Days after laying off at least 200 Twitter employees, including a “sleeping bag lady,” Elon Musk Now it seems to encourage remaining TweetA staff member who received the “very important” equity award.
what happened: Musk emailed remaining Twitter employees Monday morning, saying those still working for the company will receive a “very significant” performance-based stock award on March 24. The Verge reported, citing an internal memo.
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The “Performance Awards” memo is the first official Twitter CEO to tell employees since the latest layoff involving senior advocates and nearly all of the product team.
“Last week we completed a difficult organizational overhaul focused on improving future execution using as much feedback as we could glean from across the company. ,” the note read.
Important reasons: When Musk acquired Twitter for $44 billion in October 2022, the company had about 7,500 total employees, the report notes.
He subsequently laid off nearly 50% of the company’s global workforce and defended the decision, saying, “When the company is losing more than $4 million a day, it has no choice.” bottom.
Soon after, Musk gave his employees an ultimatum about Twitter 2.0, requiring them to be “very hardcore.”
As a result, hundreds of people chose to leave the company instead of agreeing to work “long hours and high intensity.”
All of these events, along with recent layoffs, have brought Twitter’s total workforce to less than 2,000.
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