Big changes: “Difficult times”: Musk lays off thousands of temporary workers and cancels rest days and home office regulations news
• Home office and day off for Twitter employees abolished
• Twitter might not survive the “difficult times”.
Thousands of workers laid off
Since taking over the short message service, Musk has fired a large portion of Twitter’s senior management, including CEO Parag Agrawal and CFO Ned Segal. But not only the executive floor is affected by the layoffs. As CNBC reports, a significant number of Twitter’s contract workers have been laid off. The affected employees noticed this fact when they lost access to Slack and other work systems. As Platformer’s Casey Newton explains on Twitter, around 4,400 to 5,500 contract workers will be affected by the layoffs, according to an internal source. In his view, this will “have a significant impact on content moderation and the key infrastructure services that keep the site running.” The “people inside” are stunned.
Update: company sources tell me that yesterday Twitter eliminated ~4,400 of its ~5,500 contract employees, with cuts expected to have significant impact on content moderation and the core infrastructure services that keep the site up and running.
People inside are stunned.
– Casey Newton (@CaseyNewton) November 13, 2022
According to information from CNBC, some of the contract workers affected did not work in the USA, but in India, for example. Full-time employees, who asked not to be named because they weren’t authorized to speak on Twitter’s behalf, said they didn’t receive internal notification before the contractors they worked with were fired. According to the information from these employees, Twitter has fired the entire internal communications team. Since the takeover on October 28, the company has laid off about half of all employees. Musk himself explains to that downsizing: “Regarding the downsizing at Twitter, unfortunately there is no other choice when the company is losing over $4 million a day. Every layoff has been offered 3 months’ severance pay, which is 50% more than the law requires.”
Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day.
Everyone exited was offered 3 months of severance, which is 50% more than legally required.
– Elon Musk (@elonmusk) November 4, 2022
24/7 work culture instead of home office
The downsizing isn’t the only change Musk is making at the company, however. In an email to employees at the company, Musk said everyone should prepare for “difficult times.” He also explains in the email, which was seen by Bloomberg, that new work culture regulations are effective immediately. From now on, employees are obliged to spend at least 40 hours a week in the office. Prior to Musk’s takeover, Twitter introduced a “work-from-anywhere” rule, largely driven by the pandemic. Employees were also stripped of their “day off,” which was a monthly company-wide day off that was also introduced during the pandemic period.
Musk does not think Twitter bankruptcy is out of the question
As the US news agency AP reports, according to Musk, the “difficult times” the company is facing could end with the collapse of the social media platform if it does not succeed in finding new ways of making money. “Without significant subscription revenue, there’s a good chance Twitter won’t survive the coming economic downturn. We need about half of our subscription revenue,” Musk said in his first email to the entire company. Musk also tried to reassure the company’s major advertisers during a live call on Nov. 9. A number of well-known brands have previously paused their advertising on Twitter. Initially, however, the company’s top priority was to develop and launch the new $7.99-per-month Twitter subscription service. It is now a top priority to stop bots, trolls and spam exploiting the verified accounts.
E. Schmal/Redaktion Forex-news.com.net
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