It's not that bad yet, but please let me put that aside.
I get what you're saying about the hiring situation in the future, in general, in the tech industry. I would like to posit that the type of engineers we're talking about at twitter right now would be some of the top 5-10% of software engineers working on distributed web engineering, in general, in the world. Is that fair? They might not be in FAANG or whatever series of letters you want to use this month, we prob drop Facebook and elevate Microsoft, whatever, but I've worked with some open source twitter code and I've interviewed twitter engineers, they seem very very solid to me.
If that is true, I also posit there are a lot of second tier companies that would be falling over themselves to replace some of their B tier employees, and replace their existing under performing engineers with these twitter engineers. If the market is what you say, they should be able to get top tier talent on some kind of discount, yes? There are still funded startups as well, and adding a single experienced twitter engineer could elevate the whole team in a startup.
So, I see the choice as: stay at twitter... what does that mean. You're working for this dude who just axed all your colleagues for basically no reason, and it's a coin flip when he looks at you and your work if he decides to fire you. Even if you stayed through these two rounds. You're making way less money, as you don't have RSUs in a publicly traded company, you've got some kind of nebulous options in a fiscally fragile company that the CEO is claiming openly could be headed for chapter 11 + the fact that he's just driven away almost all the ad revenue. You look at subscriptions, 22,000 people signed up for Elon's blue check scheme, so you'd need a dozen million people signing up for that to shore up the gap he's created with the debt. You are now one of 3 people on a team that was 75, and lots of other teams are like that. How are you going to create features that will entice more people to subscribe, when you barely have the people to keep the lights on. So, you've looked at all that and decided to stay? Either you're on a visa, or there is something that isn't financial keeping you there (because... you're making way less money) and I would darn sure like to know what that thing is. If you're risk averse, you see this crap storm coming and bailed to find a new job already.
Add to that that all these people have had their options paid out just recently as part of the sale. They have cash. They are staying for another reason.
I get what you're saying about the hiring situation in the future, in general, in the tech industry. I would like to posit that the type of engineers we're talking about at twitter right now would be some of the top 5-10% of software engineers working on distributed web engineering, in general, in the world. Is that fair? They might not be in FAANG or whatever series of letters you want to use this month, we prob drop Facebook and elevate Microsoft, whatever, but I've worked with some open source twitter code and I've interviewed twitter engineers, they seem very very solid to me.
If that is true, I also posit there are a lot of second tier companies that would be falling over themselves to replace some of their B tier employees, and replace their existing under performing engineers with these twitter engineers. If the market is what you say, they should be able to get top tier talent on some kind of discount, yes? There are still funded startups as well, and adding a single experienced twitter engineer could elevate the whole team in a startup.
So, I see the choice as: stay at twitter... what does that mean. You're working for this dude who just axed all your colleagues for basically no reason, and it's a coin flip when he looks at you and your work if he decides to fire you. Even if you stayed through these two rounds. You're making way less money, as you don't have RSUs in a publicly traded company, you've got some kind of nebulous options in a fiscally fragile company that the CEO is claiming openly could be headed for chapter 11 + the fact that he's just driven away almost all the ad revenue. You look at subscriptions, 22,000 people signed up for Elon's blue check scheme, so you'd need a dozen million people signing up for that to shore up the gap he's created with the debt. You are now one of 3 people on a team that was 75, and lots of other teams are like that. How are you going to create features that will entice more people to subscribe, when you barely have the people to keep the lights on. So, you've looked at all that and decided to stay? Either you're on a visa, or there is something that isn't financial keeping you there (because... you're making way less money) and I would darn sure like to know what that thing is. If you're risk averse, you see this crap storm coming and bailed to find a new job already.
Add to that that all these people have had their options paid out just recently as part of the sale. They have cash. They are staying for another reason.