3 ms·
Maybe, but consider this. First, you are unlikely to get a 1:1 overlap between the 20% staff you retain and the most impactful 20%. Next, business is not a spri
by Communitivity 4y ago
Maybe, but consider this. First, you are unlikely to get a 1:1 overlap between the 20% staff you retain and the most impactful 20%. Next, business is not a sprint, it's a marathon relay race - the people you need will depend on the product, development phase, and market changes. Last, there is a difference between survive and thrive. Your business may limp along on life-support until it recovers (in part from re-hiring enough staff), or more likely, dies a slow agonizing death. If you cut 80% of your staff I think the loss of institutional knowledge alone could prevent thriving.
These are some of the reports to consider:
* Twitter had around 7500 staff when Elon Musk purchased it. Twitter by many accounts now has less than 1000 staff. Some accounts place that number less than 500.
* I think the losses aren't done. Elon Musk reportedly started reviewing every coder's performance, accomplishments over the last six months, and code snippets. He might be going to give the best of them a bonus (inciting jealousy and possible resignations in some of the others). More likely in my opinion, he's going to fire more people.
* Advertisers are seeming to shun Twitter now. See GroupM's labeling of Twitter a 'high risk' [1]. Hiring, or re-hiring, needed staff will be hard with the volatility perceived and with a lack of money as inducement.
I love Twitter, and use it for many things. It's too early to say Twitter's ultimate fate for certain, but I suspect this Thanksgiving will be Twitter's last. Banks could always buy a failing Twitter and bring it back. Who knows?
[1] https://digiday.com/marketing/never-been-critical-twitters-ad-boycott-is-starting-to-look-like-a-long-goodbye/ https://digiday.com/marketing/never-been-critical-twitters-a...