It's basically the last days of The Matrix Online over there. Real end of an era vibes.
@will It might be a little embarrassing if this isn't the literal end, but even in the best case scenario this is going to crater ad spend and push it further underwater.
@mrencyclopedia The only way it comes back from this is if he walks away and whoever the next schmucks who own it are start hiring people back. I don't think it has the earnings potential to warrant that.

@will Maybe Musk will lose control of it in the inevitable bankruptcy and it will live on in name only like the undead trademark of Toys R Us.

Some new service will get built from the remains and call itself Twitter, but it will live on the same way MySpace and LiveJournal lives on, technically still around but almost entirely abandoned.