Elon Musk marked his complete takeover of Twitter by sacking about 3,700 employees. However, in a quick turn of events, a vast majority of employees are quitting the company as Elon Musk insists that employees pledge to long hours or leave with three months’ severance pay. Mr. Musk responded to this claim by tweeting that “the best people are staying” and he isn’t “super worried”.
Official statements released by Twitter stated that the social media company would be closing its offices until Monday, November 21, without an official reason.
What they are saying
Former employees of Twitter have said that about 74 – 90 percent of the workforce opted for the compensation instead of working “extremely hardcore”.
- BBC reported a former worker stating that they expect about 2,000 people to continue at the company; which is just about a fourth of the initial workforce of 7,500 which Elon Musk met at the company.
The big picture
The chaotic scenes at Twitter and continuous disruption have caused many to predict a destabilization of the company’s operations and hence a partial shutdown of the company in the next few days. All this is coming as Elon Musk’s plans to raise Twitter’s revenue through the $8 subscription plan for blue tick and by cutting the number of staff.