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I got laid off in November (not faang). I was going to wait until the right position came around, but as the lay offs kept coming in January I jumped on the fir
by ahi 4y ago
I got laid off in November (not faang). I was going to wait until the right position came around, but as the lay offs kept coming in January I jumped on the first non-terrible opportunity. If the music stops I don't want to be without a chair.
- ejb999 4y agogood choice - you definitely don't want to be caught without a chair when the music stops. Whether one likes musk or not, and whether or not you agree with how he is running twitter or not - he let go like 80% of the company and it is still more or less running (with some bumps) - I don't think other companies will go to quite that extreme, but I'd bank that some executives right now in some companies are asking themselves "can we at least cut 33% of the staff and still keep things (more or less) running"?
- yunwal 4y agoI mean, twitter’s worth about 40% of what it was when Musk bought it. Hardly a success story.
- wincy 4y agoIt’s not worth anything until he sells it. That’s just some imaginary number people are making up to cast aspersions at Elon Musk.
- yunwal 4y agoI mean, fidelity has no reason to cast false aspersions at musk especially since they own equity in several of his companies https://www.axios.com/2023/01/29/fidelity-cuts-twitter-valuation-elon-musk https://www.axios.com/2023/01/29/fidelity-cuts-twitter-valua...
- andsoitis 4y agoHow are you calculating its current value, given its finances are now private and it is not traded on the open market?
- yunwal 4y agoFinancial institutions that own significant equity in twitter still publish their valuations https://www.axios.com/2023/01/29/fidelity-cuts-twitter-valuation-elon-musk https://www.axios.com/2023/01/29/fidelity-cuts-twitter-valua...
- andsoitis 4y agoHa! Interesting. Thanks for that, I stand corrected.
- skinnymuch 4y agoI expect Twitter to be worth even less than 40% with that $8B in debt on the books.
- ejb999 4y agoand they are the only tech company that is down 40% or more since their high, correct?
- yunwal 4y agoNot the only one, but idk why people would follow Musk’s lead as opposed to, say, Tim Cook’s, when apple’s valuation has barely taken a dip.
- DoesntMatter22 4y agoTesla is also making money hand over fist so following Musk makes sense. He just acquired twitter which was a money loser. Going to take time to turn it around
- weatherlite 4y agoExcellent choice. If/when things improve you can make the switch, for now you've got steady income and a non terrible position. That's better than a lot of people.