Hardware News They are fired by Elon Musk, but they return to work at Twitter
Published on 07/11/2022 at 15:50
After laying off nearly half of Twitter’s 7,500 employees by sending a simple email at the end of last week, Elon Musk finally had to recall several dozen ex-employees because of their strategic positions…
Elon Musk buys Twitter to free the bird and end censorship
It’s been 10 days now since Elon Musk, the richest man in the world, let’s remember, officially bought the social network Twitter and so much has already happened that we have the impression that he is there for years.
It must be said that since the launch of Twitter on March 21, 2006, the little blue bird is undoubtedly the favorite communication tool of the man with some 114 million subscriberscherishing it as much as he hates it for its ease of use and its rules that are sometimes too restrictive for his taste or that of his friends.
Regularly threatened with censorship for his sometimes borderline positions on the country’s internal politics, international conflicts, the life and death of certain cryptocurrencies or even the stock market price, the whimsical billionaire has always passed between the drops, but the threats that sometimes weighed on him (unlike Donald Trump who saw his account banned following the attack on the Capitol in January 2021) ended up convincing him to embark on the takeover of Twitter to, he says, “free the ‘bird’ and offer ‘true freedom of expression’ to all who wish it.
And what should only have been a billionaire’s whim, a little joke between two tweets on the colonization of the planet Mars, finally gained weight in January 2022 by the significant purchase of shares then in April where we learn that Elon Musk now owns, without warning, nearly 9% of the company. Faced with the panic of the markets, the latter finally announced on April 14 that he wanted to buy “100% of Twitter” for the tidy sum of 44 billion dollars.
The rest, you know, between withdrawal and more or less forced takeover, Elon Musk ended up concluding the sale on October 28, arriving at the company’s headquarters with a sink in hand and declaring loud and clear “Entering Twitter HQ – let that sink in!” which can be translated as “I enter the headquarters of Twitter – I let you absorb the information!” (or “take the time to think about it”).
Elon Musk and Twitter Employees, Act II
With the takeover barely completed, Elon Musk’s first decision was to fire incumbent CEO Parag Agrawal, along with three other senior executives of the company, namely Vijaya Gadde, Chief Legal Officer Ned Segal, the Chief Financial Officer and Sean Edgett, the Chief Legal Officer.
Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day.
Everyone exited was offered 3 months of severance, which is 50% more than legally required.
— Elon Musk (@elonmusk) November 4, 2022
Subsequently, he also announced that he wanted to quickly part with nearly 50% of the approximately 7,500 employees of the company to stem a very negative spiral which would see the company lose around 4 million dollars a day according to Elon Musk!
Unfortunately, there is no other choice when the company is losing more than 4 million dollars a day.
All those who lost their jobs were offered three months of compensation.
A cleaver which finally fell on Friday November 4 when all employees were asked to stay at home awaiting their sad fate. If they received an email on their pro mailbox, they continued the adventure, if they received an email on their personal mailbox, they were fired immediately. With, in most cases, reasons such as “serious breaches of duty”. Without any concrete example of course…
But according to our colleagues at Bloomberg, less than 48 hours after the first layoffs, backpedaling on the part of the management who realized that certain services could simply no longer run and that a certain number of engineers were missing. work on the development of new features. Thereby, several dozen ex-future employees were recalled to resume their positions, Twitter then referring to a simple “error” in sending these dismissals…
Impossible to know for the moment if the “happy” elected officials have all agreed to return and under what conditions, but one thing is certain, things are pedaling dry in semolina at Twitter, while the return of the banished, Donald Trump in mind, is expected in a few weeks to set fire to the feathers of the blue bird again.