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‘You’re fired’: 3,700 Twitter employees are sent email terminating their employment

Chief Twit Elon Musk has fired off a blunt email to 3,700 Twitter staff telling them they are fired – will stay on the payroll till not less than January as he skirts California’s powerful staff legal guidelines. 

The world’s richest man rocked up on the Baron Investment Conference on the Metropolitan Opera House in Manhattan after posting a livid message to woke customers who triggered a ‘large drop in income’ earlier than the purge in employees hit their inboxes. 

He stated it was ‘extraordinarily tousled’ and accused them of ‘making an attempt to destroy free speech in America’ regardless of what he stated had been his greatest efforts to ‘appease’ the campaigners.

Are YOU a Twitter worker affected by the cuts? 

Twitter employees have began to obtain the email to allow them to know whether or not they are amongst half the workforce set to be culled on Friday – at 4pm GMT, 12pm EST and 9am PST.

Those who had been chosen to remain have been knowledgeable that the office will stay closed till November seventh, and have been urged to ‘chorus from discussing confidential company data.’ 

Additionally they are going to be advised of Musk’s ‘imaginative and prescient for the company’ within the coming days, with ‘extra data’ to be shared subsequent week. 

Anyone who has discovered themselves out of a job has been advised that they’ll proceed to be employed by Twitter till both January or February 2 subsequent year, relying on their position, although November 4 will probably be their final working day on the company. 

They are not anticipated to work, and may have their entry to Twitter techniques deactivated – although some employees reported being kicked out of their accounts virtually 12 hours earlier than. 

However the interior memo instructs employees leaving the company that they are nonetheless anticipated to adjust to the worker playbook and code of conduct whereas they continue to be on gardening depart. 

It added: ‘Within per week, you’ll obtain particulars of your severance provide, monetary resources extending past your Non-Working Notice interval. 

‘At that point additionally, you will obtain a Separation Agreement and Release of Claims and different offboarding.’

Musk laughed and was in good spirits forward of the termination emails being sent out, whereas chatting on stage to Baron Capital Group Chairman and CEO Ron Baron

Musk, pictured leaving the investment conference, managed to wriggle around California law, which requires employers to give at least 60 days notice when firing people, by offering staff severance and to stay on the payroll until early next year

Musk, pictured leaving the funding convention, managed to wriggle round California regulation, which requires employers to offer not less than 60 days discover when firing folks, by providing employees severance and to remain on the payroll till early subsequent year

Twitter employees have started to receive the email to let them know whether they are among half the workforce set to be culled on Friday - at 4pm GMT, 12pm EST and 9am PST

Twitter employees have began to obtain the email to allow them to know whether or not they are amongst half the workforce set to be culled on Friday – at 4pm GMT, 12pm EST and 9am PST

‘YOU’RE FIRED’ 

Hello,

As shared earlier immediately, Twitter is conducting a workforce discount to assist enhance the well being of the company. 

These choices are by no means straightforward and it’s with remorse that we write to tell you that your position at Twitter has been impacted. 

Today is your final working day on the company, nevertheless, you’ll stay employed by Twitter and can obtain compensation and advantages by means of your separation date of February 2, 2023.

During this time, you’ll be on a Non-Working Notice interval and your entry to Twitter techniques will probably be deactivated. 

While you are not anticipated to work through the None-Working Notice interval, you are nonetheless required to adjust to all company insurance policies, together with the Employee Playbook and Code of Conduct.

Within per week, you’ll obtain particulars of your severance provide, monetary resources extending past your Non-Working Notice interval. 

At that point additionally, you will obtain a Separation Agreement and Release of Claims and different offboarding…

‘YOU’RE SAFE’ 

Hello,

Thank you in your endurance by means of this transition and in your dedication to the vital work you do a Twitter. We are sending this email to substantiate that your employment is not impacted by immediately’s workforce discount.

Throughout the final week, Elon has frolicked with quite a few employees, clients, companions, policymakers and Twitter customers. He is trying ahead to speaking with everybody about his imaginative and prescient for the company quickly. We know you probably have quite a few questions, and we may have extra data to share subsequent week. 

In the meantime, please word that till Monday, Birdhouse is briefly offline, our office buildings are briefly closed, and all badge entry is briefly suspended. Offices will reopen on Monday, Nov. seventh.

Thank you for persevering with to display respect for impacted colleagues as we navigate these modifications. As a reminder, we count on you to proceed to adjust to company police by refraining from discussing confidential company data on social media, with the press or elsewhere.

We look ahead to working with you on Twitter’s thrilling future.

