In light of numerous reports that the new owner of Twitter, Elon Musk, will fire half of the company’s employees, Twitter’s beleaguered employees are preparing for bad news.The demoralized workforce at Twitter would be dealt a fresh blow by this.
Twitter has already been rocked after Musk disbanded the company’s board of directors, fired senior executives, and removed executives from the platform.
Elon Musk may have half-cut the 7,500 employees, according to two media reports.
If the reports are accurate, Musk reportedly informed investors shortly before the deal closed that he planned to lay off 75% of Twitter’s 7,500 employees, bringing the workforce down to just over 2,000.
On the other hand, when Musk visited Twitter’s headquarters on Wednesday of last week, he informed workers that when he takes over, he will not be firing 75% of them.
That statement did little to reassure demoralized workers at the company, despite the fact that they are aware that job cuts are coming.
The Washington Post reported on Monday of this week that Musk intends to lay off roughly one fourth of Twitter’s employees in a first round of layoffs, bringing the total number of affected employees to almost 2,000.
People who are familiar with the situation claim that following his $44 billion acquisition of Twitter, Musk intends to reduce expenses by eliminating between 3,700 and 3,800 positions at the social media company, or half of its workforce.
In order to discuss private plans, the individuals requested anonymity and stated that Musk intends to notify employees on Friday.
Additionally, Musk wants to end the company’s May 2020 work-from-anywhere policy.
According to the public, he will, with a few exceptions, require the remaining employees to report to offices.
This choice was not made ill-advisedly.
In June of this year, for instance, Musk instructed Tesla employees to resign or return to office work.
Twitter employees who lose their jobs may receive severance pay for up to 60 days, according to reports.
Advertisers are worried after just one week under Elon Musk’s control, and Twitter is changing quickly.
Twitter Blue will now cost $8 per month, despite opposition, and the editing feature may be accessible to all users as soon as this week.
Additionally, there are rumors claiming that Musk is still putting pressure on employees at Twitter to redesign the subscription and verification systems within a week.
In order to meet Musk’s strict deadlines or risk losing their jobs, managers at Twitter were said to have instructed employees to work 12-hour shifts seven days a week, according to a report published on Tuesday.
According to reports, Musk has established a “content moderation council” in response to advertising concerns regarding his “free speech” approach to such decisions.
Clients of Interpublic Group’s IPG Media Brands agencies have been told to stop all paid Twitter advertising for at least a week, according to reports.IG is a significant advertiser.Consequently, major brands are said to have been urged not to spend money on Twitter advertising.
Half of Twitter’s workers are said to be being let go by Musk.
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