Synopsis: Twitter employees are now reportedly working longer hours than before since Elon Musk took over the social media platform.
Elon Musk new rule for Twitter employees:
Elon Musk recently purchased Twitter and made some significant platform changes. However, it appears that this is costing a lot to employees. According to sources, some Twitter engineers have been asked to work 12 hours a day, seven days a week. Twitter managers have informed employees that they will be required to work extra hours in order to meet Elon Musk’s tight deadline for changes.
According to internal communications, Twitter managers have been told to work 12-hour shifts seven days a week.
The employees who worked at Twitter before Musk took over have also been asked to justify their work and the work of their teams, as well as to explain their value to the company, according to the report.
Many Twitter employees are now concerned that they will be fired without notice or severance pay.
Twitter executives felt they were being evaluated
Meanwhile, the New York Times reported that some Twitter executives felt they were being evaluated for their positions. On Friday and Saturday nights, some even slept at the office.
Musk completed the USD 44 billion purchase of Twitter last week and fired CEO Parag Agrawal, legal executive Vijaya Gadde, Chief Financial Officer Ned Segal, and General Counsel Sean Edgett.
Twitter to lay off 25% of the workforce in first round of job cuts
The New York Times previously reported that Musk had ordered massive layoffs across Twitter’s workforce. Musk, on the other hand, denied reports that he intends to lay off Twitter employees before the start of next month in order to avoid having to make payouts.
According to people familiar with the situation, the New York Times reported that some managers were being asked to “draw up lists of employees to cut.” The layoffs, according to the newspaper, would take place before November 1, when employees were scheduled to receive stock grants as part of their pay packages. However, in response to a Twitter user who inquired about the report, he stated, “This is false.”
The Washington Post previously reported that Twitter layoffs would affect roughly a quarter of the workforce, primarily in sales, product, engineering, legal, and trust and safety.
Meanwhile, it is reported that Musk has brought more than 50 Tesla employees to Twitter to assist with the transition.
Elon Musk fires Twitter board, becomes the sole director.
Elon Musk is the new CEO of Twitter, and the microblogging platform is bracing for more layoffs under his leadership. Although Musk previously stated that he has “no idea” who the CEO of Twitter is, the most recent US Securities and Exchange Commission (SEC) filing shows that Musk is now the sole “reporting Person” at Twitter. The “Reporting Person” is the post-merger Company’s Chief Executive Officer. Musk, who has dissolved the Twitter board of directors, tweeted, “My title is Chief Twit, as stated in my bio. I have no idea who the CEO is “.
Indian-origin techie Sriram Krishnan is among those helping Elon Musk to revamp Twitter.
Krishnan is a general partner at the venture capital firm Andreessen Horowitz in Silicon Valley (a16z).”Now that the word is out, I’m temporarily assisting @elonmusk with Twitter, along with some other fantastic people.” “I (and a16z) believe this is a hugely important company with the potential to have a huge impact on the world, and Elon is the person to make it happen,” Krishnan tweeted.
Around 2,000 Twitter employees likely to lose jobs in first round of layoff
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