– Twitter 

Those who were selected to stay have been informed that the office will remain closed until November 7th, and have been urged to 'refrain from discussing confidential company information'

Those who had been chosen to remain have been knowledgeable that the office will stay closed till November seventh, and have been urged to ‘chorus from discussing confidential company data’

Those who were selected to stay have been informed that the office will remain closed until November 7th, and have been urged to 'refrain from discussing confidential company information'

Those who had been chosen to remain have been knowledgeable that the office will stay closed till November seventh, and have been urged to ‘chorus from discussing confidential company data’

They are not expected to work, and will have their access to Twitter systems deactivated - though some employees reported being kicked out of their accounts almost 12 hours before

They are not anticipated to work, and may have their entry to Twitter techniques deactivated – although some employees reported being kicked out of their accounts virtually 12 hours earlier than

Workers took to the platform late Thursday and early Friday to vent their fury at the new CEO, with some trying to tell the billionaire businessman his actions were 'no way to run a firm'

Workers took to the platform late Thursday and early Friday to vent their fury on the new CEO, with some making an attempt to inform the billionaire businessman his actions had been ‘no technique to run a agency’

The company has reportedly fired 85 per cent of their employees in India and 90 per cent of these in Asia, with public relations and communications groups down to 2 folks. 

According to the Wall Street Journal some employees had been advised that they’d have a separation date in January, quite than February.

They had been additionally knowledgeable that they’d obtain one month’s base pay in severance roughly 45 days after the termination date, along with offering directions for returning company property resembling laptops.

It is unclear if employees ought to count on to obtain their year-end bonuses, which traditionally have been primarily based on particular person and company efficiency.

Musk joked about overpaying for Twitter throughout a shock look at a convention as emails began rolling out to tell employees of mass layoffs.

Speaking on the Baron Investment Conference, the billionaire stated that him making an attempt to get out of the deal was like a ‘scene from the Godfather’.

He stated: ‘I mean I think most people would say, given how market has evolved this year, the price is on the high side.’

Musk laid out his plan for the way forward for the company, saying that the layoffs ought to save them $400 million a year, and doubled down on his plans to cost verified customers $8 a month.

The Tesla CEO stated that recouping the money he spent on the company could be ‘very difficult to achieve’ however added he believes that Twitter will ‘become one of the most valuable companies in the world.

Billionaire Ron Baron runs the event, and when he was asked about the cuts he said: ‘There’s a lot of people there that aren’t very productive. They work from home. They haven’t written much code.’

Musk laid out his plan for the future of the company, saying that the layoffs should save them $400 million a year, and doubled down on his plans to charge verified users $8 a month

Musk laid out his plan for the way forward for the company, saying that the layoffs ought to save them $400 million a year, and doubled down on his plans to cost verified customers $8 a month

The company has reportedly fired 85 per cent of their employees in India and 90 per cent of those in Asia, with public relations and communications teams down to two people

The company has reportedly fired 85 per cent of their employees in India and 90 per cent of these in Asia, with public relations and communications groups down to 2 folks

Musk looked relaxed as he attended a NYC investment conference after posting about his fury over activists bringing down the revenue of Twitter

Musk seemed relaxed as he attended a NYC funding convention after posting about his fury over activists bringing down the income of Twitter 

Elon Musk arrives at the 29th Annual Baron Investment Conference in Manhattan, New York City, as Twitter shareholders back his decision to cut jobs

Elon Musk arrives on the twenty ninth Annual Baron Investment Conference in Manhattan, New York City, as Twitter shareholders again his choice to chop jobs 

Nick Flor, a shareholder of the social media giant, claimed that their profit this year was a negative 270 million and praised the richest man in the world for the massive layoffs after his dramatic $44billion takeover

Nick Flor, a shareholder of the social media big, claimed that their revenue this year was a unfavourable 270 million and praised the richest man on the planet for the large layoffs after his dramatic $44billion takeover

Twitter employees appeared to be speaking to security detail at the headquarters for the company in New York on Friday morning

Twitter employees gave the impression to be chatting with safety element on the headquarters for the company in New York on Friday morning 

Workers gathered outside of the office in New York, despite being told to go home on Thursday and 'not to return' to the office as they would be closed

Workers gathered outdoors of the office in New York, regardless of being advised to go house on Thursday and ‘to not return’ to the office as they’d be closed

Twitter had a global workforce of some 7,500 employees at the end of 2021, and Musk (pictured on Halloween) reportedly plans to lay off up to half of them

Twitter had a worldwide workforce of some 7,500 employees on the finish of 2021, and Musk (pictured on Halloween) reportedly plans to put off as much as half of them

Musk blasted it as ‘extremely messed up’, before claiming that he and his new team did ‘everything they could’ to ‘appease the activists’

Musk blasted it as ‘extremely messed up’, earlier than claiming that he and his new staff did ‘everything they could’ to ‘appease the activists’

The company said its offices will be temporarily sealed and all staff badge access will be suspended in order 'to help ensure the safety of each employee as well as Twitter systems and customer data'

The company stated its places of work will probably be briefly sealed and all employees badge entry will probably be suspended so as ‘to assist guarantee the protection of every worker in addition to Twitter techniques and buyer knowledge’

Diddy helped Elon Musk purchase Twitter by pumping $10 MILLION into his $44billion bid to take over social media big: Rapper ‘wished a seat on the desk’

Diddy was one of many buyers who helped Elon Musk purchase Twitter for $44billion, after pumping $10million into the bid himself, it has been revealed.  

