X officially takes on LinkedIn with its new job posting feature
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The current leadership changes might upset this applecart -- time will tell? The recipe of do-work-publicly, receive job leads in DMs has been so much more effective than all the other things I've used in my career - indeed, linkedin, dice, direct applications etc.
The thought of logging into linkedin makes me feel ill. Last I saw, it was full of vacuous public demonstrations of people showing their dedication to the idea of working. Managerial medicine men claiming that they unlocked the true keys to business and that everyone else had fake keys. Lot of vague platitudes about team playing and working hard playing hard. Synergy, 300 articles about emotional intelligence. Innovation innovation innovation!
There's some of that on twitter, but critically, people post actual work product more. At least that's how it was, haven't been on in a few months.
I have heard of people using Facebook.
Or maybe Elon is just desperate to hire, and wants job postings.
Job posting is a pretty saturated space already (see also: the fate of Google and Facebook's job listing products), so it's not necessarily an easy space to break into. Having already alienated a lot of his potential advertisers probably doesn't help either.
I can't imagine it'll be a huge success, but at least it's a feature _someone_ could want to use.
Of course, we’re a very small minority of the total labour market in the world, but we’re the sort of people tech companies generally want to recruit and/or advertise to.
Since X/Twitter is a private company now we don't have half as much insight as we did last year.
But there are a few clear warning signs that the company's ability to build features and maintain existing infra has been significantly degraded. De Santis's botched campaign launch was one such example.
Not to mention their various downtime problems.
The US is not the world and companies would gladly hire cheap engineers elsewhere when they can (and they will).
> but we’re the sort of people tech companies generally want to recruit and/or advertise to.
Nope.
Companies that have incurred such high operational costs have shifted to hire offshore to cheaper countries instead of hiring expensive employees, especially in an environment where borrowing money and access to capital is now more expensive.
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Not sure if this is common with other types of jobs, but I wouldn't be that surprised.
He also killed the the ads revenue. Have you forgotten about that?
Advertising revenue was on its way down pre-Elon and exacerbated by the macro conditions. Display ads is a tough business. Just look at competitors like Snap. Sure Elon image may have given some customers an easy out but that’s affecting revenue at the margin.
Musk has bought a shitty business in the hope of magic happening which may very well happen because of his changes, albeit still hard to see, but the stupidity, if any, lies in his acquisition of a dud, not his execution post-acquisition which has been arguably perfect up until the questionable brand change to X whose verdict is still up in the air.
He had no choice because of all of them debt he offloaded to Twitter to fund the acquisition. Pretty much to pick between employees and making debt payments.
Not sure why would a corporation prefer to have to pay half a billion in interest per year to having an additional 1000 or more employees?
> somehow blame it on Musk
In large part because of the debt which pretty much doomed Twitter...
Nope.
It was profitable, and it's trivially easy to verify that it was profitable, because it was a public company before it got bought.
Citation: https://www.sec.gov/ix?doc=/Archives/edgar/data/1418091/0001...
Over the entire operation of the company up and until Musk's acquisition in aggregate, Twitter has spent more money than it made.
https://www.macrotrends.net/stocks/delisted/TWTR/twitter/eps...
The problem they have now is that Musk’s instability cost them a lot of revenue but his poor management saddled them with significantly more debt. Now they need to make multiple times more profit than their best year just to pay his loan servicing.
Seems like it's dying and I want it to die but I'm not the person you replied to.
A range of anecdotes are still anecdotes, but the direction all being the same is something I’m drawing conclusions from.
2021 Twitter’s ad revenue was not sustainable. This suggests X’s likely lower ad revenue and declining in the mid to long term. An unsustainable platform cannot sustain indefinitely.
So they are just very angry that Twitter / X didn't 'die' as they expected or didn't die fast enough, so they are eternally still coping for the worst.
But at this point, they should just realise that these articles are essentially click farming for their attention for Twitter / X 's so called 'doom'.