The company has a list of thousands of employees who will be laid off.
The list, which identifies those who can get severance pay, was nearly complete on Wednesday.
Musk bought Twitter last week for $44 billion. The next step is to improve profitability.
Twitter employees are getting closer to learning their fate under Elon Musk’s rule.
A list of employees who have been selected to possibly get severance pay following a layoff action was being finalized on Wednesday, with around 3,700 people chosen to be fired, according to two people familiar with the plans. company and an internal message seen by Insider.
Worker stack ranking, a type of performance review, has been underway since shortly after Musk officially acquired Twitter Last week, as Insider reported. The vice-presidents were then responsible for compile lists everyone in their department and to choose between who should stay in the company and who can be made redundant. These lists were then sent to Musk and his transition team, including his personal attorney Alex Spiro, as Insider reported.
While employees were largely kept in the dark about everything that happened during Musk’s early days as the head of the company, the layoffs are now expected to take place on Friday, the two people familiar with the company’s plans said, possibly around noon. People who spoke with Insider asked not to be identified discussing private matters. A Twitter spokesperson did not respond to a request for comment Wednesday. The musk has already let go the entire Twitter C-suite and several senior executives.
If the upcoming layoffs amounted to more than 3,700 people who would have been selected on Wednesday, it would cause about 50% of Twitter’s remaining workforce to leave. After headcount increased in June to about 8,200 people in the company, there are hundreds left after Musk decided to acquire it, Insider reported, leaving it with 7,500 at the end of September.
Twitter has already undergone a few changes under Musk, and more are expected. Its verification process is being redesigned to include a paid subscriptionthe short Vine video app that Twitter shut down years ago is restarting and content moderation practices are under review. But Twitter’s workforce has been subjected to some of the most dramatic changes so far.
Musk is known to be a demanding mercurial manager of his companies, including Tesla and SpaceX. Now on Twitter he is require employees to work “literally 24/7” to meet its product requests on short notice, with employees now shifting work in 12-hour shifts around the world, according to an internal post seen by Insider. People looking to keep their jobs with the company are told to launch Musk directly on Slack with new ideas and be ready to work with “manic” energy and “ship it as soon as possible,” according to another internal post seen by Insider. Some people are sleep at the office to keep up with the workload.
Are you a Twitter employee or someone else with ideas to share? Contact Kali Hays at firstname.lastname@example.org, on the secure messaging app Signal at 949-280-0267, or via Twitter DM at @hayskali. Reach out using a non-professional device.
Read the original article at Business Intern