People were very skeptical that the site could even be maintained with that drastic a headcount reduction. Seems to me like the outcome was:

- site stays up and has sufficient ability to recover from outages

- can still deploy features in the frontend

- can't deploy features in the backend (look closely; mind you, Old Twitter absolutely sucked at product innovation too)

- moderation deliberately cut down

- due to some combination of increased unpleasantness, boycotts, and the personal brand toxicity of Elon, the advertising revenue is down

- site was levered into an unofficial US cabinet position (!), we have yet to see how lucrative that is. Maybe it includes a free jet.