Elon Musk will lay off more than 3,000 Twitter employees
Elon Musk said he had no choice but to fire about 3,700 Twitter employees worldwide because the company is losing $4 million a day.
The billionaire took to Twitter to break his silence about the shootings on Friday afternoon.
“Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day. Everyone let go was offered 3 months severance, which is 50% more than required by law,” he tweeted.
Earlier in the day, thousands of employees at the company walked off their jobs, with staff notified of the layoffs in an email on Thursday.
“Team, In an effort to put Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday,” noted the internal memo to employees.
“We recognize that this will affect a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success going forward.”
Musk has already made several changes at the company, starting with the firing of three of its top executives, including CEO Parag Agrawal.
He had previously told prospective investors that he intended to reduce the company’s staff from around 7,500 down to just over 2,000.
Bloomberg reported Thursday that he planned to cut about 3,700 jobs at Twitter — roughly half of the company’s workforce.
Good morning and welcome to The Independent’s live blog on the latest with Twitter following Elon Musk’s takeover, including the news that potentially thousands of redundancies will be announced today.
Vishwam Sankaran4 November 2022 06:31
Employees received emails that layoffs begin today
Twitter staff reportedly received an unsigned email on Thursday announcing the layoffs would come Friday morning (today).
Employees will be notified either through their official company email accounts if they still have jobs, or through their personal email accounts if their “employment is affected,” according to NBCNews.
Everyone affected by the layoffs will receive an email by 9 a.m. PST Friday, according to the internal memo.
Vishwam Sankaran4 November 2022 06:43
Twitter employees call Friday “The Snap” and post Thanos memes
In anticipation of the layoff of more than half of the company’s workforce on Friday, some Twitter employees are calling the day “The Snap,” referring to the Marvel villain’s extermination of half of all life in the universe.
Casey Newton, a former editor for The Verge, tweeted that dozens of Twitter employees are also posting possible resignations on Slack.
“We are grateful for your contributions to Twitter and your patience as we go through this process,” Twitter reported to its staff.
Vishwam Sankaran4 November 2022 07:08
Twitter sued for mass layoffs without adequate notice
Twitter has reportedly been sued over new CEO Elon Musk’s plan to cut thousands of jobs at the company.
A class-action lawsuit was filed Thursday in San Francisco federal court, Bloomberg News reported.
The lawsuit reportedly cited the federal Worker Adjustment and Retraining Notification Act, which restricts large companies from implementing massive layoffs without at least 60 days’ notice to employees.
Vishwam Sankaran4 November 2022 07:16
Employees quickly try to remove the link to their Twitter accounts and work email
Twitter staff are reportedly trying to quickly remove the link between their accounts on the platform from their work emails because the company requires the two to be connected.
Several reports indicate that employees have begun to realize that they have been terminated due to their work logins not working.
The company said in a memo earlier that it was laying off employees in “an effort to put Twitter on a healthy path.”
“It’s total chaos, the house is melting down, everybody’s looking at this email,” one employee said, according to NBCNews.
Vishwam Sankaran4 November 2022 07:40
Twitter may have lost over 1 million accounts since Musk took over
Twitter may have lost more than a million accounts since new CEO Elon Musk took over the company, a new report says.
Over 850,000 accounts were deactivated and nearly 500,000 were suspended, according to an estimate by Bot Sentinel, a company that tracks inauthentic behavior on Twitter.
“Based on our internal data, we estimate that 877,000 Twitter accounts were deactivated and another 497,000 suspended between October 27th and November 1st. That’s more than double the usual number,” tweeted Christopher Bouzy, founder of Bot Sentinel.
The estimate suggests there may have been a nearly 200 percent increase in account losses on the microblogging platform since the multi-billionaire closed the deal and bought the social media company.
Vishwam SankaranNovember 4, 2022 07:55
Former Twitter employee Kayvon Beykpour offered his solidarity with leaving Twitter employees.
Mr Beykpour, who led Periscope, Spaces and Fleets during his seven-year tenure at the social media company, was fired by current CEO Parag Agrawal while on paternity leave.
“The truth is that it was not how and when I envisioned leaving Twitter, and this was not my decision. Parag asked me to leave after letting me know he wants to take the team in a different direction,” Mr. Beykpour tweeted at the time.
Mr. Agrawal was later fired by Elon Musk.
Adam SmithNovember 4, 2022 at 09.00
Bruke Falck, who was also fired by Parag Agrawal, offered a similar message.
Adam Smith4 November 2022 09:15
Elon Musk’s memo to Twitter employees
Elon Musk’s memo to Twitter employees telling them they’ve been fired can be read below.
In an effort to put Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday. We recognize that this will affect a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success going forward.
Given the nature of our distributed workforce and our desire to inform affected individuals as quickly as possible, communication for this process will be via email. No later than At 9 a.m. PST on Friday, November 4th, everyone will receive an individual email with the subject line: Your role on Twitter. Check your email, including your spam folder.
– If your employment is not affected, you will receive a message via your Twitter email.
– If your employment is affected, you will receive a message with the next step via your personal email.
– If you do not receive an email from twitter-hr@ by 5:00 PM PST on Friday, November 4, send an email to email@example.com.
To ensure the security of each employee as well as Twitter systems and customer data, our offices will be temporarily closed and all access to the brand will be suspended. If you are in an office or on your way to an office, please return home.
We recognize that this is an incredibly challenging experience to go through, whether you are affected or not. Thank you for continuing to follow Twitter’s policies prohibiting you from discussing confidential company information on social media, with the press or elsewhere.
We appreciate your contributions to Twitter and your patience as we go through this process.
Adam SmithNovember 4, 2022 at 10.00
In Twitter’s internal Slack, some employees complained about the lack of communication.
“I truly wish you all the best — for you, for your teams, and for the many people and communities that this product serves,” one data scientist wrote in a Slack message to leadership that was seen byThe border.
“But I also hope [the] the failure of the past week hangs heavy on you to remind you to do better.”
Adam SmithNovember 4, 2022 at 10.30 am
#Elon #Musk #choice #firings