Twitter Trainwreck

[Leucosticte]

Originally Posted by minn19

Curious as to how all of you guys supposedly know this info?

My best friend's cousin who works for Google in San Francisco. He's around those types all the time as you might imagine.

[minn19]

Originally Posted by Leucosticte

My best friend's cousin who works for Google in San Francisco. He's around those types all the time as you might imagine.

Third party info from a company of 7500 people, totally clears it up top to bottom.

[dradernh]

Originally Posted by Leucosticte

I mean the average Twitter employee is the type of person who complains about their salary while making 150k (or more) a year, I don't feel bad for them.

More interesting, perhaps, is how far a 2022 $150K salary doesn't go in Baghdad by the Bay. I lived in the City from grade school through retirement (1994, age 45) and began earning in six figures doing tech work in the early 80s. To say wages went further at that time doesn't begin to describe the cost of living changes that have taken place since that time in both the country and the Bay Area (more so the latter).

I used a very sharp pencil back then to ensure that I could get out as early as possible, and I think I have a fairly decent understanding of what a $150K salary has to offer a young(er) person today who is working in the Bay Area.

Something that hasn't changed very much - if you're single and earning $150K today - are income and payroll taxes. That is, the effective/average tax rates for a California resident earning that inflation-adjusted wage have changed very little. At present, Federal income taxes are going to take 20% of a $150K gross wage; California is going to take another 8%; and, FICA will take 7.65%. That leaves the wage-earner $96,500 with which to pay for everything else, and that's where it gets interesting.

Today's average one- and two-bedroom apartment rents in the City are $3K and $4K, and that's down significantly from a few short years ago. It's worth noting that the average apartment in the City is not particularly desirable; the units suited to a well-paid tech engineer will run at least 50% more. Let's say $5K/mo. for a unit worthy of where you've come from, your education, your professional status, and who you may wish to attract to be a part of your life. There goes a quick $60K of the $96,500 you had left after taxes. Roommates are clearly a solution to this particular part of the problem.

But let's say you've skipped the roommate route and are now left with $36,500/year of disposable income. Out of that, you're going to fund your retirement (hopefully), feed yourself from very expensive grocery stores and/or even more expensive restaurants, pay for at least semi-regular Uber/Lyft rides unless you're willing to deal with Muni/BART), pay for the toys you absolutely need to have (not a BMW!), buy the clothing you need and feel you have to have, pay for dates out, pay for trips home to see family and friends, and on, and on, and on...until it's all gone.

In the context of all that, $3K/mo. in the City isn't going to go very far at all, and those earning those wages have made that clear in social media posts for the past few years. They're not serfs, but they're not going to live anything like the American dream doing what they're doing. My take is that it's not the cool kids who are chopping code for the likes of Apple, Facebook, Google, Microsoft, Twitter, et al.

As always, this is only my 2¢.

[Leucosticte]

Originally Posted by minn19

Third party info from a company of 7500 people, totally clears it up top to bottom.

It certainly gives you a general trend.

[ryan stewart]

Originally Posted by Leucosticte

I mean the average Twitter employee is the type of person who complains about their salary while making 150k (or more) a year, I don't feel bad for them.

The average person from the midwest commenting about 150k as an excessive salary has no clue how expensive real cities are is what I find the funniest.

[minn19]

Originally Posted by Leucosticte

It certainly gives you a general trend.

In a large (ish) company, no it doesn’t.

You guys have this all figured out, I’ll see myself out.

[dradernh]

Originally Posted by minn19

In a large (ish) company, no it doesn’t.

You guys have this all figured out, I’ll see myself out.

Is this more helpful, perhaps?

https://www.comparably.com/companies/twitter/salaries

[minn19]

Originally Posted by dradernh

Is this more helpful, perhaps?

https://www.comparably.com/companies/twitter/salaries

I posted that same link a few posts back.

[dradernh]

Originally Posted by minn19

I posted that same link a few posts back.

Sorry about that; I do try desperately to not make that mistake!

[minn19]

Originally Posted by dradernh

Sorry about that; I do try desperately to not make that mistake!