The hip-hop music legend, 53, is claimed to have wished ‘a seat a the desk’ so helped Musk along with his billion greenback social media takeover. 

Elon Musk purchased the tech company for $44 billion final week – and has already made his presence recognized by firing hoards of employees throughout the globe and re-instating accounts that had been beforehand suspended. 

He was in a position to take over Twitter with the assistance of rich buyers – together with Diddy – and loans from Wall Street banks. 

According to TMZ, sources say that Diddy’s funding comes from the truth that he ‘believes’ in Musk’s imaginative and prescient for the social media big. 

It’s believed that the pair hand around in comparable circles – with them each attending considered one of Dave Chappelle’s present in May and Kanye West’s Dona 2 expertise in February. 

Diddy, who additionally goes by the stage title Puff Daddy, not too long ago ascended to billionaire standing, making him some of the rich artists within the music trade, based on former Forbes editor Zack O’Malley.

An inner memo revealed final night time the Tesla billionaire was set to sack 3,700 employees from the social media big in a bid to slash prices by $1billion.

Workers took to the platform late Thursday and early Friday to vent their fury on the new CEO, with some making an attempt to inform the billionaire businessman his actions had been ‘no technique to run a agency’.

But one shareholder broke cover to disclose his delight on the transfer, saying the company had been ‘grossly mismanaged’, was a ‘weapon for the Democrat get together’ and Musk was ‘retooling for business’.

Nick Flor, a shareholder of the social media big, claimed that their revenue this year was a unfavourable 270 million and praised the richest man on the planet for the large layoffs after his dramatic $44billion takeover.

Flor claims that the company was ‘grossly mismanaged’ earlier than it was taken over by the billionaire and was ‘mainly used as a political weapon for the Democrat party.

He added: ‘That’s no technique to run a BUSINESS.’

It was a response to a declare that Musk had launched an ‘all out war’ on his employees with ‘no formal notice’, with US employees submitting a class-action lawsuit in opposition to their former employer.

Staff had been seen outdoors the places of work in New York on Friday morning trying weary and not sure, as some gathered after they tried to achieve entry to the constructing.

Musk has given some employees 91 days discover of his intention to finish their contracts, after the email for an email with the topic ‘Your Role at Twitter’ to drop into their inboxes immediately. 

Staff in London and Manchester acquired the information in the identical approach, at 4pm native time within the UK, with many discovering themselves locked out of their accounts once they awakened.

Members of employees reported being logged out of their work accounts and locked out of laptops whereas the company sealed places of work for all of its employees.

Sacked staff are suing Musk for not giving sufficient discover of the mass job cuts –  although the lawsuit was launched earlier than he sent the total particulars to the employees. 

Some posted sentimental messages to the platform after being advised they had been to be unemployed.

Offices within the UK and US had been shut down for the day by Musk, who warned employees that their buildings could be locked and all employees badge entry will probably be suspended so as ‘to assist guarantee the protection of every worker in addition to Twitter techniques and buyer knowledge.’ 

Elon Musk has slammed activist teams for ‘pressuring’ advertisers claiming that they are behind Twitter’s ‘massive drop in revenue’ 

A picture of Ester Crawford asleep at the California offices on November 2 was posted on social media, with the early stage products worker writing: 'When your team is pushing round the clock to make deadlines sometimes you sleep where you work'

An image of Ester Crawford asleep on the California places of work on November 2 was posted on social media, with the early stage merchandise employee writing: ‘When your staff is pushing around the clock to make deadlines typically you sleep the place you’re employed’

Musk is appearing to ignore the mass layoffs on his Twitter page, but has been active in the past few hours following the news breaking

Musk is showing to disregard the mass layoffs on his Twitter web page, however has been lively previously few hours following the information breaking 

Twitter (pictured: Its office in San Francisco) said its offices will be temporarily closed and all staff badge access will be suspended in order 'to help ensure the safety of each employee as well as Twitter systems and customer data.'

Twitter (pictured: Its office in San Francisco) stated its places of work will probably be briefly closed and all employees badge entry will probably be suspended so as ‘to assist guarantee the protection of every worker in addition to Twitter techniques and buyer knowledge.’

Staff who have been laid off will be notified of the next steps in a message to their personal email addresses with the subject line 'Your Role at Twitter', the memo said. Pictured: Library image of Twitter's offices in New York

Staff who’ve been laid off will probably be notified of the subsequent steps in a message to their personal email addresses with the topic line ‘Your Role at Twitter’, the memo stated. Pictured: Library picture of Twitter’s places of work in New York

Simon Balmain, whose Twitter profile said he was a 'former Senior Community Manager' at the company, wrote: 'Looks like I'm unemployed y'all. Just got remotely logged out of my work laptop and removed from Slack. #OneTeam forever. Loved you all so much. So sad it had to end this way.'

