Yesterday, Elon Musk sent a letter overnight to his employees that he expected them to work long hours at high intensity. According to the letter, they would get three months’ severance if they didn’t agree by 5 pm.
Kylie Robison, a tech reporter for Fortune Magazine, reported on Twitter, “What I’m hearing from Twitter employees; It looks like roughly 75% of the remaining 3,700ish Twitter employees have not opted to stay after the “hardcore” email…”
“As we’re all very aware, folks on visas are stuck, so that’s who makes up most of the roughly 25% (or less than 1,000….) expected to stay. The actual impact is not yet known — there have been no internal comms about what comes next. We’re nearly 2 hours post deadline.”
She tweeted again, indicating that their badges were finally disabled.
“Employee’s badge access has been disabled until Monday. It seems there will be … not much left of the company by then.”
“Lets put this into perspective — at the beginning of this month, Twitter had 7,400 employees. Barely half way through the month, if 75% do actually stick to their decision today, the company will have shrunk by a whopping ~88%.”
Robison said that by 4 pm, “10% of the 3,700ish remaining employees deemed critical were called to a meeting an hour before the 5 PM deadline today. The invite was sent around midnight but got canceled by noon.”
She doesn’t actually know how many. We’ll find out soon.
#RIPTwitter and #GoodbyeTwitter are now trending on Twitter.
At the same time, the DOJ is investigating Tesla over claims the cars are self-driving.
As of November 23rd, everything is up and running just fine.
Good riddance to bad rubbish. The 80/20 rule lives (20% of employees are doing 80% of the work), so getting rid of 75% is zero loss… in fact kept an additional 5%… hopefully those who are willing to work and learn.
Consider that GETTR has less than 50 employees and 3 million Users and is growing. Twitter is said to have 400 million users. I think when it’s all unraveled, we will find that Twitter had less than 50 million users and hundreds of million BOTs. I suspect the Old Twitter was a scam just overcharging advertisers for vapor users. Without the BOTs you don’t need a very big staff.
Silicon Valley has been a Giant Bubble for 30 years and we are now about to see that bubble pop and the California Economy Collapse!
By offering 90 days severance, he just met the requirements of a mass layoff. Nobody will have any lawsuit worth a penny when it’s all said and done.
Quack reporter Robison say it “looks like” 75% of them have opted to leave, and calls her hearsay a “decision”. She’s a SF raised local junior reporter, we can guess her politics favor the old twitter and denial of free speech. She’s a cheerleader against Musk.
In that area a studio apartment costs $3500 a month. A small 2 bedroom condo an hour away costs $600,000. I know people who went there. Those quitting cannot pay their bills. The junior SF reporter ignores those conditions and the job market downturn. She’s brilliant.
Tech workers often work long hours, as anyone in that industry knows, but the illustrious reporter misses that too.
The children will learn soon enough. Oh we’ll just all go live at seymour’s place and pitch in to pay his one rent…only to find out that he’s being deported for not having a job anymore either, and NOBODY wants any of them because the job market there is over saturated because of all the other tech companies laying off thousands of wokers too!
This is a perfect storm of entertainment developing right here folks. Grab some pop corn and a beer, because this show promises some epic tantruming !
The 75% of lazy slugs were deliberately exposed and positioned to quit, making room for replacements who are talented and have no problem working. See ya buh-byeeee new welfare kings and queens.
thats the way smart businessmen do it Let them quit, then you owe them NOTHING, but when you fire / lay them off then you have to pay unemployment etc etc. This is s smart choice and will rid the cancer that infects the place.