Reddit's CEO stated that what Elon did to Twitter was a model he'd like Reddit to follow.
Although Reddit's changes are fresh, it has declined both in quality and esteem from copying this business style. I expect further decline if they follow this road.
As for the companies that aren't following Elon's lead: they are flourishing. We have enough data points now to say it authoritatively.
Slash and burn is not effective, smart or conducive to the desired results.
In Musk’s defense, I think there is something to the idea that most tech companies were a little too bloated. Especially with the hiring during the pandemic based on unrealistic valuations and future expectations.
But this is another area where Zuck beat Musk because Meta addressed this issue in a much more sensible way which involved considered changes in workforce as opposed to Musk’s impetuous unthought through slash and burn style.
I think they were bloated a bit, but that was mostly staffing for red herring projects and extra management layers.
The bloat was a mismanagement problem "solved" by cutting everything but management. That plus a bit of over-hiring from covid and cheap money. But that's also a management issue.
Although Reddit's changes are fresh, it has declined both in quality and esteem from copying this business style. I expect further decline if they follow this road.
As for the companies that aren't following Elon's lead: they are flourishing. We have enough data points now to say it authoritatively.
Slash and burn is not effective, smart or conducive to the desired results.