Simon Balmain, whose Twitter profile stated he was a ‘former Senior Community Manager’ on the company, wrote: ‘Looks like I’m unemployed y’all. Just obtained remotely logged out of my work laptop computer and faraway from Slack. #OneTeam perpetually. Loved you all a lot. So unhappy it needed to finish this fashion.’

'Honestly happy to be laid off but the veil of @elonmusk is pierced,' the user by the name of Kushal Dave wrote on the platform. 'As messy as Twitter was pre-elon, it is a veritable clowntown of politics and toadyism and psychological abuse now. Afraid to get in my Tesla with what I learned this week.'

‘Honestly comfortable to be laid off however the veil of @elonmusk is pierced,’ the consumer by the title of Kushal Dave wrote on the platform. ‘As messy as Twitter was pre-elon, it’s a veritable clowntown of politics and toadyism and psychological abuse now. Afraid to get in my Tesla with what I realized this week.’

Head of Safety and Integrity Yoel Roth posted his condolences to those who had been laid off – and is currently the only executive member of Twitter staff to publicly acknowledge the layoffs

Head of Safety and Integrity Yoel Roth posted his condolences to those that had been laid off – and is presently the one government member of Twitter employees to publicly acknowledge the layoffs

Twitter email sent late Thursday, Nov. 3, 2022, notifying employees of plans to chop jobs

 Team,

In an effort to put Twitter on a wholesome path, we are going to undergo the troublesome technique of decreasing our international workforce on Friday. We acknowledge that this may impression quite a few people who’ve made useful contributions to Twitter, however this motion is sadly mandatory to make sure the company’s success transferring ahead.

Given the character of our distributed workforce and our need to tell impacted people as rapidly as potential, communications for this course of will happen by way of email. By 9AM PST on Friday Nov. 4th, everybody will obtain a person email with the topic line: Your Role at Twitter. Please examine your email, together with your spam folder.

If your employment is just not impacted, you’ll obtain a notification by way of your Twitter email.

If your employment is impacted, you’ll obtain a notification with subsequent steps by way of your personal email.

If you don’t obtain an email from [email protected] by 5PM PST on Friday Nov. 4th, please email [email protected]

To assist guarantee the protection of every worker in addition to Twitter techniques and buyer knowledge, our places of work will probably be briefly closed and all badge entry will probably be suspended. If you are in an office or in your technique to an office, please return house.

We acknowledge that is an extremely difficult expertise to undergo, whether or not or not you are impacted. Thank you for persevering with to stick to Twitter insurance policies that prohibit you from discussing confidential company data on social media, with the press or elsewhere.

We are grateful in your contributions to Twitter and in your endurance as we transfer by means of this course of.

Thank you.

Twitter

— supply: The Washington Post

As a part of his plan to drive down prices on the company the world’s richest man introduced the cuts internally with an email, as employees banded collectively on inner channels to say goodbye. 

Workers stated the company eliminating staff with out sufficient discover is in violation of federal and California regulation citing a class-action lawsuit filed in a San Francisco federal courtroom.

The class motion lawsuit filed on Thursday alleged that Twitter is in violation of the federal Worker Adjustment and Retraining Notification Act after some employees had been already laid off.

It requires and employer with greater than 100 employees to supply 60 days’ advance written discover previous to a mass layoff ‘affecting 50 or more employees at a single site of employment’.

But Musk has seemingly obtained across the subject, by permitting staff to stay on the books till February 2 – which is in 91 days time.

He additionally confirmed that the company would keep up a correspondence with those that have been sacked to debate their severance pay.  

The class-action lawsuit was filed by Shannon Liss-Riordan, who sued Musk’s electrical automotive company Tesla Inc. over comparable claims in June, when it laid off round 10 % of its workforce.

She stated: ‘We filed this lawsuit tonight in an try the guarantee that employees are conscious that they need to not signal away their rights and that they’ve an avenue for pursuing their rights.’

As the layoffs started, sacked Twitter employees posted on the platform below the ‘#OneTeam’ hashtag about their ultimate hours on the company, expressing a combination of anger and unhappiness, and gratitude for their time working there.

Simon Balmain, whose Twitter profile stated he was a ‘former Senior Community Manager’ on the company, wrote: ‘Looks like I’m unemployed y’all. Just obtained remotely logged out of my work laptop computer and faraway from Slack. #OneTeam perpetually. Loved you all a lot. So unhappy it needed to finish this fashion.’

He stated he acquired an email saying there could be mass layoffs, ‘after which round an hour later, people began getting their laptops remotely wiped and entry to Slack and Gmail revoked.’

Another consumer named Johann advised his followers: ‘Heya I simply lost entry to all my Twitter logins so I assume that is it.’

Another by the title of Miryam wrote: ‘Don’t cry as a result of it is over. Smile as a result of it occurred.’ She wrote the message along-side an image of her posing in entrance of a big blue Twitter chicken mounted on a wall on the places of work.

