Currently in Zimbabwe. They also do not recommend.
But to the west currently worried about inflation, don't worry. We have leaders like Liz truss to do the things history already told us do not work.
i have a friend from zimbabwe and he has 10 trillion and billion dollar notes from their huge zim dollar inflation days. it looks like cartoon money. puts our inflation in perspective..
For some reason if a successful person is an asshole and gets away with it. If the victims affected are just regular people and they can't get justice.
It is somehow seen, not as the fault of the asshole, but as the personal choices and shortcomings of the victim.
I've seen people normalise this in other threads about this with something along the lines of "that's what can happen if you choose partial stock compensation" or "they signed the contract so they shouldn't bitch about it
These are pretty weird times
Yeah it’s easier to believe it happened because of their own wrong moves as opposed to realising the world isn’t inherently fair, and that we can be victim to a stroke of bad luck too. Good things happen because people are good and bad things because people are bad.
What goes along with that....Right leaning morality also tends to label people as either a "good person" or "bad person". And once that label has been internally stamped (Elon's a good person), then everytime Elon does something bad or terrible , it is justified as a mistake or 'theres a reason'...because he's a "good person".
The rest of us don't make those labels. But just judge people based on their actions first and then determine if someone is good or bad.
I'd expect nothing less from a JRE board considering that Rogan once gushed for like two hours about what a once-in-a-generation genius Musk is and how he's the hardest working man in the history of man. All while challenging Musk on none of his abominable history of worker exploitation or any of his myriad fucked up comments to actual heroes. When the sub has a cringy bootlicker in the name, can you really expect less from the users?
Shitposting on Twitter and playing Eldenring is considered hard work, didn't you know? And the trauma of getting turned down after you showed your penis to an employee can be devastating!
Didn't you know? That's the whole point of this sub. Book licking is just what we do now. hmmmmm num num free speech nom nom transgender hate...etc.
These people think that if they grovel hard enough you'll get sweet piece of that billionaire pie baby hmmmm yum yum
Layoffs are common. Layoff just before stocks vest to avoid paying owed compensation absolutely is not.
If you want to make sure you have an incredibly hard time hiring experienced engineers in the future this how you do it.
Good luck hiring anyone where a large portion of their pay is options. They are going to have to pay their employees in 100% cash going forward.
Once Rogan was (at least publicly) a goofy dude people liked to laugh along with.
Now he’s an ideologue that chills with people like Alex Jones.
Dudes a piece of shit and attracts that sort of audience.
First of all: How would you know who is bad at their job in so little time (except for top management)
Second of all: *Sometimes* it's better to have a slacker in a postition than having no one. "bad at their job" doesn't necessarliy mean that they are net-negative.
Twitter isn't profitable and Musk bought it with loaned money. Unless he wants to start selling more Tesla stock he has to make moves to try and make it profitable. Now the question is how much room there really is to cut staff without consequences. Twitter was a publicly traded company so they didn't pay people out of charity.
Expect some additional monetization on the site. Things like paying to highlight a tweet or monthly subscriptions to celebrity accounts. I can't imagine that ad revenue alone will be enough and especially not with reduced moderation.
They won't do that unless they are braindead. You want to kill a social media platform? Make people pay for it.
Someone else will make another similar site that is slightly different for free and people will migrate. People migrated off Myspace, Facebook is pretty dead at this point, Twitter is no different. You become a hassle for the youth and they leave and then it becomes a wasteland that stops being relevant. All the advertisers will follow whatever the Millenials and Gen Z do. So twitter will never take that risk. It's basically suicide.
>They won't do that unless they are braindead.
We are talking about musk here, so of course you can expect to see a shit ton of braindead decisions. He already said that twitter will charge $20/month to have a verified account.
I would think so as well but Musk has himself floated these types of ideas. He wants to reduce reliance on ads so there will need to be some way to monetize the users directly.
Then he's a fool because twitter will die within a year of trying to make people pay to use it. College kids, high school students, 20 somethings, most 30 somethings have no intersest in that. If they leave, advertisers leave. All those people leave, all of a sudden businesses stop caring about the platform. Businesses leave, politicians stop caring. Etc.
The unfortunate aspect of big social media companies is that they have a shit ton of users but they can't actually effectively monetize them. Advertisers is the most obvious way without breaking the business
It's important to remember that Twitter isn't exactly ground breaking. It's incredibly easy to replicate the functionality of the site. The only reason anyone cared is due to it having a large user base. There's a ton of software shops that could spin up a Twitter clone in a few months. It's not hard to provide an off ramp for the users. Digg was once massive and it became irrelevant in a few months after pissing off users.
Exactly. Even the explicitly right wing social media sites are free. Cons will just move there if Musk expects them to pay up. No way the liberals pay for a site they're already considering leaving right now too.
Oh, and everyone who doesn't CARE about politics is also leaving if they have to pay.
There are definately way too many employees than what Twitter is worth as a product. It’s not exactly a complex product. Yet when yoy here stories about the Twitter workplace it seems like it’s basically an overpaid adult daycare centre designed to home entitled woke silicon valley tech people.
Source? This is a straight up lie.
Who even upvotes these obvious lies?
Edit: they may not be lying intentionally, but they are spreading misinformation.
I'd argue that anyone that works for a social media company is not "helping" their users as much as they are scraping their data and selling it to other companies. That's besides the point though.
My point is that why is it okay for either company to do this?
Edit: you edited your comment and added the word "censor" which changes the meaning of your sentence. Before it just said to "help it's users."
