> CEOs are doing layoffs because Elon dumped 80% of Twitter staff and it didn't collapse. Anyone that ever worked in a sufficiently large tech company knows th

> CEOs are doing layoffs because Elon dumped 80% of Twitter staff and it didn't collapse. Anyone that ever worked in a sufficiently large tech company knows that it can keep the lights on with a skeleton crew. It doesn't mean the results will be good or desirable, but it can be done. Over time cracks will start to show. New featurs are seldom delivered and half-assed. Bugs will take a long time to fix or just become part of the landscape. That sort of thing. Twitter is a special case that Musk did not buy it to make it into a profitable company, or to make it more valuable, or to improve it in any way. He just bought it because he wanted to rid it of the "woke mind virus" (and factually tried to get out of the deal and was sued into actually buying it). CEOs are doing layoffs for a variety of reasons, but mostly to improve profits by reducing costs. These cycles happen, and what it actually points to is that those companies are not seeing a viable path for growth at the moment that justifies their valuation. Layoffs with some vague gestures towards AI is a good smokescreen for the time being.