Karen Zapata, one other worker, posted an image of her laptop computer display screen, having been locked out. ‘This grey display screen may have been a meeting,’ she wrote – suggesting she was sad with how impersonal the sacking was.

Kushal Dave is one of the only employees to say that he is ‘happy’ to be laid off, but was quick to slam Musk for the way he conducted his takeover – calling him ‘Voldemort’

Kushal Dave is likely one of the solely employees to say that he’s ‘happy’ to be laid off, however was fast to slam Musk for the way in which he performed his takeover – calling him ‘Voldemort’

Chris Younie, who works for Twitter in leisure partnerships, tweeted: ‘Well this isn’t trying promising. Can’t log into emails. Mac will not activate. But so grateful that is taking place at 3am. Really respect the thoughtfulness on the timing entrance guys…’ 

Joan Deitchman, a senior engineer manager, confirmed that her entire team had been sacked by Musk, and were unable to access any of their work

Joan Deitchman, a senior engineer supervisor, confirmed that her complete staff had been sacked by Musk, and had been unable to entry any of their work 

Pictured: Musk is seen talking with Twitter employees at the company's California headquarters

Twitter Q&A: Why did Musk purchase Twitter and what’s he planning to alter? 

How did Twitter get began?

The origins of Twitter date again to 2006, when its founder Jack Dorsey was working at Odeo, a podcasting company. 

After being requested to pitch concepts to his colleagues, Dorsey shared his idea for a brand new platform which allowed customers to share brief messages just like texts. 

In the primary ever tweet on March 21, 2006, Dorsey wrote: ‘Just organising my twttr.’ Twitter made its public debut in July and rapidly grew in recognition. 

Why was Musk essential of the platform? 

Must has lengthy been considered one of Twitter’s most distinguished customers, and has commonly tweeted criticism of the platform. 

He’s lengthy claimed it’s not sufficiently protecting of free speech, specializing in examples such because the ‘extremely inappropriate’ 2020 blocking of a New York Post article on Hunter Biden, which the company has since stated was a mistake.

Musk has additionally criticised the variety of bots on the platform and advised it was a menace to democracy. 

How did he go about taking management of it? 

On January 31, the billionaire began shopping for shares of Twitter in near-daily installments, amassing a 5 per cent stake within the company by mid-March. 

In March, he stated he was giving ‘critical thought’ to constructing an alternative choice to Twitter and started privately contacting Twitter board members, together with Dorsey, a pal. 

The subsequent month, Musk was supplied a seat on Twitter’s board on the situation he amass not more than 14.9 per cent of the company’s stock, however CEO Parag Agrawal later introduced he wouldn’t be becoming a member of the board in any case.

Then, on April 14, Twitter revealed in a securities submitting that Musk has supplied to purchase the company outright for about $44bn (£39bn). This kicked off a number of months of rollercoaster negotiations, which appeared to fizzle out on May 13 when Musk introduced his deliberate buy was ‘on maintain’ attributable to a row over bots.  

Several flip-flops adopted earlier than he accomplished his $44bn (£38.1bn) takeover final week. ‘The  chicken is freed,’ he tweeted afterwards. 

What modifications has he been proposing?

Must has claimed to be motivated to take over Twitter as a result of it’s ‘vital for the way forward for humanity’. The modifications he’s planning embody – 

BLUE TICK FOR $8 A MONTH – Musk needs to herald a month-to-month cost for verified customers from Monday. This has sparked a backlash, however the billionaire insists it’s mandatory if the platform is to steadiness it is books. 

FREE SPEECH – Musk’s feistiest precedence – but in addition the one with the vaguest roadmap – is to make Twitter a ‘politically impartial’ digital city sq. for the world’s discourse that enables as a lot free speech as every nation’s legal guidelines enable. 

OPEN-SOURCED ALGORITHMS – Musk’s longstanding curiosity in AI is mirrored in some of the particular proposals he outlined in his merger announcement – the promise of ‘making the algorithms open supply to extend belief.’ He’s speaking in regards to the techniques that rank content material to determine what reveals up on customers´ feeds.

`DEFEATING THE SPAM BOTS’ – ‘Spam bots’ that mimic actual folks have been a personal nuisance to Musk, whose recognition on Twitter has impressed numerous impersonator accounts that use his picture and title – typically to advertise cryptocurrency scams that look as in the event that they’re coming from the Tesla CEO.

AD-FREE TWITTER? Musk has floated the thought of an ad-free Twitter, although it wasn’t one of many priorities outlined within the official merger announcement. He has additionally spoken out to reassure advertisers Twitter stays place to develop their companies. However, subscribers paying the $8 a month blue tick cost have been promised fewer adverts. 

Will Donald Trump return? 

Musk is predicted to quickly begin welcoming again customers who had been handed lifetime bans from the platform – together with former US president. 

However, the billionaire advised this is able to not occur till after the Midterm elections. ‘Twitter is not going to enable anybody who was de-platformed for violating Twitter guidelines again on platform till we’ve a transparent course of for doing so, which is able to take not less than a number of extra weeks,’ he tweeted on Wednesday. 

