Twitter to lay off 25% of workforce in first round of job cuts

Re:Twitter to lay off 25% of workforce in first round of job... by drowning-secs on Monday October 31, 2022 @03:06PM (#33411060)

You also need to give two months notice, or compensate for two months time, if you're going to have a big layoff. Laying off 50% of employees is also going to add up. 3,500 employees * $20,000 = $70,000,000.

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Re:Twitter to lay off 25% of workforce in first round of job... by H8crilA on Monday October 31, 2022 @03:18PM (#33411236)

Alternatively you can keep them around for 2 years and pay $840M in compensation.

Closing the sarcasm, yes, layoffs have costs (various costs, including to the morale), but there are reasons why organisations do them anyways.

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Re:Twitter to lay off 25% of workforce in first round of job... by vxNsr on Monday October 31, 2022 @03:53PM (#33411905)

If they keep them on they'll need to pay that anyway, this way they start saving money in 2 months instead of never.

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