It's almost like blaming the new president for having to raise taxes after the last president spent too much $$ and raised the deficit during the good times.
When Twitter massively expanded their headcount over the last 3 years their stock price was nearly 30%+ higher than it was before the stock market tanked.
People here aren't paying the bills or looking at the financial sheets. We're taking a human look at it (which is good) but there's more to this stuff.
The C-suite was probably waiting for Musk to take over to make any hard choices that were coming anyway.