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17% is a huge cut. More than that and you end up damaging operations. Look what is happening to X / Twitter. PS. Spotify had already two layoffs, once 6% in

17% is a huge cut. More than that and you end up damaging operations. Look what is happening to X / Twitter. PS. Spotify had already two layoffs, once 6% in Jan 2023 and 2% in June. This combined seems like a 25% ish cut.

rapsey 3y ago
It's seeing more use than ever with a fraction of the staff?
- epistasis 3y ago
  Unless they can somehow turn "use" into money, more use does nothing to help X as a company. And the prior method of turning use into money, advertisements, has been dropping like a rock due to the inability of the company to keep ads away from toxic content no advertiser would ever want their ads near. Can't cut costs to profitability if you are cutting revenue faster than costs.
  - deleted 3y ago
    [deleted]
- carb 3y ago
  - Features have to keep being deprecated because once they degrade it's too hard to fix. - Use is only up when measuring metrics like "we hit our peak user-seconds" which only measures short term usage spikes and not longer time-scale sustaining metrics. - Lack of diversity of users, instability of ads performance, and a CEO making antisemitic and anti-Palestinian claims has led to advertisers pausing Twitter ads at a high rate. Valuation has dropped to $10s of Billions instead of $44B. - Small bugs never get fixed (on Firefox mobile if I accidentally hit the "Views" button on a tweet, the pop-up modal is inescapable and breaks my back button and tab state, so I have to open Twitter in a new tab.
- hackernewds 3y ago
  but is it growing? they have the privilege of maintaining an amazing product
- ssnistfajen 3y ago
  That is meaningless when the vast majority of users aren't paying and won't pay for the foreseeable future. Advertisers pay, and Elon is doing all he can to drive away advertisers. Ad quality on Twitter has severely degraded over the past two months and we all know why.
toboche 3y ago
Twitter doesn't have to pay the huge content fees as Spotify does.
- puszczyk 3y ago
  They do have to payback the loans that were taken to do the leveraged buyout

rapsey 3y ago

It's seeing more use than ever with a fraction of the staff?

epistasis 3y ago
Unless they can somehow turn "use" into money, more use does nothing to help X as a company. And the prior method of turning use into money, advertisements, has been dropping like a rock due to the inability of the company to keep ads away from toxic content no advertiser would ever want their ads near. Can't cut costs to profitability if you are cutting revenue faster than costs.
- deleted 3y ago
  [deleted]
carb 3y ago
- Features have to keep being deprecated because once they degrade it's too hard to fix. - Use is only up when measuring metrics like "we hit our peak user-seconds" which only measures short term usage spikes and not longer time-scale sustaining metrics. - Lack of diversity of users, instability of ads performance, and a CEO making antisemitic and anti-Palestinian claims has led to advertisers pausing Twitter ads at a high rate. Valuation has dropped to $10s of Billions instead of $44B. - Small bugs never get fixed (on Firefox mobile if I accidentally hit the "Views" button on a tweet, the pop-up modal is inescapable and breaks my back button and tab state, so I have to open Twitter in a new tab.
hackernewds 3y ago
but is it growing? they have the privilege of maintaining an amazing product
ssnistfajen 3y ago
That is meaningless when the vast majority of users aren't paying and won't pay for the foreseeable future. Advertisers pay, and Elon is doing all he can to drive away advertisers. Ad quality on Twitter has severely degraded over the past two months and we all know why.

toboche 3y ago

Twitter doesn't have to pay the huge content fees as Spotify does.

puszczyk 3y ago
They do have to payback the loans that were taken to do the leveraged buyout