He had beforehand vowed to arrange a “content moderation council” and stated no main content material choices could be made till it was in place. 

Trump has welcomed Musk’s takeover, saying the platform was not ‘in sane fingers’.  

What’s occurred to Twitter employees?

As a part of his plan to drive down prices since buying the social media company for $44bn (£39bn), the world’s richest man plans to chop round 3,700 jobs – about half of Twitter’s workforce.

But employees say the company is eliminating staff with out sufficient discover in violation of federal and California regulation, Bloomberg reported on Friday, citing a class-action lawsuit filed in a San Francisco federal courtroom.

The company warned employees to brace for firing notices in a memo on Thursday night time. It stated all employees will obtain an email alert by 9am Pacific time Friday letting them know whether or not they nonetheless have a job on the company.

Twitter had a worldwide workforce of some 7,500 employees on the finish of 2021. The company stated its places of work will probably be briefly sealed and all employees badge entry will probably be suspended so as ‘to assist guarantee the protection of every worker in addition to Twitter techniques and buyer knowledge.’

Staff have now sued Musk within the US for not giving them sufficient discover.     

What may Musk’s method to moderation seem like?

Musk has been very vocal about easing content material moderation insurance policies, noting in April that if a tweet contains contents that are ‘a grey space’ it ought to keep.

But following issues from advertisers, Musk launched an open letter final week by which he reassured them Twitter wouldn’t be allowed to grow to be a ‘free for all hellscape’. 

‘Fundamentally,’ he stated, ‘Twitter aspires to be essentially the most revered promoting platform on the planet that strengthens your model and grows your enterprise.’

Therefore, a lot about how Musk will search to reasonable abusive content material or disinformation stays unclear. Some Twitter customers sought to check his limits immediately by spreading a faux hearsay about Donald Trump being useless. 

 

One Twitter worker shared a selfie of her and two different colleagues in an elevator which she wrote was at Twitter’s New York City places of work. ‘Last teary eyed @TwitterNYC elevator selfie,’ she wrote. The worker, named Rena, additionally posted that she had been ‘logged out’ of the Twitter Slack channels and her email account.

Rumman Chowdhury, one other worker, shared a screenshot displaying she had been locked out of her emails. Several different customers reported experiencing the identical black-out.

Some wrote how Twitter employees spent their ultimate hours speaking on the company’s Slack (an inner business on the spot messaging app), sharing reminiscences whereas ready to listen to whether or not they would lose their jobs or not. 

Head of Safety and Integrity Yoel Roth posted his condolences to those that had been laid off – and is presently the one government member of Twitter employees to publicly acknowledge the layoffs.

He stated: ‘Tweeps: My DMs are always open to you. Tell me how I can help.’

Kushal Dave is likely one of the solely employees to say that he’s ‘happy’ to be laid off, however was fast to slam Musk for the way in which he performed his takeover – calling him ‘Voldemort’.

He stated: ‘Honestly happy to be laid off but the veil of Elon Musk is pierced. As messy as Twitter was pre-Elon, it is a veritable clowntown of politics and toadyism and psychological abuse now.

‘Afraid to get in my Tesla with what I learned this week. And extremely p***** for the people who were on the wrong side of Elon’s court intrigue.

‘This isn’t a game. Also just bad decision making as a business owner.’

Twitter had a worldwide workforce of some 7,500 employees on the finish of 2021.

Musk began his cull final week when he took over the company by firing former CEO Parag Agarwal in addition to high finance and authorized executives. 

Others, together with these sitting atop the company’s promoting, advertising, and human resources divisions, departed all through the previous week. 

The company stated its places of work will probably be briefly sealed and all employees badge entry will probably be suspended so as ‘to assist guarantee the protection of every worker in addition to Twitter techniques and buyer knowledge.’

Staff reported entry to their email and different communication software – resembling Slack – had been lower, with little or no warning. They additionally reported being remotely logged out of laptops, which had been wiped of knowledge.

Employees in London reported shedding entry in a single day, discovering they had been unable to log in on Friday morning.

Workers within the UK have been becoming a member of commerce unions in an effort to guard their employment rights after the mass cuts had been introduced.   

Mike Clancy, General Secretary of Prospect, a UK-based commerce union stated it has seen an inflow of sign-ups from Twitter employees over the past week. 

Clancy known as on the UK authorities to make sure that Twitter doesn’t grow to be a ‘digital P&O,’ referring to the ferry company that lower 800 jobs in March.

He stated: ‘Twitter is treating its folks appallingly. We are supporting our members at Twitter and will probably be working with them to defend them and their livelihoods.’

Prior to purchasing Twitter, Musk tweeted that the company below his possession ‘will probably be tremendous centered on hardcore software engineering, design, infosec & server {hardware}.’

Last week he lamented in a tweet that ‘there appear to be 10 folks ‘managing’ for each one individual coding.’

