I mean you're not wrong; a lot of tech companies have money to burn and nowhere to put it other than hiring more people and doing more engineering work and bets that may or may not end up anywhere. The meme goes that most are in optimizing advertisements and gathering / collating data, anyway.

So while I don't disagree with Twitter downsizing - as the other tech companies have been doing recently - I don't think it was wise to go at it so aggressively, having the effect that there's now a walkout of staff that Twitter absolutely needs to run.