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Just speculating here, but I think Musk gutting Twitter staff was the catalyst. Layoffs were already happening, but Musk went to the extreme and it worked, at l
by notadev 4y ago
Just speculating here, but I think Musk gutting Twitter staff was the catalyst. Layoffs were already happening, but Musk went to the extreme and it worked, at least from the outside looking in. A day after his initial layoffs is when Meta and Amazon both made the news for upcoming layoffs.
- 1234letshaveatw 4y agoBy what measure did it work? I am curious if you are going by share price, or ROI or Revenue per employee? or uptime?
- BigRedDog1669 4y agoThe website stayed up and there wasn't any big short term existential political problems. (Not speculating on whether it's wise, just that it's feasible in the short term.)
- fragmede 4y agothat's a difficult pill to swallow, but I think you're right.
- mrandish 4y agoIt may have been a catalyst for the timing of accelerating the announcements slightly but I doubt it was a catalyst for the layoffs directly. Large public companies consider the perceptual impact of negative announcements on the stock and brand and there's some benefit to being perceived in a trend vs an outlier.