SoylentNews is people
SoylentNews
Submitted via IRC for TheMightyBuzzard
Twitter Inc. is planning widespread job cuts, to be announced as soon as this week, according to people familiar with the matter.
The company may cut about 8 percent of the workforce, or about 300 people, the same percentage it did last year when co-founder Jack Dorsey took over as chief executive officer, the people said. Planning for the cuts is still fluid and the number could change, they added. The people asked not to be identified talking about private company plans.
Yup, they're really pining for the fjords now.
This discussion has been archived.
No new comments can be posted.
Twitter Planning Hundreds More Job Cuts as Soon as This Week
|
Log In/Create an Account
| Top
| 26 comments
| Search Discussion
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
Madness takes its toll.
(Score: 3, Informative) by jmorris on Wednesday October 26 2016, @04:57AM
#MakeAmericaGreatAgain
Nope. Too long for Twitter. #MAGA #TRUMP2016 That is how you have to say things in Twitterspeak. Feh. A Tweet is barely bigger than an old skool signature. BBS 72 character style, not the email/usenet three and four line monster .sig junk.
The whole idea was suspect from the start, same for facebook. Even if useful services the market valuations were purely imaginary numbers transposed to accounting. Seriously, just from the summary we know it is bullcrap. Firing three hundred people is newsworthy only because social media companies are actually so tiny. A couple of thousand people, most just useless filler to conceal just how few people are really needed, a rent payment to a couple of datacenters to co-lo servers and lease payments on said servers. That is it. No way. Just a matter of time before a commoditization took em down. Going full retard certainly sped their decline but math said their valuation was going to drop to something a lot closer to the actual value they provide. Their only asset is the content users give them for for the 'privilege' of being ruthlessly datamined. Somebody will offer the users a better bargain and the fabled 'network effect / first mover advantage' works right up until it doesn't. Ask MySpace how that works. Gab.ai is probably not going to be the only one to join the race to replace them.
(Score: 2) by aristarchus on Wednesday October 26 2016, @07:21AM
Nope. Too long for Twitter. #MAGA #TRUMP2016 That is how you have to say things in Twitterspeak. Feh.
Finally, jmorris has some of that wisdom he keeps talking about. But, of course, he is wrong. Sorry to bring it up, but the character limit? First as a thing with taggers: that's right, grafitti. The Graphic Arts of Brevity! How many letters does it take for me to say what I need to say to the world, yo! And how many can I finish before the cops show up. Yes, the origins of Twitter are in the seedy undersides of society, grafitti artists who cannot actually express themselves in more than 144 characters.