Twitter now has billions in debt that it has to service and has lost half of their top 100 advertisers. Their plan to sell an 8$ subscription won't have the reach or ability to service that debt, and while layoffs were necessary to cut costs, doing it in such a classless and unorganized way opens them to serious site reliability issues going forward (they were even down a bit today, for example). I don't see this playing out well to be honest.