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why do you think the previous management team couldn't pull an Elon and fire 80% of the engineering staff themselves? why they needed an external leadership to
by ahmadyan 9mo ago
why do you think the previous management team couldn't pull an Elon and fire 80% of the engineering staff themselves? why they needed an external leadership to take over and do it?
Part that i can't wrap my head around was at least in case of twitter, it was a hostile take over. In case of Vimeo, it didn't look hostile at all.
- Nextgrid 9mo agoI wonder if existing management had a lot of social ties to the existing workforce so that they couldn't easily get away doing that themselves without a big hit to their reputation. Letting someone else do the dirty work allows them to disassociate themselves from the (predictable) outcome and frame it as just business.
- johnnyanmac 9mo agoMaybe they could have. But they have 1.4 billion reasons to just walk away and either retire or try something else instead.
- lotsofpulp 9mo agoTwitter was not a hostile takeover. https://en.wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon_Musk https://en.wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon... > Twitter's board publicly and unanimously accepted the buyout offer for $44 billion