financetom
Business
financetom
/
Business
/
From mass layoffs to resignations: How Elon Musk's Twitter went from 7,500 to 2,900 employees in three weeks
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
From mass layoffs to resignations: How Elon Musk's Twitter went from 7,500 to 2,900 employees in three weeks
Nov 17, 2022 11:00 PM

Twitter offices began shutting down on Thursday for a few days as hundreds of employees resigned after the new boss Elon Musk gave the staff an ultimatum to commit to an "extremely hardcore" work environment involving "long hours at high intensity" or leave with severance, according to multiple reports. According to internal Slack messages seen by CNBC, engineers and other employees posted goodbye messages to a “watercooler” chat group in the run-up to 5 pm Thursday deadline that Musk set just a day earlier.

While it remains unclear exactly how many employees have put in their papers, reports put the number at a few hundred.

According to The Verge, Twitter had roughly 2,900 remaining employees before the Thursday deadline to choose between hardcore work and leaving. The latest resignation wave leaves the Twitter workforce size even smaller, which was already trimmed after Musk decided to lay off nearly half of the 7,500 employees in October as he took over, followed by multiple voluntary exits.

Remaining and departing Twitter employees told The Verge that, given the scale of the resignations this week, they expect the platform to start breaking soon. One said that they’ve watched “legendary engineers” and others they look up to leave one by one.

“The train has started in #social-watercooler,” an employee told CNBC, referring to a Slack group that Twitter employees have used in recent weeks to notify others that they are leaving.

The mass resignation wave follows Musk's mail on Wednesday to all Twitter employees, telling them he expects “long hours at high intensity” from them if they wanted to stay. He gave them a 5 pm ET deadline to confirm.

Also Read: Elon Musk allegedly sacked 8 SpaceX employees for speaking up against him

Musk is said to have followed up on the matter with a few emails telling managers to meet staff in person once a week or at least monthly and that managers could be fired for allowing employees to work remotely unless those employees, in his view, can be deemed as “excellent” or “exceptional.”

“Entire teams representing critical infrastructure are voluntarily departing the company, leaving the company at serious risk of being able to recover,” an engineer, who said they were handing in their resignation on Thursday, wrote to CNBC.

Esther Crawford, who works on early-stage products at Twitter, tweeted a farewell message saying, “To all the Tweeps who decided to make today your last day: thanks for being incredible teammates through the ups and downs,” she tweeted. “I can’t wait to see what you do next.”

Also Read: Views | The worst for Twitter is yet to come!

Also Read: Elon Musk says he will find a new leader for Twitter, complete organisational restructuring this week

First Published:Nov 18, 2022 8:00 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Copyright 2023-2026 - www.financetom.com All Rights Reserved