Twitter was doing pretty okay though, looking at revenue and profit trajectories. A fairly sharp layoff of around 20-25% might've been needed to trim back down from the pandemic hiring spree and the lack of the anticipated growth, but that should've been sufficient to restore profitability looking at their last reported numbers.
With Twitter Blue steadily and exclusively rolling out new features like edit functionality that might've begun contributing more to the bottom line in time too. It was still too new and too geographically limited to be certain.
None of this was necessary.
