The saga of Elon Musk’s Twitter purchase got an update. Last Wednesday (26), the billionaire visited the social network’s headquarters in San Francisco and, according to company sources, said he will not lay off 75% of employees – but there will be cuts.
The sources spoke on the condition of anonymity because the subject of the visit, a speech by Musk to his “future employees,” is confidential — at least until the purchase is finalized.
Twitter Layoffs: It Won’t Be Worse, Just Bad
The convoluted purchase of Twitter for the price of US$ 44 billion should be completed tomorrow (28) and, for many employees of the social network, a sad coincidence of Halloween with the terror of beginning to next week anxious not knowing whether or not they will have a job in the coming weeks or months.
Last week, the Washington Post disclosed that Elon Musk plans to lay off 75% of Twitter’s workforce. The social network released a memo stating that none of this was true.
In the visit to Twitter, Musk denied the mass layoff plan. Nonetheless, he will still make cuts in the company. Before the purchase proposal, the social network planned to reduce the number of employees by 25% — the new owner must, at the very least, keep these layoffs. And of course, there is still the possibility of people leaving on their own.
Employees may resign due to ‘Musk effect’
Elon Musk has long shown signs of not be a good boss — not to mention his self-centeredness, heightened by the cult of his personality. In March, the billionaire said in a memo to Tesla employees that “remote work would no longer be accepted” and that anyone who wanted to work from home would be fired to “work from home.”pretend you work somewhere else”.
Becoming the new owner of Twitter, he is expected to carry this “anti home office” policy into his new venture. The problem is that the social network allows its employees to work from anywhere. The potential loss of workplace flexibility kept Twitter employees worried and was one of the points raised in their open letter.
Elon Musk’s hatred of remote work and his clear egocentricity, which makes it difficult for the individual to accept opposing opinions, could lead to the most talented employees of Twitter to resign. After all, these employees can get jobs anywhere — and many big techs, like Microsoft, are flexible with where they work.