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HomeBUSINESSMass layoff on Twitter would begin this Friday • ENTER.CO

Mass layoff on Twitter would begin this Friday • ENTER.CO

Much has been speculated about how many employees will be laid off at Elon Musk’s headquarters. Initially it was said that 75%, then 25% and now it has been leaked that it will be 50%. The truth is that the lists are already there, and this November 4, some 3,700 people will no longer work for Twitter.

In an attempt to reduce costs, after acquiring the platform for 44 billion dollars, the new owner of the microblogging service, Elon Musk, decided to ask all the company’s departments to select the employees who would terminate their employment contract. .

According to Insider, an American digital media agency, this Friday around noon the mass dismissal will take place at Twitter’s facilities. People who will no longer work with the company will be offered 60 days severance pay.

This would not be Musk’s only change in labor terms. Insider had access to an email stating that employees are required to work 24/7 schedules to meet short-term products and projects. Twitter workers must deliver their work in 12-hour shifts, from locations around the world.

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Likewise, employees who want to keep their jobs, they have been told that they must present their proposals to Musk through Slack, a communication tool that allows teamwork. These ideas must be “sent as soon as possible”, and they are advised to work with “manic energy”.

It should be remembered that one of the billionaire’s first orders was to fire the company’s current CEO, Parag Agrawal, and its CFO, Ned Segal. The information obtained by people close to the company suggest that the compensation for the departure of these executives is for more than 50 million dollars (39 million for Agrawal and 25 million for Segal).

Image: ENTER.CO file

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