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by rvz 1297 days ago
So in summary, Twitter was already running itself to the ground quicker without the 'Deep Cuts' and has always been running in a very extremely inefficient manner with rising operational costs which that justifies the radical shakeup and cutting of employees needed to save it.

Not much of a surprise there, but necessary to significantly reduce these operational costs despite all the deranged and exaggerated scare stories of the immediate and complete collapse of the blue bird site.

1 comments

That’s not evident from their financial filings, which show profits for recent years and would have been profitable last year except for a one-time lawsuit settlement. They spent a lot in stock-based compensation but that’s a different category.

Any time the numbers are that far off, I’d question the conclusion being advanced by the person who isn’t legally liable for errors.