Elon Musk keeps laying off Twitter employees after saying cuts were done
theverge.com
theverge.com
Elon spent tens of billions of his own money that's now gone for good as Twitter's value is likely below that of the LBO debt. In addition to not understanding ads, it appears he does not understand LBOs. That makes him cranky. He is taking it out on his employees, suppliers, and landlords.
The data in the first paragraph is also misleading:
> On November 21st, Elon Musk gathered Twitter’s remaining employees at its San Francisco headquarters to tell them that, after forcing out roughly two-thirds of the workforce in a matter of weeks, layoffs were over. He keeps laying people off anyway.
Musk "forced out" half of the workforce, not two-thirds. The other swath of employees that brought the final number of departed employees to two-thirds CHOSE to leave. It's little liberties with language that journalists use like this that erode trust in readers. This doesn't detract from the main story that Musk has made Twitter an inhospitable place to work, laid off thousands, destroyed the ad business, etc., but why have sloppy reporting on the details when the facts speak for themselves?