Elon Musk cuts Twitter employee benefits as he warns of bankruptcy

[zolly]

You are following the wrong people.

It's less about what was I was following and what was popular. I.E. Which conversations dominated the platform. Also, the amount of inflammatory content on there is way higher than other platforms.

 

[BBSA]

 

[BlackStatic]

I don't get these enormous single-app staff sizes, Whatsapp is like 200 people max.

I mean, there are people in big tech gloating on social media about how little they do, the companies look more like luxury resorts than places of honest soul crushing grafting.

O Here, Elon Musk is not the oke I associate with "bean bag, wine on tap" big tech palaces, must be traumatic for the "folks" in Twitter right now, he is 100% the engineer/operations type, hulle gaan klippe kak.

Must be said, though, even trimming Twitter down to the absolute bare team of high value psychotic masochists, it's going to be a LONG road to recoup that $40 000 000 000,00, more so if you want to do it honestly

I think there were some shaaaady transactions in pre-Musk Twitter, has to have been.

 

[leonb]

This guy's a joke.

No, he is not a joke.

Look at his achievements.

It is all part of a bigger plan.

 

[Pegasus]

The NASDAQ has lost 30% already this year. That's where the tech stocks are. And a large chunk of my pension savings.
One would expect most of the companies are struggling.

 

[LCBXX]

Outrage against Musk because of an entire article based on hearsay? Where are the fact checkers??

 

[rvZA]

Get rid of the lot. Later replace them with people willing to work.

 

[Blackhand]

One of two outcomes here:
1. He's able to rectify the situation and Twitter.
2. Twitter goes bankrupt and disappears.

I'm happy with either outcome.

 

[rvZA]

2. Twitter goes bankrupt and disappears.

Most likely what is going to happen. There was likely a plan to buy it out and kill the platform off. Killing the media board for the socialist / communist movement.

 

[Fcon_Vpro]

The article is very biased towards the previous staff members, but they were part of the problem and the reason why twitter wasn't making money.
Once the dust settles, advertisers will come back and the same users will be there.
Musk is actively looking for solutions outside of just advertising.
The company will be leaner and have the best chance to make a profit.

 

[TheMightyQuinn]

This guy's a joke.

"Employees should brace for 80-hour work weeks."

No thanks I'll just leave.

“If you don’t want to come, resignation accepted,”

Oh well we already covered that above, but yeah definitely I'll just leave.

How will Musk sleep tonight???

 

[BlackStatic]

I want to impress upon you guys, that Musk can lose 99% of his assets and have more capital for 100 lifetimes, world is unfair like that, lol.

$40b is a side project for this guy, it's sick if you think about it.

He seems to be having fun, so for him it's time well spent, money hasn't applied to that dude a long time ago.

If you have that much wealth, you can literally borrow against your own investments at maybe, MAYBE 1% interest, the system is totally broken on that level.

Give this a watch, the world is very unfair.

 

[Easter Bunny]

i thought it was going to take a year or two. i really expect that poepkop to run it into the ground in a few weeks. i mean, come on, even our government can't destroy something that fast.
gonna love hearing all his weird nerds spin their defenses on this one.

 

[AstroTurf]

So according to him WFH is slacking?

He actually told Tesla employees the same a while back. It is an Elon Musk policy.

 

[Cray]

I want to impress upon you guys, that Musk can lose 99% of his assets and have more capital for 100 lifetimes, world is unfair like that, lol.

$40b is a side project for this guy, it's sick if you think about it.

He seems to be having fun, so for him it's time well spent, money hasn't applied to that dude a long time ago.

If you have that much wealth, you can literally borrow against your own investments at maybe, MAYBE 1% interest, the system is totally broken on that level.

Give this a watch, the world is very unfair.

Love his videos.

 

[PaulMurkin]

He actually told Tesla employees the same a while back. It is an Elon Musk policy.

Ja I remember now...

 

[BlackStatic]

Love his videos.

Hy is n aap! LOL

But very entertaining and he explains complex financial stuff very well.

 

[_TrXtR_]

i thought it was going to take a year or two. i really expect that poepkop to run it into the ground in a few weeks. i mean, come on, even our government can't destroy something that fast.
gonna love hearing all his weird nerds spin their defenses on this one.

View attachment 1419715

So you expected him to run it into the ground due to what? He's previously massive successes that tower in comparison to anything you have done your whole life. Funny fact twitter and all big tech in US was over inflated in value. The investment wasn't needed it was quick money making schemes. The investors cached out its pay day.
Not any action he has done is driving the company to bankruptcy. Thry company drove itself there when it overstuffed because of the massive investment pool. I think it's possible Musk said this, but maybe it was the oculus guy.... but a company can have too much funding. When it has too much funding people plan big things long term with lotsa money invested into it and **** things up. Like Twitter. Twitter has many departments that has nothing to do with the business of dropping tweets.

Twitter ran themselves into the ground and lied about it.

 

[LazyLion]

 

[quovadis]

Twitter ran themselves into the ground and lied about it.

If that were true Musk wouldn't have gone to the trouble of buying them as he did. He simply could have waited for it to fail and owned it outright for cents on the dollar and probably would've had a better reception from the Twitterati in general.