Elon Musk fires 50% of Twitter staff (opens in new tab)

(twitter.com)

5 pointscocochanel3y ago3 comments

3 comments

When interest rates are high and your company is not making money, if you don't downsize, you go bankrupt.

When you buy a company that doesn't make money to show off, then saddle it with $13bn dollars of debt in a leveraged buyout, it goes bankrupt faster. Extra points for driving away paying advertisers in the process then blaming "activists".

jalexanderh3y ago

tough day in tech

j / k navigate · click thread line to collapse

3 comments

danuker3y ago

When interest rates are high and your company is not making money, if you don't downsize, you go bankrupt.

gregjor3y ago

jalexanderh3y ago

tough day in tech

j / k navigate · click thread line to collapse