Welcome to "new" Twitter

Twitter and politics have always been synonyms for a long time. Currently, it has turned into a circus that is juggling balls of problems. Nilay Patel in The Verge article describes Twitter's problems as "political problems and not engineering problems".

Nilay Patel further expresses his concern by saying, "Twitter's asset is the user base: hopelessly addicted politicians, reporters, celebrities, and other people who should know better but keep posting anyway. You! You, Elon Musk, are addicted to Twitter. You’re the asset. You just bought yourself for $44 billion dollars. The problem when the asset is people is that people are intensely complicated, and trying to regulate how people behave is historically a miserable experience, especially when that authority is vested in a single powerful individual." Ha ha, as they say.

This is one part of the problem, another part is "Firing employees in a signature Musk style". Tim Cohen in his Daily Maverick article talks about it. He says, "I could be wrong; Musk is resourceful and smart — he could pull it out of the hat. But you can’t help thinking someone is going to start drawing lettuce comparisons pretty soon." As per a Bloomberg report, about 3700 jobs could be cut out of the 7500 workforce. That's a LOT! And we are seeing it unfold in front of our eyes.

Recently, Financial Times reported that a lawsuit seeking an injunction to block the employee cuts in the US, so that Twitter does not break the Worker Adjustment and Retraining Notification Act, which requires employers to provide 60 days’ notice of a “mass lay-off” to affected employees. Is anyone listening in the India Twitter team? Only a dozen employees are left standing.

Well, when will this circus end, only time will tell. But one thing is certain for millennials, no job is too secure. You need to plan ahead. Perhaps MBAs will gain more currency again.