Re:Microsoft to lay off 11,000 employees
by adam_arthur on Tuesday January 17, 2023 @03:48PM
(#34418791)
Thanks for confirming
Re:Microsoft to lay off 11,000 employees
by ReflectedImage on Tuesday January 17, 2023 @04:08PM
(#34419153)
Twitter has lost 75% of it's employees, 50% of it's revenue and gained 25% more debt.
It's gone from a break even company to financial ruination.
Twitter is shutting down data centers and offices. Elon Musk has single handedly collapsed the company.
Twitter will shortly be either bankrupt or personally funded by Elon Musk's bank balance by the end of the year.
Re:Microsoft to lay off 11,000 employees
by adam_arthur on Tuesday January 17, 2023 @04:15PM
(#34419288)
He overpaid massively for the company, yes. That was a critical mistake and why its now encumbered with debt.
Re:Microsoft to lay off 11,000 employees
by sleepybrett on Tuesday January 17, 2023 @05:11PM
(#34420151)
It seems like playing chicken with "Don't make me pay this hugely overinflated price I promised or I'll crash the company." as your strategy maybe wasn't such a smart idea. Now he's out the money and has literally nothing to show for it. Meanwhile his other ego stock, which he somehow had manipulated into a wild overvaluation, is now crashing because everyone can plainly see that he's just kinda a dumb motherfucker.
And Twitter needs advertisers more than advertisers need Twitter. Maybe there are exceptions but I can't imagine Twitter is this uniquely wonderful channel for the vast bulk of advertisers.
I mean, yeah? If someone fired all my contacts at a company and didn’t return my emails as my revenue dropped as a result of their changes I would also stop paying them?