4 ms·

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..