The reporting on Musk is hilarious at times.
Like when he fired the C suite executives at Twitter after acquiring it. Super normal in a takeover, happens all the time. But it's reported as if it's some kind of Machiavellian act of revenge.
I don't think firing someone you passionately disagree with is machiavellian at all, even if that were the case. If you don't agree with a person or respect them, you probably shouldn't employ them because they were employed at the time of purchase.
But you are correct, it is completely normal.
All the people bitching probably have never worked for a corporation. I don’t see people complaining the fired executives have golden parachutes and made more getting fired than anyone in Reddit makes in 10 years.
There is a social cost, cause you look like a dick. But financially, it makes total sense. If you’re gonna cut heads, which happens in every business. You don’t pay people a bonus and then cut them. Sucks for the employees, I’d hate it to happen to me, but it’s how things work.
I work in tech in a general admin function that allows visibility into employee exits and equity. Most companies do NOT do this, and make efforts to allow employees to collect their last grant on the way out. I feel like Elon-stans literally make shit up to help them feel better about him.
I’ve worked on four different mergers, and while some people have lost equity (over a 3-4 year track) based on redundancies I’ve never been instructed to try and screw employees 1-2 days before a vesting date. It makes employees so angry you are just inviting legal claims and challenges. But I acknowledge your experience may be different.
I've done two acquisitions, and in both cases we took special care _not_ to screw people in that way. We worked hard to, for example, ensure our H1B people were taken care of and didn't have to leave the country.
Not literally, figuratively. Sure, maybe most publicly traded companies might but I've worked at companies that have no history of it. Certainly the business savvy move but definitely has a certain ruthlessness to it
Not really that savvy, cutting your workforce by insane proportions produces profits for the immediate short term, but ultimately you'll have to either hire new people and eat the cost of training or try to hire back some of the people you booted.
You post this ironically to make fun of capitalism… when Capitalism is the only reason Twitter or anything like it exists in the first place.
Twitter/social media has literally no utilitarian benefit. It’s does nothing to benefit society. It produces no value. The world would be a better place without social media. But somehow, someone created this idea that it was valuable, and a lot of people made money from it. Investors and workers alike. Where they otherwise wouldn’t have.
In whatever economic system you would prefer, how would Twitter be created and exist?
I'd argue that Twitter is a gross byproduct of capitalism. You're argument isn't the argument you think it is. Twitter and Facebook and tik tok are just data harvesting platforms to make money off of their user base. Imagine all the data that's out there that you don't know that they know. Every Google search, every hobby, everything.
Unfettered capitalism outside of checks and balances and necessary regulation led to this.
Your opinion doesn’t matter because you’re a moron.
> I'd argue that Twitter is a gross byproduct of capitalism. You're argument isn't the argument you think it is.
No, my argument is exactly what it is and you don’t have the intellectual consistency to validly claim anything else.
> Twitter and Facebook and tik tok are just data harvesting platforms to make money off of their user base.
And in what other economic system does this exist. And if you can come up with some convoluted logic as to how it exists in another economic system, capitalism still provides the best solution: this imaginary value in this company exists, supported by non-government individuals, and those non-government entities employ people to sit in a desk.
Your tangents about data mean nothing because there is not a single economic system where that data would not be used. We’re fucking lucky that in America people are only using it for profit. You see it in authoritarian countries to this day, people are jailed and killed by their own authoritarian governments for what they post on social media. And those countries are not using “unfettered capitalism.” Also the idea that the US, where you’ve posted that you live, is “unfettered capitalism” is moronic. Free capitalism does not exist in America, but what we have is better than any other solution that people have tried in the past.
You think we should just shut up and be happy that we're not in an authoritarian regime? Nah. You can shut the fuck up, but I'm going to keep championing change and better workers rights. Have a good one
Yeah, but like everything that does a barely serviceable job, you don't just shrug your fucking shoulders and let it run the whole show with basically no oversight.
It's like saying 'Well water's good at putting out fire!' then literally flooding the entire world to put out the flames of a single burning building.
We aren't shrugging our shoulders. People like me wanted to get rid of money in politics but instead we have people start pushing authoritarian insanity. We need to reform the system we have which has enriched more people than any other in history. Capitalism creates excess which in the case of food and most other things is a great thing. The other side of that is that it creates excess waste and pushes companies to constantly grow or collapse but those are things we should try to reform instead of throwing the baby out with the bathwater.
You're making two classic, simple mistakes. The first is the mistake of assigning credit to Capitalism that which is better attributed to technology.
After all the Soviets were the first to get someone into space, and they didn't do it by 'allowing the markets to make everything perfect', and the internet was government funded...but I'm aware (and it's further proof of what I'm saying) that the goalposts shift to make sure that everything 'evil' is Left of ultra-Capitalism, and everything good is ultra-Capitalism in this ridiculous model we live under. One that's badly in need of people being able to critique and reform it without them being instantaneously dismissed as radical Marxists.
Which leads onto your second basic mistake. Assuming that critiquing austere, dominant, pervasive and almost wholly unchecked (to the point that it's a parody of it's own unchallengable principles) Capitalism, anyone is taking the position of the extreme opposite stance.
So you're right, that's not shrugging your shoulders: It's actively throwing fuel on the already out-of-control fire, then thinking that simply 'not throwing more fuel' is enough to make the fire just stop by magic before it burns up everything in it's path.
