Not a good attitude to have when you're trying to recruit specialized employees in the highly competitive tech industry.
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Not a good attitude to have when you're trying to recruit specialized employees in the highly competitive tech industry.
Yes and no. People are paid to work, regardless. The industry is changing.
Things like this are not static.
Understood, but when the new boss says he wants his employees to return to the office they have little options than to look for employment elsewhere.
I do agree with firing the non productive WFH employees, that goes for any company.
Elon will keep selling Tesla stock to keep Twitter afloat, he has way too much pride and ego to see Twitter fail.
BTW...looking at the 70-year chart and ignoring the trend line just look at 2010 until the end of 2021...that last bull market ended **** near asymptotic which would be a RIDICULOUS trend to expect for anything but a brief time. The market is doing exactly what it should be doing. Exactly what it did after the .com bubble, exactly what it did after the housing bubble, and now exactly what it needed to do after the pandemic bubble and there was no escaping this correction.
Owen Lucas
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From what I understand, a lot of the employees fired had jobs that could be consolidated or were pretty useless like the army of "content moderators" Twitter employed. Sure Elon made a faux pas by asking some important employees to come back, but who said transitions of this magnitude would be easy?
I can already see that spam bots have reduced a lot and this is supposedly with half the company working. The product already became much better. Charging $8 to now join what was once the priestly class of blue check mark bestowed oracles is democratizing and it's funny to watch the self aggrandizing elites complain about it...on Twitter.
Elon runs his companies with the expectation that he is getting maximum profit from his employees. People who sign up to work for him know this, I think the cream of the crop will be left at Twitter. IIRC, he personally interviews every SpaceX employee.
The guy has low tolerance for goofing off. Isn't this what the tech industry is like when you have a high value product? You need to develop and modify it constant in a competitive market place, no time for paid monthly "mental break" days and wine on tap (Elon cancelled these).
I understand you have to offer lots of perks to lure employees in but I think some of these are a farce, at least for coders. One tech company I worked at had a vintage arcade room, pool tables , etc., but it was always empty because the coders were working their butts off.
The biggest threat Twitter faces is an advertising boycott or if MSM and influencers shift to another platform.
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Yup...this morning Twitter is a cluster and Elon seems to have no plan. I said it before and I'll say it again...I see Musk primarily as an egomaniac and not a mega-business genius.
Did you miss the flurry of fake accounts yesterday with $8 checkmarks that were masquerading as major corporations and high profile people? It was so bad they had to suspend the $8 verification program.
Nothing like "verified" Super Mario giving the public the finger to prove you know what you're doing! Lol...
GON
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DD/ Pablo,
I am not going to comment on the leadership aspects.
But I want to share I am employed by a monster huge organization. The only people that can stop me from doing my work are the IT people. They can (and have) done it, and they really are very powerful. When they shut me down, they provided no phone number to call to say hey you go it wrong. They provided no notice, nothing. The way IT is setup at most organizations- the organization is exposed to IT. The IT have a special "job security". About anyone can get replaced, but he IT people have passwords and the ability to destruct without a lot of effort.
I think a new industry might be a firm that prevents an IT department from keeping an organization hostage.
Owen Lucas
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I saw that and I'm sure a solution will be had quickly, once again growing pains with a multibillion dollar transition. The addition of ID or company verification should solve this problem. I certainly don't miss the spam accounts that are trying to hock some crypto scam or have people click on a nefarious link. Just a few days in, the bot problem was fixed and I'm sure this will too.
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Twitter was already in trouble. Like Meta and others, they hired tech as fast as possible to keep up with growth and knew the good tech workers are always in short supply. They hired too fast and now are being forced to restructure. This is the work of the previous administration, Dorsey and Agrawal.
Personally, I am sick and tired of employees who now believe they don't have to come to work. Many companies struggled through the past years due to the world wide pandemic. I salute Musk for telling employees to show up or resign.
Having said this, I think Musk was whack to go into this venture. But it's his money and his life.
Personally, I am sick and tired of employees who now believe they don't have to come to work. Many companies struggled through the past years due to the world wide pandemic. I salute Musk for telling employees to show up or resign.
Having said this, I think Musk was whack to go into this venture. But it's his money and his life.
People working from home can save a lot of money for companies. Companies having problems with hiring people use this enhancement to retain employees. Happy workers are productive workers. If companies can save money having people work from home I see no reason not to keep them happy. On a lighter note the market has been looking better the last couple of days!
I kept saying a few years ago: "How can this keep going on for this long, there's going to be a big correction/crash eventually."
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Think it will come down to a DNA sample for the ultimate verification check mark.
Nothing like spending $44 billion to supposedly have "control" over a social media company.
....and now he's selling Tesla stock to fund this misadventure and warning Twitter employees that bankruptcy may be coming.
Yeah...makes me wonder if all the manpower to actually implement ID verification was just let go...lol? How about taking control of Twitter and doing say nothing for at least a week? You know don't make huge decisions until you understand what's going on? The man is all ego and I think has been very lucky up to this point. Perhaps, his luck has run out.
I don't have an issue if companies want to take that stance but on a personal level I share the lack of desire to go back and wouldn't have an issue walking away and going elsewhere if I was forced to go back to my 3 to 4 hour a day round trip commute. All a tradeoff to the employer/employee.
This cuts both ways! My SIL is in finance and hated working from home because she ended up doing A LOT more work. Her 8AM - 6PM at the office turned into a 6AM - 11PM workday at home with no change in salary. The biggest issue was going from time in the office as the measure of what an honest day's work represents to some managers having to guess X amount of work at home equals an honest day's work. Of course, they were worried about no direct supervision and that people wouldn't work as hard - they and a lot of other companies overcompensated with ridiculous work loads.
She could not wait to get back to the office.
