Elon Musk suggests Twitter was poorly run, did not welcome controversies
Elon Musk is working to make his mark on Twitter Inc., days after assuming ownership of the service.The world's richest man has been reviewing the company's code with help from Tesla Inc. engineers, while consulting with powerful friends he trusts to help him make important decisions about where to take the product.
So far, it turns out that making major changes to a 16-year-old product with about 7,000 employees is easier said than done. Here's an overview of what Musk is noodling – and how it intersects with reality:
Job Cuts
Twitter employees have been bracing for layoffs ever since Musk took over and fired the top executive team, including Chief Executive Officer Parag Agrawal. Over the weekend, a few employees with director and vice president jobs were cut, according to people familiar with the matter. Other leaders were asked over the weekend to make lists of employees on their teams who can be cut, the people said. Employees are expecting to hear from Musk for the first time since the deal closed during an all-hands on Wednesday morning.
Senior personnel on the product teams were asked to target a 50% reduction in headcount, according to a person familiar with the matter. Engineers and director-level staff from Tesla reviewed the lists, the person said asking not to be identified discussing private information. Layoff lists were drawn up and ranked based on individuals' contributions to Twitter's code during their time at the company, the people said. The assessment was made by both Tesla personnel and Twitter managers.
Top of mind for employees: Stock awards vest Tuesday. Twitter Chief Accounting Officer Robert Kaiden told employees Tuesday morning that “payroll is working on processing the vest,” though money
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