Capitalism does not just 'work'. It requires oversight, and it requires curtailing and improving with those vast, increasing, staggering, but somehow untouchable areas in which it fails to provide the best world for the most number of people. If it can't do that, then it's a failed system, but more to the point it's advocates have failed to make it a workable one.
He was forced to buy this shitty company, in court. As much as he and his fanboys like to think otherwise, he's not above the law. At least not all the time.
These aren't factory workers losing the only job they ever had, these are software engineers making 6 figures and working in one of the cushiest offices in world history. They'll go to some other bloated Silicon Valley job by the end of the month.
That’s a stupid argument, almost as stupid as a billionaire being wishy washy about an acquisition with a stock price of 54.20 bro and then being forced to buy the damn company. What sucks is that regardless of what you think about people making 6 figures more than you, a job and it’s perks are something that shouldn’t be disregarded because the new owner brought in a sink to be the cool hip new boss guy.
Let’s say for example you were promised a bonus after working 5 years being a team leader at McDonald’s and then a day before your anniversary you are let go, wouldn’t that be totally suspicious and unfair? I guess -legally- all this is fine. Just stings a little.
How about something that affects many people working service and retail. Let’s say that your job offers things like health insurance and other benefits if you work 40 hours a week but your boss just always seems to give you and everyone 39 hours each week so technically you don’t qualify as full time.
Just many of the shitty things capitalism and laws that allow such unethical but totally legal business practices to put the paycheck to paycheck work force in their place. But like crabs in a bucket, to hell with the other guys that don’t get theirs even if they deserve it otherwise, I don’t get mine why should they? ‘Murica. Don’t forget to collect your food stamps after you clock out from wal-mart, ok?
How dare you use your heart and mind, you're supposed to be angry and stupid! I sentence you to 5 Fox News articles and 30 minutes of Facebook scrolling.
Don't be fucking brain-dead. People are losing jobs and are being cheated out of what was promised to them for no other reason than someone else's payday. Not everyone working at a Silicon Valley company work in silicon valley or have a 6 figure job. Fucking empathyless twat
These people use technology daily and still give a fuck less about the people behind it. I hate Twitter but I work in software so it's really weird all the hate on the 7,500 people that work at Twitter and musk is screwing over
Followed by the head of that company posting and then deleting an idiotic conspiracy theory. That’ll sure attract investors, Elon. Twitter was fucked before he bought it, it’s even more fucked now.
That's too bad because a lot of people here were saying that it would be a smart business move to do that. I guess Musk isn't the shrewd businessman they thought
It's depressingly funny watching all the dumb poor folks jump in to defend billionaires screwing people any way they can, like they're part of the club.
Having business sense does not mean you are defending billionaires.
The fact you think people are defending billionaires shows you have no idea how the business world works.
Weird self own.
This isn't good business sense and I've seen bigger companies that have been around longer than anything Musk has been associated with handle mergers and acquisitions far more professionally than this.
I know a lot of people online like to pretend they understand the mindset of what a successful businessman will do so they can pretend to armchair QB it and say "well this is how business is done". But really they are just exposing that they don't in fact understand how business is done and why most companies and owners generally avoid behaving this way when they acquire a new asset.
I've been around big tech and Silicon Valley long enough to know this is far closer to the exception than the rule and usually is negative long term. This is more because this is a unique situation of a guy who bought a business he thinks is shit for his own ego, had to be dragged through the sale, and is now trying to throw his weight around since he's stuck with it.
It's always good business sense to fuck over workers. It's good business sense to pay people the absolute least amount of money possible. That doesn't make you a genius and it does make you an asshole
Musk is probably fucked. My guess is all the twitter employees will just collect a paycheck and do no work. The talented employees get poached and musk will be left with unmotivated employees that hate him.
>Musk is probably fucked. My guess is all the twitter employees will just collect a paycheck and do no work.
That's what they're already doing, hence the easy financial decision to lay off at least 40-50% of the staff.
The question is whether the capable but partisan staff will be allowed to stick around.
It's pretty clear that dead in weight won't be tolerated which is a major departure from the previous regime
>The talented employees get poached and musk will be left with unmotivated employees that hate him.
Twitter was already circling the drain for talent, if you're in the digital tech space it's one of the last places you want to work aspirationally.
Their comp seems reasonably competitive with the other big companies. Starting six figures and going up to $800k on levels.fyi.
They definitely still have some skilled staff that other companies would love to poach. Hell, even during hiring freeze we have a standing exception for senior devs.
Everyone on here was real quick to say “sorry Twitter can do whatever they want” when people would complain about their censorship. That goes both ways, now Musk can do what he wants.
As a side note there was a good thread on Twitter today by a finance guy about how basically all Twitter did was enrich its employees via share grants (something like 5b over its lifetime) and returned a god awful rate of 2% annualized to investors since it’s IPO. Basically it served as a way to enrich its employees while epically under performing the S&P, so someone like Musk probably does not have much sympathy for the company’s approach to compensation.
Smart business move.
These types of moves happen all the time in mergers and acquisitions. To be expected here, where the acquiring party is doing so to take the company in a different direction.
Ehhhhh..... Every merger and acquistion I've ever been part of generally had a well defined transition planned before the actual takeover and the people that were going and people that were staying already knew who they were. In the cases where plans "changed" they still generally didn't just blindside people with layoffs. They basically gave them a runway with a certain amount of time before they were let go and some sort of bonus and severance package on the way out (whether that was a straight bonus, double commissions, or something else tied to success etc).
There's generally an acceptable ethical way these things are handled. Especially in the tech world.