The layoffs, which had been lengthy anticipated, have chilled Twitter’s famously open company tradition that has been revered by its employees.

Shortly after the email landed in Twitter worker inboxes, a whole lot of individuals flooded the company’s Slack channels to say goodbye, two employees advised Reuters. Someone invited Musk to hitch the channel, the sources stated.

In an email, employees had been advised to ‘return house’ in the event that they had been in an office or on their technique to go to work. 

It acknowledged: ‘In an effort to put Twitter on a wholesome path, we are going to undergo the troublesome technique of decreasing our international workforce on Friday.

‘We acknowledge that this may impression quite a few people who’ve made useful contributions to Twitter, however this motion is sadly mandatory to make sure the company’s success transferring ahead.’

The email concluded acknowledging that it is going to be ‘an extremely difficult expertise to undergo’ for the workforce. 

Staff at Twitter’s places of work in Australia acquired the email at 1am on Saturday telling them whether or not or not they’ve been sacked.

British employees had been asleep when their laptops had been ‘remotely wiped’ and their entry to Slack and Gmail revoked, based on one staffer. 

Thousands of staff, who are describing themselves as ‘ex-Tweeps’ have taken to social media to share their ideas on the sackings.

Yash Agarwal, 25, posted an image of himself on the twitter places of work, including: ‘Just got laid off. Bird App, it was an absolute honour, the greatest privilege ever to be a part of this team, this culture.’

Rachel Bonn posted an image of her final day within the San Francisco office, saying: ‘Last Thursday in the SF office, really the last day Twitter was Twitter.

‘8 months pregnant and have a 9-month-old. Just got cut off from laptop access.’

The notification of layoffs caps off per week of high-level purges by Musk, as he demanded deep value cuts and imposed an aggressive new work ethic throughout the social media company.

Musk wavered all through his try to purchase Twitter on what number of positions he would eradicate, initially saying as many as 75 % of the company’s staff (5,625) could be lower, earlier than some studies advised it could truly be 25 % (1,875).

The 3,700 cuts quantity to about half the employees, and would see them observe out 5 high-level executives who’ve resigned previously week. 

The layoffs, which had been lengthy anticipated, have chilled Twitter’s famously open company tradition that has been revered by its employees.

Musk’s first week as Twitter’s proprietor has been marked by chaos and uncertainty. Two company-wide conferences had been scheduled, solely to be canceled mere hours later. 

Managers have been forbidden from calling staff conferences or speaking instantly with employees, one senior Twitter worker stated, including that they had been being monitored.

‘It seems like we’re working among the many Gestapo,’ the individual stated.

Musk has put in a gaggle of his loyalist buddies within the days after eradicating the highest executives at Twitter, surrounding himself along with his trusted internal circle.

He put his personal lawyer and tech buyers David Sacks and Jason Calacanis into the company, although it’s not clear precisely what their roles will probably be going ahead.

Alex Spiro, a trial legal professional, can also be a part of the staff and is known to have led the primary spherical of Twitter layoffs of the CEO and CFO.

Shortly after the email landed in Twitter employee inboxes, hundreds of people flooded the company's Slack channels to say goodbye. Twitter workers are seen above

Shortly after the email landed in Twitter worker inboxes, a whole lot of individuals flooded the company’s Slack channels to say goodbye. Twitter staff are seen above

Billionaire Elon Musk carries a sink into Twitter's head office in San Francisco as he buys the social media company

Billionaire Elon Musk carries a sink into Twitter’s head office in San Francisco as he buys the social media company 

Carmaker Audi and General Mills, the packaged-food titan behind Cheerios, have joined a growing list of companies halting their ad spending on Twitter under Elon Musk's ownership

Carmaker Audi and General Mills, the packaged-food titan behind Cheerios, have joined a rising listing of corporations halting their advert spending on Twitter below Elon Musk’s possession

General Mills, which makes Cheerios, Pillsbury and Häagen-Dazs, confirmed a pause, saying: ‘We will proceed to observe this new course and consider our advertising spend’

Twitter ‘loses greater than a MILLION customers’ since Elon Musk’s takeover

An information agency has discovered that Twitter might have lost over one million customers since new boss Elon Musk purchased the tech company for $44 billion, displaying that some customers have been suspended by the company and others might have deactivated out of protest.

The agency Bot Sentinel tracks inauthentic Twitter conduct by analyzing over 3.1 million accounts and their every day exercise.

Bot Sentinel believes roughly 877,000 accounts had been deactivated and one other 497,000 had been suspended between October 27 and November 1, greater than double the same old quantity.

Bouzy and Bot Sentinel got here up with the numbers after analyzing their proportion of customers and seeing what number of suspended or deactivated, after which making use of that to the full variety of Twitter customers.

Twitter presently has round 237 million ‘monetizable every day lively customers,’ based on the agency. The company couldn’t be reached for touch upon the story.

They discovered that round 0.59 % of the customers they monitor had suspended or deactivated, which indicated a 208 % improve in account losses in comparison with the times earlier than Musk bought the company.

