Nearly half of all layoffs so far in 2025 have been driven by cuts related to the Department of Government Efficiency's (DOGE) efforts ...
DOGE Accounts For Nearly Half Of All 2025 Layoffs, Report Finds https://t.co/vVNIK9alqr pic.twitter.com/xvjFg5si2S
" Forbes (@Forbes) May 2, 2025
"Actually Musk cut about 80%o Twitter staff [now 'X'] and the site is functioning well."
Twitter, as privately held company, is a Black Box. You can't claim it's functioning well. You don't even know how it functions.
www.businessinsider.com
Too many private companies, like govt over time end up with a bloated bureaucracy and if you follow business news you see when a company is 'on the ropes' fiscally, the structure down, eliminating positions and letting employees go to get lean and mean to be able to compete.
#15 | Posted by MSgt
Setting aside that Twitter was a publicly traded company --
It's not a private company's own bloated bureaucracy that is creating headwinds.
It's Trump's Central Planning.
Altogether, Trump's tariffs will raise $2.1 trillion in revenue over the next decade on a conventional basis ($1.5 trillion on a dynamic basis) and reduce US GDP by 0.8 percent, all before foreign retaliation. Including foreign retaliation announced as of April 10, the tariffs reduce US GDP by 1.0 percent.
The tariffs will reduce after-tax income by an average of 1.2 percent and amount to an average tax increase of more than $1,200 per US household in 2025. Our estimates of reductions in after-tax income may understate other harms consumers will experience, including loss of choice and higher prices for substitute goods.
taxfoundation.org
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