> Elon dumped 80% of Twitter staff and it didn't collapse.
That was because Twitter was massively overstaffed. Are all these other businesses also overstaffed? The result of cheap money? Are they all atu
That was because Twitter was massively overstaffed. Are all these other businesses also overstaffed? The result of cheap money? Are they all atu
This has always been true for any mature companies.
The conundrum is that tech companies in particular are really averse to be perceived as mature companies, because their valuations have to be more grounded in reality.
What's the proof it was the only tech company being overstaffed?
For example Meta doubled its headcount during the pandemic without any increase in market share or new products. How do you explain that not being overstaffed?
Meta probably overhired, but if the overall market grows immensely due to even more commerce moving online because of the pandemic, it would make sense to hire a lot more people even without a change in market share or new products.