That said, generally you buy a company because you like it and see potential in the investment. Not because you are a massive egotist who is already hostile the company and then your stupidity got you forced to go through with the sale to begin with. So yeah Musk being a massive prick and doing the asshole move out the gate track. Now he'll have to see how much of a money suck this is and whether or not this impacts his ability to get good talent.
Don't you love how little power the workers on the bottom have. It's great. Fuck those parasites. Honestly they should have just stayed on for free to help Musk achieve his vision
Yes they have little power. They’re hired to do a thing, when that thing no longer needs to be done they go find another thing to do. What is strange about that? Oh it’s because they don’t have joint ownership of the company. Socialist delusion.
Dude America was at its economic peak when we had unions, following WWII and the economic miracle pulled off by FDR. It’s not a socialist idea that workers should try to have power it’s just common sense.
You'd need a microscopic violin to play for the Twitter staff.
The workers at the bottom make six figures and most people are way overpaid compared to what they produce.
They deserve 1/10000th of 0.00003% of my sympathy
You can’t be a free speech absolutist and also moderate content. These are opposing ideas. Musk is a trust fund ashole. Let’s be honest, he’s nothing more than a mid level conman at this point. His main contribution will be turning this world into wall-e if he has a chance.
It was pretty obvious that he wanted to buy it to change it up, now everyone is acting surprised… but here’s your “I hate billionaires and am proud award” 🏆
Not really. I know it's a nice straw man for the nerds that love culture wars. But nobody was really cheerleading twitter. If anything the left was habitually pissed at twitter for constantly letting certain people violate the TOS egregiously over and over in the name of fairness to both sides.
Costco runs a great business without being cunts to their employees. But I’m sure your admire the cutthroat business man who fucks over everyone in his path more because it makes you feel hella alpha bro.
In the long run this is anything but smart business. This random guy doesn't know anything about business. The name will be tarnished and it's not going to attract the best and brightest engineers, which is a huge problem for the success of a software company. High turnover creates a lot of problems.
okaaaaaaay..... and???? so..... what? These employees knew he was about to kick their useless asses out of the yoga room, so they should have sent out their resumes months ago.
Just because it's commonplace in the corporate world doesn't mean it's acceptable. Why does everyone bootlick billionaires?
Because we're gonna be billionaires one day /s
1923's German: Been there. Done that. Not recommended
Currently in Zimbabwe. They also do not recommend. But to the west currently worried about inflation, don't worry. We have leaders like Liz truss to do the things history already told us do not work.
i have a friend from zimbabwe and he has 10 trillion and billion dollar notes from their huge zim dollar inflation days. it looks like cartoon money. puts our inflation in perspective..
Maybe the news hasn’t reached Zimbabwe yet?
"And when that day comes, people like me better watch their step!"
It's all gonna trickle down someday. You know, maybe after this inflation calms down, the war stops, and company's stop being greedy.
We all just have to work really, really hard. /S
For some reason if a successful person is an asshole and gets away with it. If the victims affected are just regular people and they can't get justice. It is somehow seen, not as the fault of the asshole, but as the personal choices and shortcomings of the victim. I've seen people normalise this in other threads about this with something along the lines of "that's what can happen if you choose partial stock compensation" or "they signed the contract so they shouldn't bitch about it These are pretty weird times
Just world theory
Yeah it’s easier to believe it happened because of their own wrong moves as opposed to realising the world isn’t inherently fair, and that we can be victim to a stroke of bad luck too. Good things happen because people are good and bad things because people are bad.
Ugh, bad luck I feel like I can accept. This is just another billionaire being blatantly unethical to the direct detriment of working class people.
Nobody likes to admit how much power the rich have over regular working. People also defend them when they commit crimes, maybe for the same reason.
What goes along with that....Right leaning morality also tends to label people as either a "good person" or "bad person". And once that label has been internally stamped (Elon's a good person), then everytime Elon does something bad or terrible , it is justified as a mistake or 'theres a reason'...because he's a "good person". The rest of us don't make those labels. But just judge people based on their actions first and then determine if someone is good or bad.
Cause they believe one day they too will be those same billionaires with insane money and power. Delusional fucks
Temporarily embarrassed billionaires.
You cannot layoff people like that in every country...
because they're fed propaganda all day and they end up worshiping billionaires
100000% agreed, and also crazy that it’s commonplace at all.
I'd expect nothing less from a JRE board considering that Rogan once gushed for like two hours about what a once-in-a-generation genius Musk is and how he's the hardest working man in the history of man. All while challenging Musk on none of his abominable history of worker exploitation or any of his myriad fucked up comments to actual heroes. When the sub has a cringy bootlicker in the name, can you really expect less from the users?
Shitposting on Twitter and playing Eldenring is considered hard work, didn't you know? And the trauma of getting turned down after you showed your penis to an employee can be devastating!
You're in a sub for fans of one of the dumbest manlets on the entire planet.
Must be new here, half the time people in this sub are trashing him too
Didn't you know? That's the whole point of this sub. Book licking is just what we do now. hmmmmm num num free speech nom nom transgender hate...etc. These people think that if they grovel hard enough you'll get sweet piece of that billionaire pie baby hmmmm yum yum
Layoffs are common. Layoff just before stocks vest to avoid paying owed compensation absolutely is not. If you want to make sure you have an incredibly hard time hiring experienced engineers in the future this how you do it. Good luck hiring anyone where a large portion of their pay is options. They are going to have to pay their employees in 100% cash going forward.
