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Posted
  On 11/17/2022 at 7:08 AM, Goredho said:

That's what gets me.  I've seen lots of desired and managed attrition, private equity acquisitions, etc....  I have never seen new leadership operate like this.  They don't fire a large slice of the company in humiliating fashion on day 1.  They don't make big product changes immediately.  They want managed attrition, but are subtle in how they go about it to protect the company's reputation.  They don't put every potential worker needed to make the business operate and grow on notice that the workplace is toxic.  They don't do that because they have a goal of making money.  Of getting a nice return on their original investment.

Everything Elon is doing right now is counter to that.  It makes no sense.  He's either lost his goddamn mind, or he's got goals other than increasing Twitter's valuation.

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jack black hardcore GIF

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Posted (edited)

I get wanting to charge $8 for the check (dumb but I guess make money where you can), but why do away with the vetting? I thought the whole point was to verify the person or company is legitimate. Makes it easier to know if an account is a parody or spoof. I doubt Kelloggs cares if some non-checked account is being stupid, people would easily see it's not really them. I'm sure plenty of companies and celebs would pay $8 a month to maintain the check for that reason. What was the logic behind just doing away with that part of the process? (yes i know he's not operating with much logic but I seriously don't understand).

Edited by 'stache
Posted (edited)
  On 11/17/2022 at 3:49 PM, Brisketexan said:

I think you understand it just fine.

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Yes, I know, easy answer. But just adding $8 to the process seems easy as hell. It seems harder to do away with the vetting side of things. There was discussion earlier if he's just an asshole or if he's intentionally trying to kill twitter. This decision in and of itself seems to support the latter.

Edited by 'stache
Posted
  On 11/17/2022 at 3:47 PM, 'stache said:

What was the logic behind just doing away with that part of the process?

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Because the target market of people who want to be perceived as verified is much larger than the actual population of verified checkmarks pre-Elon. So in order to make hundreds of thousands of dollars in subscription revenue, Elon destroyed the value the legacy checkmarks provided to the platform and cost Twitter hundreds of millions of dollars in ad revenue.

Bizarro capitalism.

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Posted

Elon is doing what he wants, as is his purview and predilections, which is the luxury of buying the dang thing. Sure, he's torching it, and alongside it his own money, and we think it's stupid, but hey, he bought it. 

Posted
  On 11/16/2022 at 7:20 PM, Pods said:
What a terrible fucking job. What idiot is going to take that?
Elon wants someone to come in and fix his incomprehensibly stupid fuck-ups and make money for him, while also making sure Elon isn't the butt of even one joke.
He'll still micromanage them to Hell and back.
If they fail, they'll take the blame.
If they succeed, Elon will take the credit.  

I would do it. It’s an easy fix and you will look like a rockstar and get a better offer elsewhere without his dumbass.
Posted
  On 11/17/2022 at 4:45 PM, Nivek said:

I would do it. It’s an easy fix and you will look like a rockstar and get a better offer elsewhere without his dumbass.

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Tell me you've never refactored a legacy tech stack without telling me you've never refactored a legacy tech stack

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Posted

I am convinced he is just either playing Brewster’s Millions by himself OR he has some weird plan where he is going to bankrupt twitter to take the capital gains loss to offset billions of dollars in Tesla sales. This might have been the only way for this to get that much money out of Tesla. 

Posted
  On 11/17/2022 at 4:49 PM, Captainant said:
Tell me you've never refactored a legacy tech stack without telling me you've never refactored a legacy tech stack

Fair. But I can hire nerds to send it to the internet. giphy.gif
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Posted

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Posted
  On 11/17/2022 at 5:12 PM, NoName said:

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This was the point. Have some colorable argument that these people resigned and don’t pay them anything. Then fight like hell against those that sue in the hopes most people just give up. 

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Posted

I'd take three months severance in a heartbeat. If I had those skills I'm sure I could find a job quickly and would take the paid vacation. I'd probably take this path even if my new boss wasn't a complete psychopath. 

Posted
  On 11/17/2022 at 5:52 PM, 'stache said:

I'd take three months severance in a heartbeat. If I had those skills I'm sure I could find a job quickly and would take the paid vacation. I'd probably take this path even if my new boss wasn't a complete psychopath. 

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Except a lot of tech industry is downsizing. Market is shitty for them

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Posted
  On 11/17/2022 at 5:54 PM, Pig Bellmont said:

Except a lot of tech industry is downsizing. Market is shitty for them

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But a lot of those people are in jobs that aren't specific to the tech sector.  A lawyer or someone in HR or in sales can go do that in some other sector.  

And for that matter, everyone needs coders and engineers.  As someone who just tried to make a reservation at marriott.com, I can tell you that they're in serious need.

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Posted
  On 11/17/2022 at 5:12 PM, NoName said:

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These almost certainly meritorious claims, coupled with the functional insolvency of Twitter (a point rather strongly bolstered by Elon's openly stated threat of bankruptcy a few days ago) actually set up a scenario where an unusual mechanism of relief might oughta be in play: file suit, and then seek an injunction requiring Twitter to set aside money (maybe even put it in the registry of the court?  It's a weird thing, been a LONG time since I've looked at it) to pay the money judgment, because there is a likelihood that the enterprise, which DOES have the cash to pay the claims today, will NOT have the cash to pay them by the time litigation concludes.

Again, been a million years since I looked at how that works, but it's a thing.  A very rare and narrow thing....which Elmo may be setting himself up for rather well.

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Posted
  On 11/17/2022 at 5:52 PM, 'stache said:

I'd take three months severance in a heartbeat. If I had those skills I'm sure I could find a job quickly and would take the paid vacation. I'd probably take this path even if my new boss wasn't a complete psychopath. 

