Re:Musk announces funding secured for Twitter buy
by cj on Thursday April 21, 2022 @05:09PM
(#31115228)
If Twitter is losing $180 million per year, and they have 7500 employees, and each employee costs on average $100k [0] fully loaded ($750mm/yr), you could become profitable by reducing your payroll by 50% (laying off half their employees).
My guess is layoffs aren’t considered as an option since it would signal that they’re throwing in the towel and don’t believe in their own growth trajectory.
My guess is layoffs aren’t considered as an option since it would signal that they’re throwing in the towel and don’t believe in their own growth trajectory.
[0] Average salary here is a conservative guess