Twitter situation getting critical as musk plan dropping 75% workforce

Twitter situation getting critical as musk plan dropping 75% workforce

As concern over Musk’s silence grew, Tesla experts were on-site Friday to assess the code written by the Twitter crew.
Elon Musk is moving through with his intentions to fire a significant portion of the Twitter workforce, a move that may lead to significant changes in how the site’s more than 200 million daily users interact with it.
Three persons with knowledge of the negotiations who spoke on the condition of anonymity to discuss private issues said that a wide range of layoffs was anticipated. The group that establishes policy and manages content moderation, legal, trust, and safety, is probably going to be one of the first targets, one of the sources said. According to a fourth source who also stated under oath, managers in information security and privacy were also involved in creating lists of employees to fire on Saturday.

Before employees are scheduled to get stock awards on Tuesday, Nov. 1, according to two of the respondents, layoffs are likely to take place, preventing them from receiving the compensation they had anticipated.

Of the 7,500 employees, Musk intended to reduce them by over 75%. This week, the cutbacks would be closer to 50%, according to one of the people involved with the conversations.

The social network business, which has long been viewed as underperforming in Silicon Valley, is anticipated to undergo significant adjustments under Musk’s new ownership. Over the way the firm handled online speech policing, Musk parted ways with the previous management. He is anticipated to lessen its content control efforts, although he said in a tweet on Friday that no changes had been made to those policies. Along with quelling rumors that former president Donald Trump and other banned users will soon be let back on the site, he said that he would not reinstate any banned accounts until he met with a new council on content control.

Since employees have been waiting for weeks to find out if they would still have a position at Twitter following Musk’s acquisition, personnel reductions and adjustments are now where internal anxiety inside the firm is most noticeable.

Musk has a reputation as a tough boss who replaces underperformers quickly and even engages in “rage firings.” But he’s also admired for having a special knack for luring top people to businesses working on initiatives that might have a major impact on the globe, including those related to space exploration and climate change.

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