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Advertising revenue in Twitter crashes by 50% (lemmy.world)

submitted 1 year ago by ghariksforge@lemmy.world to c/technology@lemmy.world

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[–] tookys@fosstodon.org 1 points 1 year ago

@SJ_Zero

@Soundhole

Musk is somebody who is used to running a startup, where if you fire everybody and shut down operations for a couple years while government subsides and pre-orders are happy to wait 6 years for things to actually be delivered.

It doesn't work for a business that needs to remain operational.

Alot of companies announced layoffs, it was typically only 2-7% of their workforce. Elon laid off 75%+

And yes, a lot of his actions are necessary moves. He needed a transition plan