But in here, the company has deep debt only because of overpriced leveraged buyout. And the layoff have popcorn qualities because they are rage driven. The debt twitter had originally was much smaller. The scale of layoff that had to happen would be much smaller. It is also fair to guess they would be deal with more tact and more fairness then done now (no I dont believe Musk team is able to actually tell bad and good performers apart).

Twitter has some profits last year first time. I am not saying it was perfect company. But the deep deep financial trouble it is in now is because of leveraged buyout motivated by politics (stick it to ennemies) and ego.