The scenario does not seem to be the most successful for Twitter employees.
At least for half of them that this Friday, according to Bloomberg, Elon Musk will inform them about the dismissal.
According to US media reports, the layoffs will be effectively communicated this Friday, November 4, along with other employment-related social media announcements that the big Tesla owner has been preparing since his October 28 landing.
According to Bloomberg, Musk plans to cut 3,700 jobs, which represents almost 50% of the workforce of just over 7,500 workers. Goal, reduce costs.
In parallel, it was reported that Musk has an idea about change the current telecommuting policy, which will force workers to go to offices as before the pandemic.
Exceptions can be made in some cases. But home office it will not be the norm.
Last week on Twitter, Elon Musk denied the report by The New York Times which said it plans to lay off a large number of employees before Nov. 1 to avoid a stock-related payment due on that date.
We reported on Merca2.0 this week that Musk plans to lay off a quarter of the workforce in the first round of layoffs.
On the other hand, it is speculated that next week Musk will make a decision on the start of billing for account verification.
Changes on Elon Musk’s new Twitter
Musk, who is also the CEO of rocket maker SpaceX, finalized the $44 billion purchase of Twitter last month, as agreed in April, although he later backed out. Pressure from Twitter and Justice convinced him.
The billionaire immediately fired the network’s top executives, including the CEO, CFO and head of the legal department, and dissolved the board of directors.
On the other hand, hours after taking ownership of Twitter and taking the company private, Musk decided to shift 50 software engineers working on Autopilot and Tesla to review the social network’s code.
According to CNBC, Twitter employees say managers are requiring them to work 12-hour shifts, seven days a week, to meet Musk’s aggressive new plan.
In addition to about 50 Tesla employees, Musk also brought two engineers from the Boring Company (a company that builds underground tunnels) and one from Neuralink (which works on artificial brain development) to Twitter.
Also two cousins who worked on Palantir and Neuralink, James and Andrew Musk.
As of Monday, Oct. 31, Twitter employees said they had not yet received concrete plans from Musk and his team about layoffs or downsizing within their groups, budgets and long-term strategies.
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