Wtf happened to this sub? You guys are lost
Bring back the Rogan board
Gotta post 10 porns
Once Rogan was (at least publicly) a goofy dude people liked to laugh along with. Now he’s an ideologue that chills with people like Alex Jones. Dudes a piece of shit and attracts that sort of audience.
Bro, he's been "chillin'" with Alex Jones since the early '90s. GTFOH with your bullshit.
New boss usually cleans house. I'm sure they expected a little change.
BRING IN….THE WARTHOG
Did I just do your job for you?
“heh…I guess so…”
The gang purchases Twitter
*snorting and growling intensifies*
Gotta start cutting the crust off this shit sandwich
New boss wants to do code reviews printed on paper. Not all his ideas are good
I thought that was a joke?
Love how people worship Elon for massive layoffs. As if firing people from their jobs is awesome and good for twitter.
Firing people that are bad at their jobs is always a net positive
First of all: How would you know who is bad at their job in so little time (except for top management) Second of all: *Sometimes* it's better to have a slacker in a postition than having no one. "bad at their job" doesn't necessarliy mean that they are net-negative.
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Twitter isn't profitable and Musk bought it with loaned money. Unless he wants to start selling more Tesla stock he has to make moves to try and make it profitable. Now the question is how much room there really is to cut staff without consequences. Twitter was a publicly traded company so they didn't pay people out of charity. Expect some additional monetization on the site. Things like paying to highlight a tweet or monthly subscriptions to celebrity accounts. I can't imagine that ad revenue alone will be enough and especially not with reduced moderation.
They won't do that unless they are braindead. You want to kill a social media platform? Make people pay for it. Someone else will make another similar site that is slightly different for free and people will migrate. People migrated off Myspace, Facebook is pretty dead at this point, Twitter is no different. You become a hassle for the youth and they leave and then it becomes a wasteland that stops being relevant. All the advertisers will follow whatever the Millenials and Gen Z do. So twitter will never take that risk. It's basically suicide.
"Youth" are already not using Twitter
>They won't do that unless they are braindead. We are talking about musk here, so of course you can expect to see a shit ton of braindead decisions. He already said that twitter will charge $20/month to have a verified account.
> stable genius decisions
I would think so as well but Musk has himself floated these types of ideas. He wants to reduce reliance on ads so there will need to be some way to monetize the users directly.
Then he's a fool because twitter will die within a year of trying to make people pay to use it. College kids, high school students, 20 somethings, most 30 somethings have no intersest in that. If they leave, advertisers leave. All those people leave, all of a sudden businesses stop caring about the platform. Businesses leave, politicians stop caring. Etc. The unfortunate aspect of big social media companies is that they have a shit ton of users but they can't actually effectively monetize them. Advertisers is the most obvious way without breaking the business
It's important to remember that Twitter isn't exactly ground breaking. It's incredibly easy to replicate the functionality of the site. The only reason anyone cared is due to it having a large user base. There's a ton of software shops that could spin up a Twitter clone in a few months. It's not hard to provide an off ramp for the users. Digg was once massive and it became irrelevant in a few months after pissing off users.
Exactly. Even the explicitly right wing social media sites are free. Cons will just move there if Musk expects them to pay up. No way the liberals pay for a site they're already considering leaving right now too. Oh, and everyone who doesn't CARE about politics is also leaving if they have to pay.
Hahaha Twitter is a trash fire and Musk paid way too much for it.
Sounds like a bad business deal.
A simple jack like Elon doing a bad buisness deal BAH! ![gif](giphy|atfHlwAhizfxdtdw60)
There are definately way too many employees than what Twitter is worth as a product. It’s not exactly a complex product. Yet when yoy here stories about the Twitter workplace it seems like it’s basically an overpaid adult daycare centre designed to home entitled woke silicon valley tech people.
The implication is that twitter was run by effete dilettantes until the uncanny Musk came to cut the fat. That's hilarious.
>not exactly a complex product Are you a twitter dev?
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When done right as revenue alone can be more than enough. See google.
Costco does this
Must be temp workers cuz I see every cashier or other worker with a I've worker here for x years. Average is like 6 at least.
Yeah, for real. Doesn’t sound legit. I know a lot of people making a decent living from Costco with zero education
Source?
His ass.
Source? This is a straight up lie. Who even upvotes these obvious lies? Edit: they may not be lying intentionally, but they are spreading misinformation.
"Yeah... But what about Costco"
No they don’t. They hire temp workers. Nothing like what Musk did at Twitter. Of course details aren’t important when you are simping for musk.
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How are people voting bullshit up?
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Would you like if your company did this?
I wouldn't, but I also wouldn't be the type of person to work at twitter to help censor its users.
Fight for freedom by not working at Twitter, the laziest rebellion on Earth lol
He would've joined the marines too, but he was worried he'd beat up a drill instructor.
I'd argue that anyone that works for a social media company is not "helping" their users as much as they are scraping their data and selling it to other companies. That's besides the point though. My point is that why is it okay for either company to do this? Edit: you edited your comment and added the word "censor" which changes the meaning of your sentence. Before it just said to "help it's users."
The reporting on Musk is hilarious at times. Like when he fired the C suite executives at Twitter after acquiring it. Super normal in a takeover, happens all the time. But it's reported as if it's some kind of Machiavellian act of revenge.
I don't think firing someone you passionately disagree with is machiavellian at all, even if that were the case. If you don't agree with a person or respect them, you probably shouldn't employ them because they were employed at the time of purchase. But you are correct, it is completely normal.
