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.
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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.