Elon Musk to go ahead with purchase of Twitter
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Elon Musk will proceed with plans to fire a significant portion of Twitter’s workforce and change its working landscape today. The first official communication from Twitter to its employees said the company would “go through the difficult process of reducing our workforce” on Friday. Executives dubbed the action “unfortunately necessary” to “ensure the company’s success” just one week after Mr Musk acquired the platform for $44billion.
The email sent to staff informed them they would understand whether their jobs are safe by 9am PST (4pm GMT) today.
In a bid to “inform impacted individuals as quickly as possible” the company will send emails either to workers’ personal or work accounts.
Those who receive an email to their personal accounts will lose their jobs, while the remainder continue with the company.
The internal note states: “By 9am PST on Friday, November 4, everyone will receive an individual email with the subject line: Your Role at Twitter.”
While employees wait for the vital news, Twitter has closed its offices and suspended badge access.
The email adds: “To help ensure the safety of each employee as well as Twitter systems and customer data, our offices will be temporarily closed and all badge access will be suspended.
“If you are in an office or on your way to an office, please return home.”
The email signs off with a brief acknowledgement of the “incredibly challenging experience” before reminding employees not to speak to the press.
Twitter thanked employees for “continuing to adhere to Twitter policies that prohibit you from discussing confidential company information on social media, with the press or elsewhere”.
But that hasn’t stopped some workers from speaking out, with one internal source speaking to the Washington Post.
They told the publication the incoming layoffs would have a broad impact across marketing, engineering, legal, safety, product and trust.
And a report from Bloomberg claimed Mr Musk would eliminate “about 3,700 jobs” at Twitter.
The number would represent more than half of the company’s roughly 7,000-strong workforce.
Mr Musk had reportedly asked Twitter teams to free $1 billion of annual infrastructure savings on Thursday as he continues to seek a profit from the platform.
The latest round of firings is not the first the Tesla and SpaceX CEO has greenlit since taking over the company last week.
Almost immediately after confirming the transaction, he fired a selection of high-profile individuals within Twitter’s leadership ranks.
They included then-CEO Parag Agrawal, policy and legal affairs chief Vijaya Gadde, and finance chief Ned Segal.
Those who remain in post may face a change to their working landscape, as Mr Musk is reportedly considering changing the company’s homeworking policy.
The Bloomberg report added that he “intends to reverse the company’s existing work-from-anywhere policy”.
The policy, which Twitter established at the height of the Covid pandemic, would cease to apply unless employees required exemptions.
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