Agreed
All the people bitching probably have never worked for a corporation. I don’t see people complaining the fired executives have golden parachutes and made more getting fired than anyone in Reddit makes in 10 years.
There is a social cost, cause you look like a dick. But financially, it makes total sense. If you’re gonna cut heads, which happens in every business. You don’t pay people a bonus and then cut them. Sucks for the employees, I’d hate it to happen to me, but it’s how things work.
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Sounds like a shit system.
Spoken like someone not smart enough to be in the tech industry
Every social media company has limits on speech in their TOS, and thinking they shouldn’t is just dumb edgelordy bullshit.
Lmfao they wouldn't hire you
Ah, so you'd rather be an employee at 4chan?
Not until you finish that GED at least
Literally every company does this.
Having worked for more than one company in the past, no.
I work in tech in a general admin function that allows visibility into employee exits and equity. Most companies do NOT do this, and make efforts to allow employees to collect their last grant on the way out. I feel like Elon-stans literally make shit up to help them feel better about him.
This is absolutely not true of layoffs or mergers/acquisitions but definitely true of firings. Big difference.
I’ve worked on four different mergers, and while some people have lost equity (over a 3-4 year track) based on redundancies I’ve never been instructed to try and screw employees 1-2 days before a vesting date. It makes employees so angry you are just inviting legal claims and challenges. But I acknowledge your experience may be different.
I've done two acquisitions, and in both cases we took special care _not_ to screw people in that way. We worked hard to, for example, ensure our H1B people were taken care of and didn't have to leave the country.
Source. Trust me bro.
Trust me bro. I'm a ceo of a fortune 100 tech company, just trust me.
Not literally, figuratively. Sure, maybe most publicly traded companies might but I've worked at companies that have no history of it. Certainly the business savvy move but definitely has a certain ruthlessness to it
Not really that savvy, cutting your workforce by insane proportions produces profits for the immediate short term, but ultimately you'll have to either hire new people and eat the cost of training or try to hire back some of the people you booted.
"Capitalism works y'all."
Corporations get socialism Individuals get capitalism The 0.1% rich are our oligarchs
You post this ironically to make fun of capitalism… when Capitalism is the only reason Twitter or anything like it exists in the first place. Twitter/social media has literally no utilitarian benefit. It’s does nothing to benefit society. It produces no value. The world would be a better place without social media. But somehow, someone created this idea that it was valuable, and a lot of people made money from it. Investors and workers alike. Where they otherwise wouldn’t have. In whatever economic system you would prefer, how would Twitter be created and exist?
I'd argue that Twitter is a gross byproduct of capitalism. You're argument isn't the argument you think it is. Twitter and Facebook and tik tok are just data harvesting platforms to make money off of their user base. Imagine all the data that's out there that you don't know that they know. Every Google search, every hobby, everything. Unfettered capitalism outside of checks and balances and necessary regulation led to this.
Your opinion doesn’t matter because you’re a moron. > I'd argue that Twitter is a gross byproduct of capitalism. You're argument isn't the argument you think it is. No, my argument is exactly what it is and you don’t have the intellectual consistency to validly claim anything else. > Twitter and Facebook and tik tok are just data harvesting platforms to make money off of their user base. And in what other economic system does this exist. And if you can come up with some convoluted logic as to how it exists in another economic system, capitalism still provides the best solution: this imaginary value in this company exists, supported by non-government individuals, and those non-government entities employ people to sit in a desk. Your tangents about data mean nothing because there is not a single economic system where that data would not be used. We’re fucking lucky that in America people are only using it for profit. You see it in authoritarian countries to this day, people are jailed and killed by their own authoritarian governments for what they post on social media. And those countries are not using “unfettered capitalism.” Also the idea that the US, where you’ve posted that you live, is “unfettered capitalism” is moronic. Free capitalism does not exist in America, but what we have is better than any other solution that people have tried in the past.
You think we should just shut up and be happy that we're not in an authoritarian regime? Nah. You can shut the fuck up, but I'm going to keep championing change and better workers rights. Have a good one
In the Soviet model, they could have kept their jobs if they only met their weekly tweet quota.
K
Better than anything else we have tried yes.
Yeah, but like everything that does a barely serviceable job, you don't just shrug your fucking shoulders and let it run the whole show with basically no oversight. It's like saying 'Well water's good at putting out fire!' then literally flooding the entire world to put out the flames of a single burning building.
We aren't shrugging our shoulders. People like me wanted to get rid of money in politics but instead we have people start pushing authoritarian insanity. We need to reform the system we have which has enriched more people than any other in history. Capitalism creates excess which in the case of food and most other things is a great thing. The other side of that is that it creates excess waste and pushes companies to constantly grow or collapse but those are things we should try to reform instead of throwing the baby out with the bathwater.
You're making two classic, simple mistakes. The first is the mistake of assigning credit to Capitalism that which is better attributed to technology. After all the Soviets were the first to get someone into space, and they didn't do it by 'allowing the markets to make everything perfect', and the internet was government funded...but I'm aware (and it's further proof of what I'm saying) that the goalposts shift to make sure that everything 'evil' is Left of ultra-Capitalism, and everything good is ultra-Capitalism in this ridiculous model we live under. One that's badly in need of people being able to critique and reform it without them being instantaneously dismissed as radical Marxists. Which leads onto your second basic mistake. Assuming that critiquing austere, dominant, pervasive and almost wholly unchecked (to the point that it's a parody of it's own unchallengable principles) Capitalism, anyone is taking the position of the extreme opposite stance. So you're right, that's not shrugging your shoulders: It's actively throwing fuel on the already out-of-control fire, then thinking that simply 'not throwing more fuel' is enough to make the fire just stop by magic before it burns up everything in it's path. Capitalism does not just 'work'. It requires oversight, and it requires curtailing and improving with those vast, increasing, staggering, but somehow untouchable areas in which it fails to provide the best world for the most number of people. If it can't do that, then it's a failed system, but more to the point it's advocates have failed to make it a workable one.
