No more layoffs ‘planned’ – Elon Musk tells remaining Twitter employees

No more layoffs ‘planned’ – Elon Musk tells remaining Twitter employees

Elon Musk is finished with layoffs at Twitter, at least for now, and has no intention of transferring the company’s headquarters from San Francisco.

Musk gave remaining Twitter employees tidbits of excellent news throughout an all-arms assembly on Monday at Twitter’s San Francisco headquarters, in accordance to two individuals current.

It’s Musk’s second such assembly since last week when he told staff that chapter was not out of the query for Twitter and first floated his “extremely hardcore” work expectations.

Musk said through the assembly no more layoffs are “planned” to happen. It’s the primary time Musk has said waves of cuts to the company’s headcount are over since he took management at the top of October.

Twitter’s headcount of full-time employees prior to Musk’s possession was about 7,500 individuals. That number is now down to 2,300 individuals, in accordance to an individual conversant in the company’s operations, after a mass layoff and a mass resignation.

The official headcount number might proceed to change, nevertheless, as resignations proceed to be accounted for internally, one other individual conversant in the company said.

One worker who made it by way of Musk’s layoffs and a spate of firings of perceived critics said Musk’s feedback had been met with “some relief.” The assembly got here after most employees labored by way of the weekend for Musk, who posted to Twitter photos of an early Saturday morning “code review.”

Now, Twitter may even begin hiring again. Musk said through the assembly he’s trying to usher in more engineers, in accordance to one of many individuals current.

Layoffs and resignations have deeply impacted Twitter’s engineering ranks, one other individual at the company said, estimating that as a lot as 50% of engineering is now gone. Musk on Friday made an pressing call for “anyone” left at Twitter who might write software program to meet with him.

Engineers who stay with the company are persevering with to attain out to coworkers who had been laid off or resigned asking them in the event that they’re  in returning to the company as a result of some groups do not need sufficient individuals, a present worker said.

Musk additionally said through the assembly he “does not intend” to transfer Twitter’s headquarters to Texas from San Francisco.

Such a transfer has been speculated on since Musk’s other firms, together with Tesla and SpaceX, have moved operations there. Musk and a few of his younger children and their moms additionally live within the state.

Twitter employees had been additionally told that a part of their future compensation plans under Musk will embrace inventory grants and be provided and paid out as they’re with employees at SpaceX.

Although private, that company permits employees to sell grants of inventory by way of private tender gives.

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Credit: myjoyonline

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