3 ms·

If you still work at Twitter, you can’t act surprised tbh. Twitter and Elon Musk: Never paid bonuses, kept firing people randomly, didn’t respect the severance

If you still work at Twitter, you can’t act surprised tbh. Twitter and Elon Musk: Never paid bonuses, kept firing people randomly, didn’t respect the severance terms, clawed back executive pay that was legally required to be paid out at acquisition, didn’t pay the rent on the office building, kept hanging the promise of “equity” to the employees who stayed without actually handing it out for an extended period of time, shut down a data center on Christmas Eve to make employees work on Christmas and so much more. Twitter Employees who still stick around, when promotions are delayed: surprised Pikachu face

exodust 2y ago
> kept firing people randomly Likewise my downvote of your comment was random, unrelated to what you wrote. On a more sensible note, do we care that X staff promotions are "delayed"? What emotion am I meant to feel about this news?
- adleyjulian 2y ago
  I'm not sure if you're supposed to have an emotional reaction. The delayed reviews combined with the head of business operations leaving, the rumors of missed revenue targets and lower ad quality speaks to financial difficulties. People are worried about further lay offs and the all-hands didn't really assuage concerns. Twitter as a business would probably be fine and cash flow positive, but it has a billion dollar annual debt servicing weighing it down.
  - darth_avocado 2y ago
    All the financial difficulties were brought on by one person and one person only. The debt structuring was bad, but could work. Pre acquisition the revenue and profitability was growing. Instead of coming in, keeping things as is, understanding the business and making changes over time, he went spitefully nuclear and stripped the business back to bare bones. And that still would’ve worked, but instead he went ahead and antagonized the only source of revenue he had, the advertisers. At that point, the business no longer is viable.
me_me_me 2y ago
that is extra rich give that he wanted $50B bonus himself
- gaws 2y ago
  And... his board gave it to him.

exodust 2y ago

> kept firing people randomly Likewise my downvote of your comment was random, unrelated to what you wrote. On a more sensible note, do we care that X staff promotions are "delayed"? What emotion am I meant to feel about this news?

adleyjulian 2y ago
I'm not sure if you're supposed to have an emotional reaction. The delayed reviews combined with the head of business operations leaving, the rumors of missed revenue targets and lower ad quality speaks to financial difficulties. People are worried about further lay offs and the all-hands didn't really assuage concerns. Twitter as a business would probably be fine and cash flow positive, but it has a billion dollar annual debt servicing weighing it down.
- darth_avocado 2y ago
  All the financial difficulties were brought on by one person and one person only. The debt structuring was bad, but could work. Pre acquisition the revenue and profitability was growing. Instead of coming in, keeping things as is, understanding the business and making changes over time, he went spitefully nuclear and stripped the business back to bare bones. And that still would’ve worked, but instead he went ahead and antagonized the only source of revenue he had, the advertisers. At that point, the business no longer is viable.

me_me_me 2y ago

that is extra rich give that he wanted $50B bonus himself

gaws 2y ago
And... his board gave it to him.