Or, you can come in with sink, hahaha, make it into twitter joke, spend weekend planning layoff while joking about it on twitter. These two are radically different.
- theonething 4y ago
  eh, most of the comments here aren't saying what you're saying. They are blasting Musk for having layoffs in general.
  - watwut 4y ago
    It really does not seem so to me. They complain about size of it, speed of it and the way it was done. They are however reacting in more of emotional way. The thing is, Musk really went out of his way to troll Twitter employees and those who like twitter. And his fans really went out of way to mock fired people, call them lazy and so on. It was not just layoff, it was layoff designed to let you know how much looser you are. People respond in kind, with schadenfreude and bullying back.
    - theonething 4y ago
      > They complain about size of it, speed of it and the way it was done I haven't seen much of that here in HN though. Do you have examples? > It was not just layoff, it was layoff designed to let you know how much looser you are. Again, I don't see that. It just needed to be done. Could have been handled better? Were mistakes made? Probably. But I don't think it was intentional to show what a loser people are. DHH has a nuanced take on it that I like. https://world.hey.com/dhh/apple-fired-4-100-when-steve-jobs-returned-in-1997-57ed6bc6 https://world.hey.com/dhh/apple-fired-4-100-when-steve-jobs-... He quotes Jobs during his return and reboot of Apple > Some mistakes will be made. That's good. Because at least some decisions will be made too. We'll fix them... But I think it's so much better than where things were not very long ago.