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Tech workers better hope that rate hikes stop soon, otherwise CEOs might take Musk as inspiration. Almost everybody agrees that his actions are extreme and oft
by dahwolf 3y ago
Tech workers better hope that rate hikes stop soon, otherwise CEOs might take Musk as inspiration.
Almost everybody agrees that his actions are extreme and often stupendous. But that's not the point. The point is that he fired 80% and Twitter is still operational.
Also, Twitter 5 times smaller than before seems to fairly rapidly change/add features, whilst old Twitter never shipped anything.
Nobody should adapt these crazy tactics, but it's an (extreme) demonstration of fluff and discovering core value. You don't have to go Musk mode, but Musk demonstrated the effect of a decimation of the work force.
That suggests to CEOs that one might go half-Musk mode. There's a lot of room to cut when you previously hired entire villages each year. Not 80%. But 30%? Why not. 40%? Maybe.
Consider Facebook's "year of optimization". They hired so many people that it takes them a year to figure our what all these people are even doing. What you have normalized as "normal times" were in fact dot com boom times.