Spring cleaning is now at Twitter. Suffice to say that on this Friday, November 4, 2022, we don’t really know who to wish to be employed there…
… or even to stay there, because those who will keep their position should have all the more pressure on their shoulders.
Better to have strong kidneys this Friday
According to internal emails obtained by the New York Times and the washington post, the longest 24 hours for Twitter’s 7,500 employees has begun. The principle is simple: at 9 a.m. (Pacific time) on November 4, 2022, all employees of the firm must have received an e-mail entitled ” Your role at Twitter “. If it arrives on their Twitter email address, it’s because the adventure continues. But if it is received on the personal mail, it stops. For a perfect descent into hell, those who have received nothing by 5 p.m. must report it.
No immunity totem in this case. In addition, many employees indicate that in reality, Twitter did not wait until November 4, 2022 to cut access to many of them, as illustrated by the tweet below relayed by the washington post. The offices of the blue bird are closed to all today.
If the method may seem brutal, it is not surprising given the practices of Elon Musk at Tesla. In this case, an internal email imposes discretion on employees, whose careers potentially come to a halt in the process. Several testimonies received by the washington post report employees falling like flies and thus disappearing from the company’s internal Slack thread. Many blue hearts also bloom on the accounts of Twitter employees as a sign of solidarity.
In any case, Twitter had planned to reduce its workforce by at least a quarter
If the “Long Night” of Twitter will soon end, at least as far as this stage is concerned, the future of the survivors of this tidal wave is still uncertain. As it stands, Elon Musk’s overvalued purchase of Twitter, pegged at $44 billion for a concrete value not exceeding $25 billion according to the washington post, requires finding funds quickly. Musk wants to bail out the coffers as Twitter posts a net loss of $270 million for the first half of 2022. In addition, the new acquirer took out a loan of $12 billion for “ release ” the blue Bird. But, according to the Postthe interest rate would be one billion dollars per year (!).
Stay solvent and keep the bird in its nest, Elon Musk was, in any case, not the only one to want (have to?) Do it. Always according to washington postwhere internal memos reveal that the billionaire wants to save around $500 million on labor through these layoffs, the freshly landed former management team wanted to fire enough employees to save no less than… $700 million. dollars.
Sources: Engadget, The Washington Post
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