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Elon Musk and the Pareto Principle
Posted on 11/29/22 at 1:25 pm
Posted on 11/29/22 at 1:25 pm
Never heard the term until an offhand comment by Jordan Peterson so I looked it up. It's an 80:20 ratio in business which didn't explain the Peterson comment about Musk which was:
Interviewer: What do you think about Elon Musk?
Peterson: I talked to a long time friend of his who said that he is a strong believer in the Pareto Principle meaning that 20% of the workers are doing 80% of the work.
They went on to free speech issues but I'm wondering if this comment means Elon believes he can run Twitter with a massive cut in jobs. Thoughts?
Interviewer: What do you think about Elon Musk?
Peterson: I talked to a long time friend of his who said that he is a strong believer in the Pareto Principle meaning that 20% of the workers are doing 80% of the work.
They went on to free speech issues but I'm wondering if this comment means Elon believes he can run Twitter with a massive cut in jobs. Thoughts?
13
Posted on 11/29/22 at 1:28 pm to Zach
…uh I think Elon’s already made the “job cuts” stance pretty clear
Posted on 11/29/22 at 1:29 pm to Zach
It means Twitter didn’t need the excess employment numbers it had in order to run efficiently as a business.
Otoh if you’re running a government funded psy op whose subject is the American populous and limiting the free exchange of ideas... then you might need a larger workforce.
Otoh if you’re running a government funded psy op whose subject is the American populous and limiting the free exchange of ideas... then you might need a larger workforce.
Posted on 11/29/22 at 1:31 pm to Zach
quote:
Elon believes he can run Twitter with a massive cut in jobs. Thoughts?
He fired all the positions that were influential but didn't actually affect day to day operations directly. He then axed a bunch of people who were collecting a check without really contributing. Then he cut the activists were stupid enough to publicly go after him. They were obviously going to sabotage him. Guess what? Twitter is up and running still.
Posted on 11/29/22 at 1:31 pm to squid_hunt
Think about how many people they were employing just to scroll conservatives and ban them.
Posted on 11/29/22 at 1:34 pm to Zach
Twitter wasn't turning a profit because it was being used as a surveillance tool for the US GOVT. Now Elon will run it like a normal business where it's purpose is to make money instead of spying on citizens. This will be the status quo until the feds decides they've had enough of this free speech shite and go after Elon like they do Trump.
This post was edited on 11/29/22 at 2:06 pm
Posted on 11/29/22 at 1:37 pm to Zach
Well, I never heard it by that name but 80/20 is an old corporate axiom.
Posted on 11/29/22 at 1:40 pm to theunknownknight
quote:
uh I think Elon’s already made the “job cuts” stance pretty clear
Yeah, but I thought it was firing lots of people. It's actually eliminating their positions with no replacements.
Posted on 11/29/22 at 1:43 pm to Zach
So 25 can do 100%, he will fire around 75%, hasn't he been saying something like that?
Posted on 11/29/22 at 1:44 pm to Zach
Posted on 11/29/22 at 1:44 pm to Zach
80-20 rule applies in lots of places. Church being a good example.
Posted on 11/29/22 at 1:44 pm to Zach
80-20 rule applies in lots of places. Church being a good example.
Posted on 11/29/22 at 1:45 pm to Zach
Pareto is this weird, scary thing. That 20/80 ratio keeps showing up in everything from business to dating apps. It’s probably a more broad sociology/human nature thing than a simple business principle.
Posted on 11/29/22 at 1:46 pm to SalE
quote:
Well, I never heard it by that name but 80/20 is an old corporate axiom.
Yep. My father in law owns a business and mentioned this to me a few times in conversation.
Posted on 11/29/22 at 1:52 pm to Eli Goldfinger
I wonder what the abortion count is in that photo?
Posted on 11/29/22 at 1:54 pm to Trauma14
80/20 applies here too. Probably 80% know jack shite about anything substantively, knowing only what they can Google, while maybe 20% have intricate knowledge of one or several of any particular subjects.
Posted on 11/29/22 at 2:02 pm to Zach
I didn’t know it was called the Pareto Principle since in sales we call it the 80/20 rule. 80% of your business will come from 20% of your customers
Posted on 11/29/22 at 2:05 pm to HubbaBubba
quote:
80/20 applies here too. Probably 80% know jack shite about anything substantively, knowing only what they can Google, while maybe 20% have intricate knowledge of one or several of any particular subjects.
Yeah, my wife says if you have 4 medical techs in the lab, 2 of them are completing 70% of the tests while the other 2 are completing 30% because they work slowly and take a lot of breaks. Management doesn't care as long as all tests get done on time. They all get paid the same for unequal work.
But that means Elon has to have a plan to identify fast, efficient workers.
Posted on 11/29/22 at 2:05 pm to Zach
Yes
Posted on 11/29/22 at 3:10 pm to Zach
quote:
They went on to free speech issues but I'm wondering if this comment means Elon believes he can run Twitter with a massive cut in jobs. Thoughts?
I think you are missing the bigger point about the cuts.
Twitter was full of a workforce that believed it’s own collective social beliefs was the driver of the product…whether endorsed by management (before Elon) or not (after Elon).
The cuts are much more than just efficiency. It wrestled the power back from what naturally was a bureaucracy of a massive corporate structure.
It truly is a less is more scenario.
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