Twitter employees begin mass layoffs by Elon Musk

Suspension

SAN FRANCISCO — Elon Musk has initiated a mass layoff at Twitter, sharply reducing the company’s workforce of 7,500 and initiating an overhaul of the company.

Employees of the company were emailed late on Thursday to inform them about the job cuts plans. Workers were informed that they will receive an email entitled “Your Turn on Tweet” by 9 a.m. PST Friday.

Those who retain their jobs will be notified via their company email. They will also be notified by their personal email if they are lost.

“The team, in an effort to put Twitter on a healthy track, will go through the difficult process of reducing our global workforce on Friday,” according to multiple versions of the email obtained by The Washington Post. “We are conscious that this will impact a number of individuals, who have made valuable contributions on Twitter, but this is unfortunately necessary to ensure the company’s success moving forward.”

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Anybody who didn’t receive an email by 5 p.m. PT was told to contact the company. Friday offices will be closed

The email continued: “We understand that this is an incredibly challenging experience, whether you are affected or not.” “We are grateful for your contributions to Twitter and for your patience as we go through this process.”

This was Musk’s first contact with employees across the company.

Team,

We will reduce our global workforce in an effort to get Twitter back on track. While we are aware that this will impact a few individuals who have made valuable contributions on Twitter, this is necessary to ensure the company’s future success.

We want to notify affected people as quickly as possible due to the distributed nature and nature of our workforce. This process will be communicated via email. Everyone will receive an email with the subject line: Your tweet turn, by 9 a.m. PST on Friday, November 4. Please verify your email, including your spam box.

If your job is not impacted, you will receive a notification via Twitter.

You will be notified via email if your job is at risk.

If you have not received an email from @twitter-hr by 5pm PST on Friday, November 4th, please email peoplequestions@twitter.com.

Our offices will be temporarily closed to ensure safety and security of all employees. All badges will be removed. Please go home if you’re in an office or are on your way to an Office.

We understand that this can be very difficult, regardless of whether you are affected. We appreciate your continued compliance with Twitter’s policies that prohibit you from sharing confidential company information on Twitter, the press, and anywhere else.

We are grateful to you for your contributions on Twitter and for your patience during this process.

We are very grateful.

Twitter

– Email obtained via The Washington Post

Many Twitter employees responded to the email by posting one blue heart to send their goodbyes to their colleagues. Slack published the identical hearts one at a time in a long scroll.

Some employees have lost access to their internal systems, such as Slack email or messaging service. Company workers described the ramifications on Thursday in real-time.

“The numbers are dwindling in [Slack] “In the last hour, people have been falling like flies,” said one, who spoke on condition of anonymity for fear of reprisals.

Musk’s workers who joined small teams to accelerate product development over the past six day have been dismissed. This was due to their being denied access to internal systems. Another employee in the same case spoke out to say that he knew of four people who had been pulled into such teams and lost their jobs Thursday. They were also lost by the employee.

Twitter users were posting that employees had been fired from their internal systems. They assumed they had been laid off.

People who were not laid off started to receive emails confirming that they were still at work on Friday morning. According to emails seen by The Post, Musk said that he would soon address employees to discuss his plans.

Emails started arriving for those who were fired.

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Twitter and Musk did no immediate respond to requests for comment.

Musk is under pressure from his investors to recoup the investment in a site that he admitted was overpriced. After signing a deal to purchase Twitter for $44Billion this spring, Musk took over control of the site. He tried to exit the purchase and then enter the agreement again as the trial date approaches in court.

Analysts have estimated that Twitter’s actual value is approximately $25 billion. Musk also took out a loan of more than $12 billion to fund the purchase of the site, according to financial filings, pressing him to cut costs and stay solvent — in the face of Nearly 1 billion dollars a yearThis debt is subject to interest payments.

The new company’s CEO is Musk. His assistants include Alex Spiro, his attorney, investor David Sacks and Jared Birshall who manages the Musk family office.

The layoff occurred a week following a Twitter evaluation in which Musk and his deputy imposed an immediate product freeze that halted Twitter’s internal development projects. They also brought in Tesla engineers to review Twitter code. Workers waited impatiently in a vacuum full of information about the company’s direction and leadership.

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According to people familiar, Musk was expected not to cancel his plans to layoff about 50% of Twitter’s employees.

Musk began his tenure on Twitter last week by firing former executives, including the CEO and CFO.

The layoffs that began on Friday were expected to affect sales, trust, safety, marketing, products, engineering and legal teams — targeting the company across the board.

In addition to the layoffs, Musk is also expected to make drastic cuts to other parts of the business — some so deep that employees are concerned about the ability to keep Twitter up and running, according to internal documents seen by The Post and people familiar with the planners who spoke provided Anonymity for fear of retaliation.

According to documents and people, this week’s managers wrote to employees asking them to suggest ways to save at least $500m annually. These cuts will be made to the site’s data centers and other software infrastructure, as well as the workforce that moderates Twitter content.

Documents detailing plans to engage Twitter’s workforce

Earlier Thursday, amid reports of impending cuts, Twitter employees braced for what seemed to be the inevitable, updating their internal tools like messaging apps to see the latest — as the prospect of job losses loomed.

However, the email arrived much later in the day and contained very little information.

Twitter employees said their goodbyes, exchanged contact information, and tried to make documents more accessible for those who would stay.

They wanted to ensure that their colleagues could continue to run the site in their absence.

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People familiar with the plans said that Twitter had already planned large scale layoffs prior to Musk’s takeover. This would have resulted in up to 25% of employees being affected. The Post previously reported that the board of directors of Twitter was planning to reduce thousands of jobs to save $700million in labor costs.

This report was contributed by Gerrit de Fink, Kat Zakrewski and Will Orems.



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