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My first thought was that 3 months Bay Area Tech Pay probably = 3 years relaxing on any beach that doesn't have flights full of gringos landing nearby.

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Posted (edited)
  On 11/17/2022 at 5:52 PM, 'stache said:

I'd take three months severance in a heartbeat. If I had those skills I'm sure I could find a job quickly and would take the paid vacation. I'd probably take this path even if my new boss wasn't a complete psychopath. 

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Agreed; in fact and I said in the other thread, 3 months severance to "quit" is downright gracious. Not seeing the problem here.

edit to add: I'm hearing the RIFs in other big tech is 60 days severance from my friends at AWS and SFDC.

Edited by MeerkatBong
Posted
  On 11/17/2022 at 7:33 PM, MeerkatBong said:

Agreed; in fact and I said in the other thread, 3 months severance to "quit" is downright gracious. Not seeing the problem here.

edit to add: I'm hearing the RIFs in other big tech is 60 days severance from my friends at AWS and SFDC.

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the problem is they were given 24 hours to make a decision from an email sent at midnight - what a dick move, which is the point. that's an issue. also you can't say "if you don't reply you have resigned" - that's not how it works!

also it isn't legal in many places outside the US including the EU. the 90 days is whatever, depending on where they are they have to pay out 60 days no matter what (NY and CA are two places where it is required IIRC)

 

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Posted
  On 11/17/2022 at 8:32 PM, NoName said:

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"Somehow, other countries do just fine without class-action law."

He's not wrong.  Do you think that he's interested in what they do instead?  I'm thinking that their path of "more regulation" is not what he has in mind.

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Posted
  On 11/17/2022 at 8:34 PM, Brisketexan said:

"Somehow, other countries do just fine without class-action law."

He's not wrong.  Do you think that he's interested in what they do instead?  I'm thinking that their path of "more regulation" is not what he has in mind.

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saw multiple people in the replies saying that...

Posted
  On 11/17/2022 at 8:34 PM, Brisketexan said:

"Somehow, other countries do just fine without class-action law."

He's not wrong.  Do you think that he's interested in what they do instead?  I'm thinking that their path of "more regulation" is not what he has in mind.

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Except he is wrong. The UK, for example, has formally had collective actions since 1999, and informally before then. Of course, the UK has been a shitshow for a while too…

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Posted (edited)
  On 11/17/2022 at 8:34 PM, Brisketexan said:

"Somehow, other countries do just fine without class-action law."

He's not wrong.  Do you think that he's interested in what they do instead?  I'm thinking that their path of "more regulation" is not what he has in mind.

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he really is a fucking idiot.  I know more about the law from a business law book than this idiot and his HR people do.  Of course, his lawyers are happy to keep billing the moron.   Who could have known there was case law that decided this decades ago?  

Edited by Nivek
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Posted
  On 11/17/2022 at 7:33 PM, MeerkatBong said:

Agreed; in fact and I said in the other thread, 3 months severance to "quit" is downright gracious. Not seeing the problem here.

edit to add: I'm hearing the RIFs in other big tech is 60 days severance from my friends at AWS and SFDC.

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Facebook is handing out 4 months as a base plus additional severance for time worked plus 6 months of health insurance coverage.

One tech company I worked for in the oughts was doing 3 months as a base plus time worked. I knew people walking out with over 6 months of severance.

As previously mentioned, the big issue is how Twitter notified the employees and the other issue is Twitter is already being sued for not honoring the agreed upon severance package and some fuckery with people that had RSU/Bonuses to be paid out.

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Posted
  On 11/17/2022 at 10:23 PM, Nivek said:

he really is a fucking idiot.  I know more about the law from a business law book than this idiot and his HR people do.  Of course, his lawyers are happy to keep billing the moron.   Who could have known there was case law that decided this decades ago?  

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He’d be a fucking nightmare client and would almost certainly refuse to pay the bill if the slightest thing didn’t go his way

Posted
  On 11/17/2022 at 4:42 PM, MeerkatBong said:

Elon is doing what he wants, as is his purview and predilections, which is the luxury of buying the dang thing. Sure, he's torching it, and alongside it his own money, and we think it's stupid, but hey, he bought it. 

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I don't see why folks are upset. Hopefully he buys Facebook next and burns that to the ground also.

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Posted (edited)

https://www.wsj.com/articles/elon-musk-made-an-unusual-request-in-fallout-with-a-top-lieutenant-11668140888

 

  Quote

Last year, Elon Musk parted ways with one of his top deputies at Tesla Inc.,  a French auto-industry executive named Jerome Guillen.

Mr. Guillen worked at Tesla for roughly a decade, rising to oversee the company’s car division. He was rewarded with equity grants that swelled with Tesla’s valuation. By the end of 2020, Mr. Guillen’s unvested equity in the car maker was valued at around $600 million, according to an Equilar Inc. analysis.

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As their long relationship broke down, Mr. Musk made an unusual request: He asked Mr. Guillen to forfeit some of his unvested equity in the car maker, people familiar with the matter said. Soon after, Mr. Guillen left Tesla.

Exactly what went wrong between the two leaders couldn’t be learned. But some of the people familiar with the matter said one issue of broader concern for Mr. Musk has been that some employees were making more from Tesla than he thought their contributions merited.

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Posted
  On 11/16/2022 at 7:04 PM, Bama Chick said:

 

 


He barely lasted one Truss.

 

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Holy shit, does he finally realize he sucks at this?  That would be the smartest thing he could do.  Which is why he'll announce SBF as his new CEO shortly.  SBF plans on beefing up Twitter's internal controls.  Just like he did at FTX.

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