In the ever-evolving world of tech and social media, it seems like the latest trend is all about trimming the fat. Recently, two giants in the digital realm, Twitter and OpenSea, have made headlines by taking a leaf out of the same cost-cutting playbook. But what’s their secret to staying afloat in these turbulent times? Well, it’s simple: cut your implyees by half and call it “DON.”
OpenSea’s Nimble Journey to Success
OpenSea, the popular NFT marketplace, has decided to embark on a journey towards a “nimble” and “better” version of itself. In a move that left many scratching their heads, the company announced a significant organizational overhaul, marking its second round of layoffs. A spokesperson mentioned their commitment to match the speed of the ever-evolving space, and in pursuit of this goal, they are bidding adieu to a significant portion of their workforce.
What’s noteworthy is the generous severance package they’re offering the affected employees, including four months’ worth of pay, healthcare, and mental health services for six months. It’s almost as if they’re saying, “We’re sorry we had to let you go, but here’s a parting gift!” Not to mention, the community can rest assured that they will continue supporting their existing products while secretly working on OpenSea 2.0. After all, who doesn’t love a little mystery and suspense in the corporate world?
The catch? Well, they haven’t revealed what OpenSea 2.0 will bring or when it will happen. But hey, that’s just a minor detail, right? In the world of DON (or Downsizing and Organizational Nimbleness), clarity can be overrated.
Twitter’s Flight into the Unknown
But OpenSea is not alone in this bold venture. Twitter, the bird-themed social media giant, recently took a similar path under the watchful eye of none other than Elon Musk himself. In the spirit of downsizing, they laid off around 10 percent of their workforce, which, for a company with about 7,500 employees, amounts to a hefty sum.
The layoffs followed a week of turmoil as Twitter employees found themselves unable to communicate with one another. Internal messaging services and email accounts mysteriously went dark. The first hint that layoffs were afoot came when employees discovered they were logged out of their corporate email accounts and laptops, leaving them in a state of confusion and distress. But hey, nothing says “you’re fired” like an unexpected log-out, right?
In the end, the cuts impacted a range of roles, from product managers to data scientists and engineers. Even the team responsible for keeping Twitter’s features online, known as “site reliability,” wasn’t spared. They also slashed the monetization infrastructure team, which helps Twitter rake in the big bucks, from 30 members to less than eight.
It’s almost as if Twitter thought, “If we make it impossible for employees to communicate and then lay off a bunch of them, maybe we can call it a strategic move.” After all, a smaller team means faster decision-making, right?
So there you have it, the secret to success in the tech world in 2023: cut your implyees by half and rebrand it as “DON” (Downsizing and Organizational Nimbleness). It’s the new trend in corporate strategy, and who knows, it might just be the dip before the major pump. Keep an eye on your favorite companies, and you might witness the magic of DON in action!
