Update: Twitter was sued over Elon Musk’s plan to lay off about half of its workforce, Bloomberg News reported on Friday, citing a class-action lawsuit filed in a San Francisco federal court.
Twitter employees say the company is eliminating workers without enough notice in violation of federal and California law, the report said.
ORIGINAL STORY
Elon Musk is overhauling Twitter with help from Tesla staff, one week after he took over the social media platform. You can tell he’s been giving this a lot of thought.
The company notified staff in an email of the upcoming cuts but didn’t spell out the extent of the cuts. According to the email, Twitter had more than 7,500 employees starting this year.
Rumors are that 50% of the staff could be let go.
REMOTES GOT TO GO
He’s ending remote work for anyone who’s left. About 1500 employees work remotely. When Musk first looked into buying Twitter, employees said they wouldn’t come in and he said he’d fire them.
In June, Musk held a virtual town hall with Twitter staff where he reportedly said he would let “exceptional” employees work at home if he completed his then-pending acquisition of the social network. “If someone can only work remotely, and they’re exceptional, it wouldn’t make sense to fire them,” he said.
Bloomberg said he’s planning to cut 3700, about 50%, beginning Friday morning to cut costs.
According to Bloomberg, Musk and a team of advisers are still reportedly in the midst of finalizing the terms for the layoffs, but one option they’re considering is offering the people they let go 60 days’ of severance pay.
According to Yahoo News, Musk also scrapped the “days of rest” from the Twitter calendar.
TOP HEAVY ADMINISTRATION IS WHITTLED DOWN
Musk fired top executives, including Parag Agriwal, who is opposed to free speech, Ned Segal, and Vijay Gadde. Other executives and VPs were fired over the weekend. Remaining executives were told to draw up lists of people who can be let go. Those 50% layoff lists were reportedly ranked based on each individual’s contribution to Twitter’s code, and Musk asked help from Tesla’s directors and engineers to assess them.
Musk made clear that he wants coders, not a top heavy administration.
The Chief Twit is also implementing huge changes to make money, such as raising the price of Twitter Blue to $8 a month from $3. Bloomberg says the new pricing could go live as soon as Monday next week. The subscription will also be a requirement for blue verification badges going forward, though users who are already verified will be given months to start paying before they lose their check mark.
A lot of people who make money having the blue check are too cheap to pay the $8, such as Stephen King and that David Hogg boy who pretends he’s a Parkland shooting survivor.
It’s great news which I anxiously await. My former employer, a leftist tech company, is unable to lure people back to office, though management claims it is key to productivity. They are big on that ESG stuff so they caused their own problems.
Seems pretty simple, you don’t want to come into work, then your fired. You don’t want to follow the new Company policies, your fired. Your just dead weight on the Payroll, Your Fired. This all seems pretty normal to me, If California Law gets in the Way make it simple, move Twitter to Texas and all the employees who don’t want to go, don’t have a job.
All things aside, seems to be Musk actually wants to start his own WEF.
I see he has had a visit with the loons…and he has agreed to their demands that censorship will continue….so make of that what you will.
Trump said he was a “bullshitter” and noted how Musk had told him he voted for trump in 2016…and then later told the media he had never voted Republican..so we will see, don’t get all excited about free speech re Elon Musk though.
Guys…if the loons cheat their way to power again…you are going to have to change tactics….why should they have any kind of advantage? Play the game at hand, not the game you would play with a decent person, cause they are not decent people and you will lose most likely .
Maybe it will be a real business