The platform, which has more than 220 million users, is closing its offices for fear of sabotage and some of its customers are even talking about the end of the social network
The arrival of Elon Musk on Twitter ultimately put the survival of the social network in jeopardy. Following the announcement of the layoff of 3,700 employees a few days ago, nearly half of the workforce, hundreds of other employees have decided to leave their posts following the latest trial launched by the world’s richest man of workers.
In an email sent Thursday, Elon Musk gives employees 36 hours to decide whether to continue with the company. Specifically, they had to determine within that period – without further details about the future of the company – whether they are willing to work “extremely hard”, including more overtime, weekends and full nights, to show their genuine commitment to the company. If not, the only option is to leave your post.
In his post, Musk made it clear that “only exceptional performance is considered sufficient” to stay with the company. As set forth herein, failure to accept the terms imposed would constitute immediate dismissal, albeit with the right to compensation of three months’ salary, terms similar to those offered to the employees who have been the company’s recent wave of layoffs. entered. .
Far from achieving its goal of finding dedicated employees, the trickle of departures has been constant in recent hours, even forcing the company to close its offices since Thursday for fear that some employees could “sabotage the Social network”. For the time being, employees have been asked not to return to the head office until Monday 21 November.
Twitter, which has more than 220 million users worldwide, has also closed access to internal communication tools and other devices in the hands of employees. They ensure that there is no longer the minimum number of engineers responsible for critical systems for the proper functioning of the social network, which could cause the platform to stop working at some point. Under the hashtag #RIPTwitter, users this Friday also showed their fear of the final closure of the social network.
This brain drain has led to uncertainty about the future of the platform, for which Elon Musk paid 40,000 million euros. After a purchase that was clearly overvalued, the businessman justified his adjustment plan in light of the collapse in advertising revenues that, among other things, caused the social network a loss of four million per day.
Despite the maximum tension in the company, the owner of Tesla and Space X returned yesterday to appear normal with his Twitter account. “The best have stayed, so I’m not very worried,” he said.
However, the situation is complex and cross-border. European Commission Executive Vice-President Margarethe Vestager expressed concern on Friday about events surrounding the social network since its purchase by Tesla’s founder. “It’s a matter of critical importance,” he said after a meeting with economic vice president Nadia Calviño, citing the need for Twitter to fight misinformation on the platform, acknowledging that some countries are more exposed than others . For his part, Calviño even opened the door for the government to stop using Twitter as a communication channel if it stops providing “safety and assurance” about the veracity of inflation.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
