alt Hacker NewsI think Twitter is worth less mainly because Musk removed some kinds of censorship and by doing that, scared advertisers. Not because the layoffs actually caused any significant technical issues. I don't think they did, since from a technical perspective X works just fine right now.
He also removed the people selling the ads and the people working on the ad targeting platform, mind you. I think that's what differentiates from a normal "PE gutting/squeeze" and what people should be analyzing, but everyone (from "both sides" of the Musk equation) gets caught up on the uptime number for some reason.