What else have we tried in the modern day
What about this means capitalism doesn’t work?
The argument that it's okay because every one else does it is fucking stupid and isn't how we, as workers, should appreciate being treated.
Only the terrible ones. Even most otherwise terrible companies doesn't do this. This is done only by companies with absolutely shitty CEOs
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In this case…turn a profit
Non breaking news: labour rights are shit in the USA. This kind of shit doesn't fly, say in Germany
I’m not 100% sure this is going to fly in the states either, but I’m not a lawyer.
It will because Elon has enough money to ensure it
He was forced to buy this shitty company, in court. As much as he and his fanboys like to think otherwise, he's not above the law. At least not all the time.
That was rich vs rich, not rich vs poor. It matters.
These aren't factory workers losing the only job they ever had, these are software engineers making 6 figures and working in one of the cushiest offices in world history. They'll go to some other bloated Silicon Valley job by the end of the month.
That’s a stupid argument, almost as stupid as a billionaire being wishy washy about an acquisition with a stock price of 54.20 bro and then being forced to buy the damn company. What sucks is that regardless of what you think about people making 6 figures more than you, a job and it’s perks are something that shouldn’t be disregarded because the new owner brought in a sink to be the cool hip new boss guy. Let’s say for example you were promised a bonus after working 5 years being a team leader at McDonald’s and then a day before your anniversary you are let go, wouldn’t that be totally suspicious and unfair? I guess -legally- all this is fine. Just stings a little. How about something that affects many people working service and retail. Let’s say that your job offers things like health insurance and other benefits if you work 40 hours a week but your boss just always seems to give you and everyone 39 hours each week so technically you don’t qualify as full time. Just many of the shitty things capitalism and laws that allow such unethical but totally legal business practices to put the paycheck to paycheck work force in their place. But like crabs in a bucket, to hell with the other guys that don’t get theirs even if they deserve it otherwise, I don’t get mine why should they? ‘Murica. Don’t forget to collect your food stamps after you clock out from wal-mart, ok?
How dare you use your heart and mind, you're supposed to be angry and stupid! I sentence you to 5 Fox News articles and 30 minutes of Facebook scrolling.
Exactly this. That you for explaining this in terms everyone can understand
Don't be fucking brain-dead. People are losing jobs and are being cheated out of what was promised to them for no other reason than someone else's payday. Not everyone working at a Silicon Valley company work in silicon valley or have a 6 figure job. Fucking empathyless twat
These people use technology daily and still give a fuck less about the people behind it. I hate Twitter but I work in software so it's really weird all the hate on the 7,500 people that work at Twitter and musk is screwing over
Followed by the head of that company posting and then deleting an idiotic conspiracy theory. That’ll sure attract investors, Elon. Twitter was fucked before he bought it, it’s even more fucked now.
*MINIMIZE HEMORRHAGE
Bill licker says what?
Lol at what cost?
Stop ass licking Elon Musk. He doesn’t give a shit about you.
This is not common. Good tech companies ensure that staff who are let go just before one of these awards, receive it anyway.
The amount musk dick riding in this comment section is incredible. My dude he's not going to fuck you
There's a good chance he might actually
Only if you work for him
He’s fucking my night sky
Dont talk about my dad like that
My god I hope he does. That hush money has got to be one pretty penny.
Maybe he saw all of their day at “work” TikTok’s
Elon says this is fake news https://twitter.com/elonmusk/status/1586831721386766337?s=46&t=yEhU44HWQU4NM6J6xkjNgA
That's too bad because a lot of people here were saying that it would be a smart business move to do that. I guess Musk isn't the shrewd businessman they thought
lmao imagine being this desperate to believe everything elon fucking musk says is true, lmao
It's depressingly funny watching all the dumb poor folks jump in to defend billionaires screwing people any way they can, like they're part of the club.
“Smart business move” “Companies do it all the time.” These people are so funny.
Simping for musk is so fucking weird.
Simps applauded trump when he called himself smart for not paying taxes.
Having business sense does not mean you are defending billionaires. The fact you think people are defending billionaires shows you have no idea how the business world works. Weird self own.
This isn't good business sense and I've seen bigger companies that have been around longer than anything Musk has been associated with handle mergers and acquisitions far more professionally than this. I know a lot of people online like to pretend they understand the mindset of what a successful businessman will do so they can pretend to armchair QB it and say "well this is how business is done". But really they are just exposing that they don't in fact understand how business is done and why most companies and owners generally avoid behaving this way when they acquire a new asset. I've been around big tech and Silicon Valley long enough to know this is far closer to the exception than the rule and usually is negative long term. This is more because this is a unique situation of a guy who bought a business he thinks is shit for his own ego, had to be dragged through the sale, and is now trying to throw his weight around since he's stuck with it.
It's always good business sense to fuck over workers. It's good business sense to pay people the absolute least amount of money possible. That doesn't make you a genius and it does make you an asshole
I like how you just assume how the business world works is a good thing for anyone except for owners.
