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Musk laid off like half of Twitter and the website did not fall apart(edit: from a technical standpoint), contrary to the predictions of some people on this sit
by mamonster 3y ago
Musk laid off like half of Twitter and the website did not fall apart(edit: from a technical standpoint), contrary to the predictions of some people on this site. All the Valley VCs / tech CEOs looked at that and said " Surely we can replicate at least some of that".
Institutional investors really like the "revenue per worker" number. If you have 10 workers making you a 100 dollars(10 per worker), firing 2 people and still making a 100 dollars means you now make 12.5 per worker, i.e your "management" delivered a 25% productivity increase.
Another maybe underdiscussed reason is the (coming?) tax law change that would make developer salaries capitalized instead of expensed. I think this one will probably get cancelled(as it will seriously mess up tech business economics) but some are already preparing.