Arguably, it has a lot more than that.
Elon Musk recently stated that he would lay off 75% of Twitter’s bloated staff of 7,500. Twitter was quick to say no layoffs are planned…which is technically true. However, the people saying there are no plans are not the people who’ll be making these decisions post-acquisition.
The larger question is…why does it take 7500 people to run Twitter?!?
Here’s some comparisons:
- SeekingAlpha: amazing fintech site with integrations to tons of other sites, processes and beautifully presents mountains of financial reports, lively moderated forums, handling and paying hundreds of contributors, plus organizing and presenting news 24×7: 170 staff
- Chess.com: world’s #1 chess website with thousands of people playing simultaneously, tons of forums and discussion, complex home-engineered anti-cheat systems, video content and lectures, special events and news coverage: 400 staff
- Reddit: 700 employees
- PornHub: 150 employees
It’s truly hard to believe that Twitter requires more than ten times the number of people to run than Reddit. If you told me 1,500, I wouldn’t argue – Twitter is bigger and the way it works requires more people to watch content. So maybe 2x Reddit. Heck, maybe 3x which would be Musk’s number. But 10x? How can that not be gross bloat?
What do you think? Please react to Musk’s plans below in the comments!
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It is difficult to believe that Twitter stated that all searches were based on Reddit. As they are not a consilium, they have decreed that after acquisition, facts are not facts. Thank you very much for sharing it for me and everyone to know.