I heard one rumour that when Elon Musk did what he did to Twitter, it looked horrendous to many. But there may be enough bosses out there that wonder seriously whether that is the fastest way to solving their problem. Tom Lee mention on The Compound podcast that a large company track what their employees do through all the keyboard clicks and mouse movements and realizes 80% of their employees are not necessary. If you fire these employees and the majority of your cost is staff cost (for tech firms), you can sustain your margins. This is the bull case of how EPS can look better. But it leaves a bad taste to fire employees around Thanksgiving and Christmas, but now that is after those festive periods, perhaps the firing can start. Layoffs.fyi tracks the state of the tech layoffs: Byrne over at The Diff has a good write-up...