Posted on 11/03/2022 8:27:42 AM PDT by SeekAndFind
Even for a guy like Elon Musk, $44 billion is quite a chunk of money to spend on anything, even for the most valuable and influential social media platform in the world.
As often happens in the business world, cost-cutting measures are typically deployed upon acquiring a new business. According to a bombshell Bloomberg report Wednesday night, it appears the first money-saving cuts could come Friday in the way of firing roughly half of Twitter’s entire workforce.
That would be about 3,700 jobs, according to the report. Musk is also set to require a majority of whichever workers are left standing to actually come to work at the office, as we did back in the good ol’ days, effectively ending the work-from-home situation that became the new normal over the course of the pandemic.
Musk, as of this writing, hasn’t commented on Bloomberg’s report, but one Twitter user perfectly summarized why such a massive round of layoffs is probably the logical move at this point. Too many useless managers, and not nearly enough workers.
Bloomberg (emphasis added):
Senior personnel on the product teams were asked to target a 50% reduction in headcount, a person familiar with the matter said this week. Engineers and director-level staff from Tesla Inc., the carmaker also run by Musk, reviewed the lists, the person said. Layoff lists were drawn up and ranked based on individuals’ contributions to Twitter’s code during their time at the company, the people said. The assessment was made by both Tesla personnel and Twitter managers.
Musk has generated news every day since his acquisition of Twitter was finalized. Most recently, he broke the internet when reports swirled over the weekend that users will eventually be able to pay $20 for a new version of Twitter’s premium “Blue” subscription.
(Excerpt) Read more at pjmedia.com ...
Trump hardly fired anybody. That was one of his major weak points.
He’s not going to make the same mistake again.
New pronouns: was / were
Exactly right. And most of the people Trump hired were bad choices.
I LOVE the way Musk is turning to his most trusted people at Tesla on this.
LMFAO!
RE: Trump hardly fired anybody. That was one of his major weak points.
James Comey
Gen. Michael Flynn
Gen. Jim “Mad Dog” Mattis
Chris Krebs, director of CISA
Defense Secretary Mark Esper
Bonnie Click, deputy administrator of US Agency for International Development, was also forced out.
etc. etc.
No, no, no. You fire ALL OF THEM then make them reapply for their old positions.
Trump hardly fired anybody. That was one of his major weak points.And then there's this:
Nice try though.
Me, too!
Bezos bought the Washington Post for $250 million and made it profitable.
“Paper or plastic?” Start rehearsing, losers.
Except for running up the national debt and losing the Senate (and knocking out ISIS), Trump didn’t accomplish much.
LOL!
“Trump hardly fired anybody. That was one of his major weak points.”
I agree. On January 20, 2025 the first thing he needs to do is to fire absolutely every single appointee and civil service manager he has the authority to fire.
ALL OF THEM!!!
Then rehire the ones that pass muster and replace the rest with people he can trust.
I’d start by hiring convicted January 6th protesters since the leftists have now properly vetted them as people we can trust.
One common tactic with takeovers is for the new management to ask for fresh performance reviews, with an emphasis on accomplishments and effects on the bottom line. Then management prunes the low-hanging branches. Measure output, not input.
Is it happening like that? The fact that Elon brought in Tesla people to help suggests "yes".
Rex Tillerson
They should all learn to mine coal.
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