I believe "not yet although he appears to be trying to get out of it but he has no wiggle room thus will probably own it at some near future point" going off the "Money Stuff" columns by Matt Levine (which Bloomberg provide no easy way to link to, obviously.)
We are on the brink of a major global economic turndown [many still in denial]. Q2/Q3 results will be telling. How does one make money selling advertising in a global downturn? Earnings will be crushed. Twitter is taking measures to cut fat and protect its stock price. I expect rest of FANG will eventually follow.
> How does one make money selling advertising in a global downturn?
By not selling advertising but hardware. So at least the two AA of the FAANG are safe(ish), Netflix shouldn't have been in there anyways. And well FG are fine to take a hit :shrug:
>By not selling advertising but hardware. So at least the two AA of the FAANG are safe(ish)
I doubt it. In a recession people will buy less products and subscriptions form Amazon, and less VC money means less startups, means less AWS customers.
Also, people will upgrade their Apple iShiny less often, holding on to their existing devices which work well due to Apple's great SW support, and will buy less stuff from the App Store.
They're safe in the sense they won't tumble, but I expect them to trim the fat by firing their lowest performers and turn the heat on existing workers.
I could also be wrong though, I'm no financial analyst.
"Jane has a good looking typing motion, has a git checkin rate of .324, and scored a 465 on their leetcode"
"She has an ugly husband though, suggests a lack of confidence"
"I like Jim, good coders body, lean cut, good face. Good looking keystroke, the code just explodes off his keyboard with a real pop. You can hear it all the way over at the kombucha tap."
"If he codes so good, where are the git checkins? He's checking in at a .154"
I think it is just a way to call the human resources team. It sounds better if you are hired by the talent acquisition team rather than the human resources team.
I've seen people move into and out of HR roles from areas far more exotic than recruiting, including PAs, engineers, accountants, and be very successful at it. Claiming that there is 'no cross-capability' between HR and recruiting, when those jobs are often done by the very same people in smaller organizations, is ludicrous.
You've drunk so much of the corporate bureaucracy kool-aid that you started to believe it is truly necessary.
AFAICT it's pretty common among tech companies for "recruiting" to be called "talent acquisition" and "human resources" to be called "people operations" or similar
In a firm the size of Twitter, someone's got to keep the recruitment process organized. Making sure candidates are told their feedback, arranging calls with the managers, making sure there's job ads up on various sites, plus talking to agency recruiters.
If they're not hiring anyone though, they don't really need a lot of TA people...
I wanted to have faith that Twitter could actually return to it's former glory, before it was a dictatorial nightmare...
Twitter literally varies it's timeline every day to simply push what it wants to to everyone, just like Instagram. Literally, I've watched it switch from real time reporting to just a total spam haven that ignores everyone's wishes and pushes out repetitive content and dull posts from people and corps that pay money for visibility.
Not even top posts are ranked based by likes or even account popularity (real or even fake followers) any more. Based on what I've observed, it's just whoever pays or spams keywords that ranks first. It's just opinion of course, but I feel like dead Internet is alive and well on Twitter, and even the deal to purchase it is a promotional scheme to keep everyone distracted from the underlying feeling that Twitter is a lifeless shell of it's former self.
It eventually gets to the point where you've got to stop logging in because the emphasis on content that has no real value ranks above the real interesting, relevant, and noteworthy stuff anyone posts on there. It's corrupted far too much to go back to being functional, a smoke screen for pocket change behind the scenes. Elon could do better just building something entirely new (opinion again, but I think the people that really use it would agree).
a) As a hiring manager (not at Twitter, but at another tech firm), we prefer to have recruiters to help us source and evaluate engineering candidates (instead of doing everything ourselves, given we also have other responsibilities around engineering and building product)
b) If you think it doesn't require much talent to run Twitter, then the talent must really really suck at some of the recent competitors who are trying to take on Twitter.
Talent at Twitter is apparently not there, notably not being forthcoming with the inner operation details required for a buyout, unless they do not wish to be bought out, which jn that case is an even sadder form of corporate decline in its intrinsic and inherent value.
I wonder how much of this is economy versus Elon wanting to instill the type of workforce he wants by replacing the cause at the source. Similar to how companies make no politics policies and then give people that don't like that a generous severance.
They have, but this is a long-term play. Slowing hiring is one thing, but slowing your ability to ramp up is commitment to slowing hiring for a long time in the future.
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[ 2.8 ms ] story [ 112 ms ] threadIt’s already happening.
By not selling advertising but hardware. So at least the two AA of the FAANG are safe(ish), Netflix shouldn't have been in there anyways. And well FG are fine to take a hit :shrug:
I doubt it. In a recession people will buy less products and subscriptions form Amazon, and less VC money means less startups, means less AWS customers.
Also, people will upgrade their Apple iShiny less often, holding on to their existing devices which work well due to Apple's great SW support, and will buy less stuff from the App Store.
They're safe in the sense they won't tumble, but I expect them to trim the fat by firing their lowest performers and turn the heat on existing workers.
I could also be wrong though, I'm no financial analyst.
Twitter, has laid off 30% of its talent acquisition team, per WSJ. https://lnkd.in/d38rGUvX
Elon Musk’s deal to buy Twitter, is in peril, per Washington Post. It states talks with investors have cooled down. https://lnkd.in/dg7d_Vsr
Twitter, has reaffirmed that spam accounts represent less than 5% of daily users based on closely held user
https://lnkd.in/dy37nMsu
Is it like the Scouts in Moneyball? https://www.youtube.com/watch?v=pWgyy_rlmag
"Jane has a good looking typing motion, has a git checkin rate of .324, and scored a 465 on their leetcode"
"She has an ugly husband though, suggests a lack of confidence"
"I like Jim, good coders body, lean cut, good face. Good looking keystroke, the code just explodes off his keyboard with a real pop. You can hear it all the way over at the kombucha tap."
"If he codes so good, where are the git checkins? He's checking in at a .154"
You've drunk so much of the corporate bureaucracy kool-aid that you started to believe it is truly necessary.
Anywhere with a small team has people doing both, which, as it happens, is exactly the same situation for HR…
Those are called people managers.
If they're not hiring anyone though, they don't really need a lot of TA people...
Lol. Of the 15 companies I interviewed with, only 1 gave feedback.
Must be the 10,000+ “bot-farmers” (according to SEC filing).
Twitter literally varies it's timeline every day to simply push what it wants to to everyone, just like Instagram. Literally, I've watched it switch from real time reporting to just a total spam haven that ignores everyone's wishes and pushes out repetitive content and dull posts from people and corps that pay money for visibility.
Not even top posts are ranked based by likes or even account popularity (real or even fake followers) any more. Based on what I've observed, it's just whoever pays or spams keywords that ranks first. It's just opinion of course, but I feel like dead Internet is alive and well on Twitter, and even the deal to purchase it is a promotional scheme to keep everyone distracted from the underlying feeling that Twitter is a lifeless shell of it's former self.
It eventually gets to the point where you've got to stop logging in because the emphasis on content that has no real value ranks above the real interesting, relevant, and noteworthy stuff anyone posts on there. It's corrupted far too much to go back to being functional, a smoke screen for pocket change behind the scenes. Elon could do better just building something entirely new (opinion again, but I think the people that really use it would agree).
b) If you think it doesn't require much talent to run Twitter, then the talent must really really suck at some of the recent competitors who are trying to take on Twitter.