Twitter workers emotional wellness month runs into Elon Musk 75% layoff stories

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For nationwide emotional wellness month, Twitter Inc. has stuffed worker inboxes with tips about self care and steadiness. The outgoing messages, nonetheless, are frantic.

With Elon Musk’s deal to purchase the corporate set to close in a single week, staff are bracing for layoffs — which Musk has been telling traders may slash 75% of workers, in response to individuals aware of the matter. That ache will coincide with possible adjustments in management, priorities and values underneath Musk. 

This week was additionally a “focus week” at Twitter, periodic week-long stretches the place staff take fewer conferences to allow them to get extra achieved. Many workers members stated they used the additional time to search for different jobs, in addition to to seek the advice of private attorneys about severance and inventory compensation. 

Employee fairness awards are on account of vest early subsequent month however there’s confusion about whether or not the vest date will change, and even happen. Concern is rising that the inventory awards won’t be paid, the individuals stated. Twitter froze worker fairness award accounts on Monday in anticipation of the take care of Musk closing, Bloomberg reported. Some staff are discussing and researching labor legal guidelines to make sure they get the proper kind of severance, stated one other individual aware of the matter, who additionally requested to stay nameless discussing non-public data.

Twitter and Musk are working to shut the deal by Oct. 28, after months of authorized back-and-forth. But there’s nonetheless the likelihood one thing will get in the way in which — corresponding to a possible nationwide safety evaluation by the Joe Biden administration, Bloomberg reported Thursday. 

Employees are nonetheless going by their usually scheduled efficiency opinions within the last three months of the 12 months, albeit extra informally, a number of individuals stated. Employees submitted self-evaluations earlier this month, and this week managers graded workers on a curve, with solely 3% of staff in a backside tier. Next week, because the deal is ready to shut, staff can be checking in with their managers.

With or with out Musk, Twitter’s robust financial place might make raises scarce. Some managers obtained an e mail this week from the operations staff that included a “Non-Monetary Retention Playbook” on how managers may attempt to retain individuals with out including compensation.

Teams have continued with product planning and reviewing proposed adjustments to Twitter’s performance. However, the temper is beginning to bitter throughout Twitter’s engineering groups, individuals aware of the matter stated. Engineers are hesitant to start main tasks that will in the end be scrapped if Musk does full a takeover of the corporate.

Musk has tweeted that when he begins, “software engineering, server operations & design will rule the roost.” He’s additionally mentioned turning the corporate into “X,” an every part app. “We don’t even know what that is,” one staffer stated. 

On Blind, the nameless worker dialogue app, one Twitter worker requested whether or not it might be doable to prepare about 200 engineers to give up directly and begin a competitor, leaving Musk with out an engineering staff.

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