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How much revenue has twitter lost since the layoffs? At least a 22% decrease. Which is enough to mean shareholders would have gotten more money if all the usele

How much revenue has twitter lost since the layoffs? At least a 22% decrease. Which is enough to mean shareholders would have gotten more money if all the useless employees had continued executing their "useless" function. And this is assuming 2024 is going well for twitter. I doubt it.

recursive 2y ago
Those employees weren't free. You have to subtract those costs to employ from the 22% to get a more realistic shareholder impact.
- adamrezich 2y ago
  Without doing the math, 80% staff reduction (~6500 employees) for 22% revenue decrease sounds pretty darn good to me.
  - bilekas 2y ago
    Am I wrong in saying if it was an generous estimate of 1 million per employee there is 6.5 billion, and that's insane generous. 20% being around 9billion... Back of napkin math would disagree..
    - somenameforme 2y ago
      Your dramatically overestimating Twitter's revenue. In 2021 it was about $5 billion in total. [1] Probably more like $100k per employee so around $650 million in labor cost reductions, and then around $1 billion loss in revenue. They are expected to become profitable sometime this year, so these numbers are probably roughly in the right ballpark. [1] - https://www.statista.com/statistics/274568/quarterly-revenue-of-twitter/ https://www.statista.com/statistics/274568/quarterly-revenue...
      - candiodari 2y ago
        That would still have every employee bring in ~double their pay.
      - bilekas 2y ago
        Ahh I was working off twitter's Value as opposed to earnings. But to turn profitable sounds optimistic..
- bilekas 2y ago
  They're not free but there's not a chance it is a dent in the assumed losses here in advertising alone.
MisterDizzy 2y ago
Yes, financial activism can have quite the wide ripple if you piss off the wrong big city liberals by taking away their ability to remove entire stories from the internet in direct cooperation with un-elected portions of the government. Edit: We tech types are so predictable it's almost trite. Sorry I don't agree with your well-meaning technocracy and disingenuous moralistic posturing.
throwawayq3423 2y ago
Not to mention the value. Went from 55 to what 15 billion? Maybe 10? I don't think the cost cutting of a few hundred people making 6 figures makes that worth it.

recursive 2y ago

Those employees weren't free. You have to subtract those costs to employ from the 22% to get a more realistic shareholder impact.

adamrezich 2y ago
Without doing the math, 80% staff reduction (~6500 employees) for 22% revenue decrease sounds pretty darn good to me.
- bilekas 2y ago
  Am I wrong in saying if it was an generous estimate of 1 million per employee there is 6.5 billion, and that's insane generous. 20% being around 9billion... Back of napkin math would disagree..
  - somenameforme 2y ago
    Your dramatically overestimating Twitter's revenue. In 2021 it was about $5 billion in total. [1] Probably more like $100k per employee so around $650 million in labor cost reductions, and then around $1 billion loss in revenue. They are expected to become profitable sometime this year, so these numbers are probably roughly in the right ballpark. [1] - https://www.statista.com/statistics/274568/quarterly-revenue-of-twitter/ https://www.statista.com/statistics/274568/quarterly-revenue...
    - candiodari 2y ago
      That would still have every employee bring in ~double their pay.
    - bilekas 2y ago
      Ahh I was working off twitter's Value as opposed to earnings. But to turn profitable sounds optimistic..
bilekas 2y ago
They're not free but there's not a chance it is a dent in the assumed losses here in advertising alone.

MisterDizzy 2y ago

Yes, financial activism can have quite the wide ripple if you piss off the wrong big city liberals by taking away their ability to remove entire stories from the internet in direct cooperation with un-elected portions of the government. Edit: We tech types are so predictable it's almost trite. Sorry I don't agree with your well-meaning technocracy and disingenuous moralistic posturing.

throwawayq3423 2y ago

Not to mention the value. Went from 55 to what 15 billion? Maybe 10? I don't think the cost cutting of a few hundred people making 6 figures makes that worth it.