No prob, it’s all good!

[KRS_SN]

Building up a firm from scratch in an environment with no effective competitors and aided by govt subsidies and the climate movement is one thing.
My sympathies are firmly with the employees. A new boss comes in and fires folk and makes life very hard for the rest.
As someone put it "The fact it would go from central town square for the world to 'will it work tomorrow?' is a big question,"

[its55]

Of course I don't like seeing people loose jobs, however others such as Amazon are laying off people right and left as well.

What Musk has been doing with Twitter is beautiful.

[floridaorange]

Hopefully Facebook/meta will be next, followed by sweeping restrictions on instagram, spapchat and tiktok. Give them the adult content rating they deserve. Get them out of the hands of our kids and fine those who have targeted the youth and the unsophisticated. More education in the classroom on what theses internet apps are doing to our young peoples developing minds.

[vreihen16]

Many here seem to have forgotten that Elon Musk was one of the founders of PayPal, and came from the Stanford University business startups culture. He's no stranger to dotcom and Silicon Valley culture.....

[BMWILUVU]

He is streamlining the company. The people who resigned were probably censorship liberals anyway. All he needs to keep are the agnostic engineers who don't have an ultra-liberal agenda. Anyone here who worked for big companies know only 20% of the workers do 80% of the work and I am being generous.

[OkieSnuffBox]

Originally Posted by Tyga11

That's a pretty sad mindset to have - rooting against him bc he has an ego?

I really don't know what's wrong with the e-mail he sent out. He wants people back in the office and to actually work. It's obviously unrealistic of him to expect everyone to have his drive but he's making a point and trying to change the attitude there.

You're mad at him because he wants Twitter to be successful? Such a bizarre take I've seen repeatedly from the MSM

GTFOH with that stupid crap. Our VP has told us to chill out and step away from the computer because we are MORE PRODUCTIVE working from home than we were in the office.

[Turkish Pickle]

Originally Posted by minn19

Last, why is it assumed that if someone doesn’t want to go “hardcore” they are automatically considered slackers and not productive/important employees?

This isn't specific to Elon/Twitter, this has been my experience through my career

[Tyga11]

Originally Posted by OkieSnuffBox

GTFOH with that stupid crap. Our VP has told us to chill out and step away from the computer because we are MORE PRODUCTIVE working from home than we were in the office.

Im a work from home proponent for the record. With that said - extraordinary times call for extraordinary measures.

No one was working at twitter man. Name one thing which has been updated since 2010 on the app? They’ve promoted a culture of stagnation. Elon had to shake things up and get folks back in the office to get motivated

[Tyga11]

Originally Posted by floridaorange

Hopefully Facebook/meta will be next, followed by sweeping restrictions on instagram, spapchat and tiktok. Give them the adult content rating they deserve. Get them out of the hands of our kids and fine those who have targeted the youth and the unsophisticated. More education in the classroom on what theses internet apps are doing to our young peoples developing minds.

I agree for the record. Kids are literally addicted to tiktok. It’s as big of a problem as the drug epidemic.

I shake my head with what Meta is promoting with VR. Is the real world that bad? Why do we need an alternate universe to interact.

[SteezeforMyBimmerMon]

Elon is becoming a political figure.

[Sedan_Clan]

Why is it a train wreck? Shortly after Twitter (…Musk) laid off workers, Amazon (…Bezos), Meta (…Zuckerberg), etc. laid off workers and Google is setting themselves up for massive layoffs as well. Musk isn't stupid.

Meta and Amazon laid off nearly three times as many employees as Twitter, yet, we focus solely on Musk's decision?!? Unnecessary meltdown much?!? The only reason people are up in arms over Musk is because they are upset over his acquisition.

[Chihuahua]

Originally Posted by floridaorange

Hopefully Facebook/meta will be next, followed by sweeping restrictions on instagram, spapchat and tiktok. Give them the adult content rating they deserve. Get them out of the hands of our kids and fine those who have targeted the youth and the unsophisticated. More education in the classroom on what theses internet apps are doing to our young peoples developing minds.

They're turning them into narcissistic sociopaths.