Musk To Fire 50% Of Twitter's Workforce Tomorrow

@CountScrofula You're right. And that management strategy isn't flying with younger workers anymore. Particularly in tech. The "Great Resignation" was a real thing. He's been anti-worker for as long as he's been in business and this isn't Tesla. I know it won't happen but I would LOVE to see a company wide walkout.

@Ynotisay Right, and vitally, his companies have always been fuelled by massive injections of public money and investment on future returns rather than, y'know, profit from sales. His true gift was selling politicians and investors on a kind of future cool which has funnelled endless cash into him. This is despite most of his ideas being dogshit dystopian nonsense.

He didn't want twitter, he just had a fit of pique after he got his wrist slapped for making a lame transphobic joke because his wife is now dating a trans woman. But his attempt at a rugpull scam blew up in his face and now he owns a company that has always been on the brink of failure.

Twitter robs him of everything he's good at and maximizes what he's bad at. There's no investment money since it's private. It never managed to get into the public subsidies game and there's no real promised future to cash in on beyond just... twitter but worse.

Anyways what's important is this is extremely funny and my hope is this destroys not just twitter, but Elon Musk as a public figure anyone cares about.

@CountScrofula Yeah. The whole thing reeks of nothing but a temper tantrum. Love that he overpaid BIGLY for it. I didn't know about how his ex-wife. Dating Chelsea Manning? Holy shit. Too perfect. I do know one of his daughters came out as trans.
The hero worship of this guy is something I could never wrap my head around. Like with Trump it was all so blatantly clear from the start. It really speaks to how much some just need a 'savior.' And they'll get screwed in the ass over and over and still hang on to hope. I just see it as really weak-minded. They can't see that the emperor has no clothes.

@ViciDraco The Wall Street Journal is reporting, this morning, that the major brands, have already placed an ad-placement hold, on Twitter advertising, and that money is getting diverted to Google and Meta.

The latest are General Mills and Volkswagen/Audi.

Musk is trying to assure advertisers, privately, that he's not going to turn Twitter into a free-for-all, which is not exactly what he said he wants to do when he bought the company. So, to make Twitter financially viable, he will have to "moderate", and to moderate, he needs the employees he's firing now.

To increase ad revenues, he needs all the executives, and groups, that already made a quiet exit since the deal closed, and by all, I mean they all left, every single executive managing Twitter's ad revenue and advertisers relationships has already left the company.

At the end of the day, and again, to make the company financially viable, he's going to have to moderate, AND have people in place to make it happen.

@Northwest imagine having the sheer wealth to pull a 44 billion dollar whoopsie and still being able to put up a facade of confidence because your livelihood hasn't actually been impacted that much.

@ViciDraco He brought about $12B into the deal, backed by his Tesla stock holdings. The rest of the debt was assumed by a group that includes Larry Ellison and a few other douche bags. And in another first, the banks that financed the deal, after the lost $500M on paper, since the deal was announced, decided to treat it as "hung debt", as in they're keeping it on their books, instead of weaponizing their brokers, to sell the debt on various secondary markets (just like mortgage companies do).

@PepsiColaP Not if it's being reformed by Musk.

@PepsiColaP He's gonna remind us all how there's no limits on how much worse a sh*thole can become