https://www.forbes.com/sites/nicholasreimann/2022/10/20/musk...
Then a week later took it back:
https://finance.yahoo.com/news/musk-tells-twitter-employees-...
I think every single person at Twitter should be contemplating their employment right now.
Most of the remaining skilled employees started looking for new jobs immediately. They could see the writing on the wall. Others just checked out and stopped caring about their work, doing just the bare minimum. The bulk of the remaining experienced employees were gone within two months. The people who remained were the lower-level employees, without the experience to keep the company working.
Coincidentally, the company fell apart and went into liquidation 6 months later.
But it was absolutely on a fatal path before that event, just a question of how long.
That the company later failed is not proof positive that the layoffs were a bad idea.
With all the upheaval at Twitter, I doubt it's going to survive. Well, the name will remain, and as long as servers keep running, some people will keep using it, so as long as Musk can hire enough people to keep the servers running, Twitter might be able to continue in some form, but it will never be the company it once was.
Well known tactics, usually employed by politicians. Want to raise taxes by 5%? Don't tell that, just announce previously that the country needs a 10% taxes raise, then for pretend for a while you're struggling to lower them because you care for the people and finally settle to 5%.
If you have employable skills you will find work
But, seriously, I’ve got the worlds smallest fiddle for someone who is worried that they may not make 270K+ going forward.
Yes my stock has dropped by 50% from its 52 week high. It stings. But it doesn’t affect my life at all. I made sure that I could live off of my base pay - and still max out my 401K.
Surely you saved during those years of 270k tc
Also now your skills and experience are more relevant to your salary.