Twitter: Spectacular meltdown in progress, thoughts?
J3ff
Member Posts: 4,096 ✭✭✭✭✭
Wow! Who thought such a "smart" guy could get shown the "find out" part of that old staying "F around and find out" so fast?!
I've been a fan of Tesla, even bigger fan of SpaceX and Starlink... I knew Elon made his employees slaves, but after having a few friends who make more than 200k per year working for him, I thought he was an "ok" guy.. Never respected the way he treated women or family, but we all have flaws, even though those are pretty large flaws I could still respect him for pulling together people that made rocket booster that can land themselves after going to space... taking self driving tech to the highest levels ever seen etc...
However, this twitter meltdown is incredible to watch.
When he sent out the email on Wed. telling the remaining employees that they need to come back to the office, work double the hours, for the same pay and if they were not producing OUT OF THE WORLD results they would be fired, I knew the **** was about to hit the fan.
THEN HE WENT AND OFFERED 3 MONTHS SEVERANCE OVER THE HOLIDAYS!? Holy cow!
So yesterday the estimates are 75% of the remaining folks quit. They had to close up all twitter offices and all of their access cards stopped working.. rumors are anything from the guys in charge of them quit to they did it because Elon is afraid that people will go in and destroy things.
An email went out saying YOU MUST RETURN TO THE OFFICE, the old guard all cheered "YAY ELON YOU THE MAN" - and then 75% of the company said "NOPE" - LOL!! No matter what side you are on you have to admit this is better than any netflix series!!
Now he's left with an estimated 12.5% of the workforce that he had on the first day of CEO and many of those folks are LOCKED in to the company. One guy has a wife with cancer, who needs the insurance, another guess is that most of the remaining have Visa's tied to the company and would have to leave the country..
Other thoughts out there are that this is exactly what he wanted to do. Buy twitter, burn it to the ground and then claim it as a loss.
Guess we'll see! Should be an interesting few days over there!!
I've been a fan of Tesla, even bigger fan of SpaceX and Starlink... I knew Elon made his employees slaves, but after having a few friends who make more than 200k per year working for him, I thought he was an "ok" guy.. Never respected the way he treated women or family, but we all have flaws, even though those are pretty large flaws I could still respect him for pulling together people that made rocket booster that can land themselves after going to space... taking self driving tech to the highest levels ever seen etc...
However, this twitter meltdown is incredible to watch.
When he sent out the email on Wed. telling the remaining employees that they need to come back to the office, work double the hours, for the same pay and if they were not producing OUT OF THE WORLD results they would be fired, I knew the **** was about to hit the fan.
THEN HE WENT AND OFFERED 3 MONTHS SEVERANCE OVER THE HOLIDAYS!? Holy cow!
So yesterday the estimates are 75% of the remaining folks quit. They had to close up all twitter offices and all of their access cards stopped working.. rumors are anything from the guys in charge of them quit to they did it because Elon is afraid that people will go in and destroy things.
An email went out saying YOU MUST RETURN TO THE OFFICE, the old guard all cheered "YAY ELON YOU THE MAN" - and then 75% of the company said "NOPE" - LOL!! No matter what side you are on you have to admit this is better than any netflix series!!
Now he's left with an estimated 12.5% of the workforce that he had on the first day of CEO and many of those folks are LOCKED in to the company. One guy has a wife with cancer, who needs the insurance, another guess is that most of the remaining have Visa's tied to the company and would have to leave the country..
Other thoughts out there are that this is exactly what he wanted to do. Buy twitter, burn it to the ground and then claim it as a loss.
Guess we'll see! Should be an interesting few days over there!!
Comments
Dream 'Inn III -- 2008 400 Express
PC BYC, Holland, MI
Could die tomorrow and I wouldn't care..
2018 Cherokee 39RL Land Yacht (Sorry...)
The melt downs on Twitter have been the best part of Twitter since it's launch.
All the Tech Co's are in the midst of lay-offs. A reset in the industry. Definitely an interesting watch.
North America is pretty much at full employment, but the work production is poor.
Accountability - has shown up at the door!
Free speech RULES!
Regards,
Ian
The Third “B”
Secretary, Ravena Coeymans Yacht Club
https://www.rcyachtclub.com/
The revelation that he lied about his education is amazing...especially that his degree was then BOUGHT by board members...wow.
Some people look at this and cheer "Yay, twitter folks have to work hard now"..
What I see are people who cannot leave their job, Visa holders, people who need the healthcare for a spouse, etc..
It's amazing to think that people are CHEERING that others humans now have to "work harder" for their money.. what kind of backwards logic is that?
Got into an all day discussion with a friend who claims he works hard and for that reason alone no one should ever have a cush job that pays well.
He's the same as all the other people who worship wealthy folks. Meanwhile when I bring up that a LARGE percentage of wealthy folks do nothing but spend their parents fortunes, and how little they actually work he had no defense for why they shouldn't work hard.
I work for a bunch of different wealthy people... and sometimes that includes opening mail etc.. the tax these mostly retired people pay are upwards of 500k per year! While they cruise around the country and globe.. not "working" more than just to read summaries of their investments, etc..
The point is why is the common man (us) cheering when a rich man (Elon) comes in and takes away the common mans highly paid job that doesn't require grueling work???
It's almost like when the working man celebrates any politician.. no matter what side they are on. These politicians are literally taking money out of each one of our paychecks to support themselves, and their lavish lifestyle.. AND they work LESS THAN the average 40 hour worker as well!
One more thing before I get off this soap box. Jack Dorsey ran the company the way he wanted and he had 1000's of happy, well paid employees..
Elon is free to run it how he wants.. but he could ease up on the coming in as a dictator role. All I see here is a guy who barely knows how to run a company on his own. There are professional ways conduct business, even in a take over..and sending around an email telling you to click on a link (what?! Who does that!?) to keep your job isn't professional in the least.
He continues to demonstrate how things can be done differently than “the way its always been done” - the big B still can’t get their reusable craft to the ISS yet.
Regards,
Ian
The Third “B”
Secretary, Ravena Coeymans Yacht Club
https://www.rcyachtclub.com/
The new loser of the day is the CEO of Disney who just got fire in less than a year in the job. Disney brought back the old CEO from retirement after the new CEO drove the company to the grount after he took over . It look like some else who took a perfect economy to a disaster in record time, but that is another topic.
2018 Cherokee 39RL Land Yacht (Sorry...)
Dream 'Inn III -- 2008 400 Express
Boat Name: King Kong
"Boat + Water = Fun"
🤣🤣🤣🤣
But my gamecocks did knock off #5 Tennessee 62 -38 this weekend and could also knock off a top 10 ranked Clemson this weekend who's football team isn't nearly as good as Tennessee.
Go Steelers!!!