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This is peak private equity mentality stupidity. Why is he even thinking about a problem where he can at most save a few million a year? Twitter is losing $4m a
by usednet 4y ago
This is peak private equity mentality stupidity. Why is he even thinking about a problem where he can at most save a few million a year? Twitter is losing $4m a day and is bleeding talent. Providing food is one of the highest benefit to cost ratio expenses for employee satisfaction. At a time when employee morale is at an all time low and Elon is forcing a return to office, I can legitimately see charging for meals as the last straw for any remaining talent at Twitter.
- mikkergp 4y agoAlso it probably pays for itself not having your staff have to wait in line at local restaurants and taking longer for lunch, but I imagine his fanbase loving the stories of the efficient business savvy hero coming in and cleaning out SV of the lazy fat cats. Also, if his solution is to charge for meals… the meals costing $400 a person and people not paying for their meals are two different problems. One is an efficiency problem and one is an expense problem. Charging people for their meals doesn’t solve the efficiency problem(if it exists)
- fzeroracer 4y agoNot only does the cost he quotes not add up (given that he's an outright liar this does not surprise me) but even in the extreme example like you said this is a drop in the bucket compared to the millions burning each day. And since Elon decided to force everyone back into the office, he expects them to work but also offer zero perks to working in office. It's all so incredibly stupid.
- inferiorhuman 4y agoHe's going about it in an awkward way but Musk wants the employees gone as cheaply as possible. Everything he's done so far is just means to an end. Asking laid off workers to return to work (refuse = fired for cause + no severance), demanding everyone else to return to the office (quit = no severance or UI), killing office perks (quit = no severance or UI).
- zen21 4y agoWorth noting that around $3M a day of twitter’s losses exist only to pay the debt Elon himself took on. Why would Twitter employees be working to pay for Elon to be CEO rather than for their own lunches?
- joegahona 4y agoIs he cutting snacks too? Or just full-fledged meals? Meals seems like something an excessively profitable company would offer as a perk, but that ain’t Twitter right now. I don’t think Microsoft or Amazon provide free meals to their employees.
- ravenstine 4y agoHow much talent does Twitter really need? It's still online. Is talent only available when lunches are free and swanky, and work is remote? Believe it or not, there's talent outside Twitter and even SV. Twitter employees aren't special.
- jurassic 4y agoThe pettiness is the point. Elon is working hard to dismantle everything and anything that employees enjoy to drive them to leave without severance.