Eyes Openers
  • World News
  • Business
  • Stocks
  • Politics
  • World News
  • Business
  • Stocks
  • Politics

Eyes Openers

Business

Twitter shuts offices as hundreds of staff quit after Musk ultimatum

by November 18, 2022
November 18, 2022
Twitter shuts offices as hundreds of staff quit after Musk ultimatum

Hundreds of Twitter employees were said to have left the business rather than sign up to Elon Musk’s new “hardcore” working culture last night.

Reports of an exodus raised fears that the social network would suffer outages. Users said goodbye in large numbers, leading #RIPTwitter to trend on the platform. “The best people are staying, so I’m not super worried,” tweeted Musk, who completed his $44 billion takeover of Twitter last month. He thanked a user who offered to help to keep the website online.

Having already halved the group’s workforce of about 7,500 staff, Musk issued an ultimatum this week to those who remained: formally signal that they were willing to meet demands for “exceptional performance” by 10pm UK time last night, or leave. Many picked the latter.

Business briefing: In-depth analysis and comment on the latest financial and economic news from our award-winning Business teams. One-click sign-up
Late last night Twitter informed staff that it was temporarily shutting all buildings until Monday. It previously did so during the initial round of lay-offs.

In an email on Wednesday entitled A Fork in the Road, Musk had warned that employees who stayed at the company would be required to meet his conditions. Departing staff were offered three months of severance pay.

“Going forward, to build a breakthrough Twitter 2.0 and succeed in an increasingly competitive world, we will need to be extremely hardcore,” he wrote. “This will mean working long hours at high intensity. Only exceptional performance will constitute a passing grade.”

As yesterday’s deadline approached, the world’s richest man appeared to soften his tone, saying that those with managers willing to ensure that they are “making an excellent contribution” would be able to work from home.

Musk, 51, has sought to move fast to reduce spending at Twitter, overhaul its platform and reassure advertisers but his early initiatives, such as enabling users to pay for “blue tick” status, signalling that their account is verified, have struggled.

He has also faced criticism over his conduct since completing the takeover: he did not address Twitter’s workforce before starting lay-offs and some employees who publicly disagreed with or criticised Musk have been dismissed.

Read more:
Twitter shuts offices as hundreds of staff quit after Musk ultimatum

previous post
APEC summit marred by suspected North Korea ICBM test, protest
next post
Parcel firms still responsible for dodgy deliveries according to Citizens Advice league table scores

Related Posts

Amazon cuts 18,000 jobs to lower costs

January 5, 2023

Doncaster Sheffield Airport is closing with the loss...

September 26, 2022

The Workflow Automation Hack THEY Don’t Want You...

March 14, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular Posts

    • 1

      Head of Republican Party mocks speaking abilities of Fetterman, Biden

      October 28, 2022
    • 2

      Biden’s unwarranted bragging about reducing the budget deficit

      September 26, 2022
    • 3

      Russian TV is very excited about Такер Карлсон’s Nord Stream theory

      September 30, 2022
    • 4

      Strong Sector Rotation To Financials, but will it be enough to turn the market back up?

      October 14, 2022
    • 5

      Mish’s Daily: Mid-September Column Highlights

      September 29, 2022

    Categories

    • Business (1,469)
    • Politics (1,694)
    • Stocks (618)
    • World News (1,116)
    • About Us
    • Contacts
    • Terms & Conditions
    • Privacy Policy
    • Email Whitelisting

    Disclaimer: EyesOpeners.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023 EyesOpeners.com | All Rights Reserved