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Advertising revenue in Twitter crashes by 50%
(lemmy.world)
nuff said
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this post was submitted on 15 Jul 2023
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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