Re:Twitter to start layoffs -internal email
by shaburn on Thursday November 03, 2022 @09:59PM
(#33460896)
False. He can pump profits keeping earnings flat by slashing costs. See probably removing 1/3 the cost with this single move.
Re:Twitter to start layoffs -internal email
by afavour on Thursday November 03, 2022 @10:08PM
(#33460985)
The maths don't even begin to work out there.
He just made Twitter take on $13bn of debt to finance his purchase, the company will owe around $1bn a year in interest payments that it didn't used to. The layoffs announced today probably won't even cover that extra interest.
Musk explicitly doesn't want that though, because he needs Twitter to earn a lot more money than it currently does.