Re:Twitter says it could turn first-ever profit
by throwaway0255 on Thursday October 26, 2017 @01:51PM
(#15561296)
No you're probably wrong
According to my Wikipedia research, they had ~2.5 billion in revenue last year and ~450 million in net losses
If they shaved the bottom 25%, to reach ramen profitability they'd need a savings of $450,000 per employee cut, and do that without having any negative impact on the productivity of the org as a whole (be it through hours worked or employee morale or additional churn)
Corporations are giant container ships moving in one direction, you can't just snap your fingers and turn 90 degrees
According to my Wikipedia research, they had ~2.5 billion in revenue last year and ~450 million in net losses
If they shaved the bottom 25%, to reach ramen profitability they'd need a savings of $450,000 per employee cut, and do that without having any negative impact on the productivity of the org as a whole (be it through hours worked or employee morale or additional churn)
Corporations are giant container ships moving in one direction, you can't just snap your fingers and turn 90 degrees