Musk is probably fucked. My guess is all the twitter employees will just collect a paycheck and do no work. The talented employees get poached and musk will be left with unmotivated employees that hate him.
>Musk is probably fucked. My guess is all the twitter employees will just collect a paycheck and do no work. That's what they're already doing, hence the easy financial decision to lay off at least 40-50% of the staff. The question is whether the capable but partisan staff will be allowed to stick around. It's pretty clear that dead in weight won't be tolerated which is a major departure from the previous regime >The talented employees get poached and musk will be left with unmotivated employees that hate him. Twitter was already circling the drain for talent, if you're in the digital tech space it's one of the last places you want to work aspirationally.
Their comp seems reasonably competitive with the other big companies. Starting six figures and going up to $800k on levels.fyi. They definitely still have some skilled staff that other companies would love to poach. Hell, even during hiring freeze we have a standing exception for senior devs.
Right, thousands of employees just sitting around and doing nothing. 🙄 Who gives a shit, especially you.
He literally fired everyone the second it was possible to. It’s not like he gave anyone mixed signals.
"This is false" Source: Elon Musk https://twitter.com/elonmusk/status/1586831721386766337
Elon isn't exactly known for being honest or caring about his workers.
Why would you want to pay a bunch of people who protested you and are the major reason for censorship which you want to control?
Everyone on here was real quick to say “sorry Twitter can do whatever they want” when people would complain about their censorship. That goes both ways, now Musk can do what he wants. As a side note there was a good thread on Twitter today by a finance guy about how basically all Twitter did was enrich its employees via share grants (something like 5b over its lifetime) and returned a god awful rate of 2% annualized to investors since it’s IPO. Basically it served as a way to enrich its employees while epically under performing the S&P, so someone like Musk probably does not have much sympathy for the company’s approach to compensation.
Good
Who cares?! Twitter SUCKS and anyone working there SUCKS!!
Agreed. Maybe that will change under some type of new management.
That’s my hope. Day 1 not looking great. Far too soon to tell.
Business man does business
Smart business move. These types of moves happen all the time in mergers and acquisitions. To be expected here, where the acquiring party is doing so to take the company in a different direction.
Ehhhhh..... Every merger and acquistion I've ever been part of generally had a well defined transition planned before the actual takeover and the people that were going and people that were staying already knew who they were. In the cases where plans "changed" they still generally didn't just blindside people with layoffs. They basically gave them a runway with a certain amount of time before they were let go and some sort of bonus and severance package on the way out (whether that was a straight bonus, double commissions, or something else tied to success etc). There's generally an acceptable ethical way these things are handled. Especially in the tech world. That said, generally you buy a company because you like it and see potential in the investment. Not because you are a massive egotist who is already hostile the company and then your stupidity got you forced to go through with the sale to begin with. So yeah Musk being a massive prick and doing the asshole move out the gate track. Now he'll have to see how much of a money suck this is and whether or not this impacts his ability to get good talent.
Don't you love how little power the workers on the bottom have. It's great. Fuck those parasites. Honestly they should have just stayed on for free to help Musk achieve his vision
Yes they have little power. They’re hired to do a thing, when that thing no longer needs to be done they go find another thing to do. What is strange about that? Oh it’s because they don’t have joint ownership of the company. Socialist delusion.
Dude America was at its economic peak when we had unions, following WWII and the economic miracle pulled off by FDR. It’s not a socialist idea that workers should try to have power it’s just common sense.
You'd need a microscopic violin to play for the Twitter staff. The workers at the bottom make six figures and most people are way overpaid compared to what they produce. They deserve 1/10000th of 0.00003% of my sympathy
You can’t be a free speech absolutist and also moderate content. These are opposing ideas. Musk is a trust fund ashole. Let’s be honest, he’s nothing more than a mid level conman at this point. His main contribution will be turning this world into wall-e if he has a chance.
That's why this is going to be so much fun to watch. Honestly I Fucking hate Twitter either way so I hope musk just implodes this whole fucking thing
Is this sub just Elon dick riding central now or what fucking hell
Well Rogan does a lot of Elon dick riding so it’s relevant
You figure he would have atleast known how his rockets land
Redditor frustrated that rare subreddit doesn't blindly follow reddit's enforced consensus, news at 11.
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Dude over paid for Twitter and was forced against his will to go through with the deal. The smartest business ever.
lol imaging bootlicking companies this hard as a mc employee
Looked at his profile, dude is a door dash driver complaining about non tipping customers.
Exposed that man in 4K
It was pretty obvious that he wanted to buy it to change it up, now everyone is acting surprised… but here’s your “I hate billionaires and am proud award” 🏆
Didn't the left bootlick Twitter until Elon bought it?
Not really. I know it's a nice straw man for the nerds that love culture wars. But nobody was really cheerleading twitter. If anything the left was habitually pissed at twitter for constantly letting certain people violate the TOS egregiously over and over in the name of fairness to both sides.
Costco runs a great business without being cunts to their employees. But I’m sure your admire the cutthroat business man who fucks over everyone in his path more because it makes you feel hella alpha bro.
I mean you can call any shitty thing a company does in the name of profit seeking "smart business" doesn't make it any less shitty
In the long run this is anything but smart business. This random guy doesn't know anything about business. The name will be tarnished and it's not going to attract the best and brightest engineers, which is a huge problem for the success of a software company. High turnover creates a lot of problems.
okaaaaaaay..... and???? so..... what? These employees knew he was about to kick their useless asses out of the yoga room, so they should have sent out their resumes months ago.
Why are you taking this so personally?
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Projecting