Bouzy pointed to customers complaining about Musk’s takeover to clarify why many individuals might have logged off of Twitter for good.

‘We imagine the uptick in deactivations is a results of folks upset with Elon Musk buying Twitter and deciding to deactivate their accounts in protest,’ he stated.

He additionally stated he believes many accounts had been suspended partly as a result of they tried to check what hate speech is now permissible below the platform’s new management.

‘We additionally imagine the rise in suspensions is from Twitter taking motion on accounts purposely violating Twitter’s guidelines to see if they’ll push the bounds of free speech,’ he stated.

By Joseph Michalitsianos for DailyMail.com  

 

The internal circle is then accomplished with investor Sriram Krishnan, a former Twitter product chief, and Jared Birchall who heads up Musk’s household office.

Musk has additionally directed Twitter Inc’s groups to seek out as much as $1bn in annual infrastructure value financial savings, based on two sources accustomed to the matter and an inner Slack message.

Even as Musk cuts prices, he faces threats to Twitter’s income as a rising variety of corporations pause their promoting on the platform over issues about whether or not it’s going to stay ‘protected’ for manufacturers.

‘We have presently paused paid help on Twitter and can proceed to judge the scenario,’ an Audi spokesperson advised DailyMail.com on Thursday, one week after the completion of Musk’s $44 billion buyout. 

Likewise, a spokesperson for General Mills, which additionally makes Pillsbury, Betty Crocker, and Häagen-Dazs, confirmed a pause, saying: ‘We will proceed to observe this new course and consider our advertising spend.’

Carmakers seem particularly frightened about truthful therapy below Musk, who’s the CEO of rival Tesla, and final week General Motors introduced it had ‘briefly paused’ all paid promoting on Twitter. 

As properly, Oreo-maker Mondelez International and pharmaceutical big Pfizer have each paused their Twitter advert spending, based on a Wall Street Journal report citing folks accustomed to the matter.

Spokespersons for Mondelez and Pfizer didn’t instantly reply to requests for remark from DailyMail.com on Thursday night. 

Twitter has stopped responding to all press inquiries, apart from the few that Musk solutions by tweet. 

Musk final week promised advertisers he would maintain Twitter from turning right into a ‘free-for-all hellscape’ and is now scrambling to persuade advertisers that he’ll uphold the dedication.

Some advertisers have reportedly vowed to boycott Twitter for good if former president Donald Trump is allowed to return. Musk stated on Wednesday it could be a number of weeks earlier than a course of is in place to reinstate banned accounts. 

A media purchaser at one main advert company, who declined to be named for concern of reprisal, stated the company would meet with Musk this week to ask how the Tesla boss plans to deal with misinformation on the social media platform.

The purchaser additionally wished to understand how Musk’s pledge squared along with his personal actions, together with one tweet over the weekend that unfold a baseless conspiracy idea in regards to the assault in opposition to US House Speaker Nancy Pelosi’s husband Paul.

Other matters embody Musk’s plan to lift the price of Twitter’s subscription service and serve ‘half as many adverts,’ and who will function advertisers’ level of contact after a procession of senior executives, together with Twitter’s advert chief, left the company since he took over.

The advert businesses’ high shoppers are anticipated to hitch the meeting, the media purchaser stated.

After tweeting in 2019 about his dislike of promoting, Musk is now below strain to keep away from alienating the advertisers who contribute greater than 90 % of Twitter’s income. 

'We have currently paused paid support on Twitter and will continue to evaluate the situation,' an Audi spokesperson told DailyMail.com on Thursday

‘We have presently paused paid help on Twitter and can proceed to judge the scenario,’ an Audi spokesperson advised DailyMail.com on Thursday

Oreo-maker Mondelez International has additionally reportedly paused Twitter advert spending

 

Jason Calacanis, who is assisting Musk in his first week of ownership, tweeted on Monday that Twitter had a 'very productive day' of meetings with advertisers

Jason Calacanis, who’s aiding Musk in his first week of possession, tweeted on Monday that Twitter had a ‘very productive day’ of conferences with advertisers

Musk took to Twitter on Wednesday night with a poll asking users whether advertisers should support freedom of speech or 'political correctness'

Musk took to Twitter on Wednesday night time with a ballot asking customers whether or not advertisers ought to help freedom of speech or ‘political correctness’

Searches for ‘How to delete Twitter’ have surged by 500% previously week 

Google search engine knowledge suggests Twitter customers actually are leaving the platform in their droves now Elon Musk is the brand new proprietor. 

Experts at safety agency VPNOverview have used Google Trends to determine search will increase over the previous week since Musk’s $44 billion (£38 billion) takeover. 

Globally, searches for ‘How to delete Twitter’ surged by 500 per cent previously week, from October 24 to October 31, the agency discovered. 

Searches for ‘boycott Twitter’ are additionally up 4,800 per cent within the final seven days, from October 26 to November 2. 

It’s already recognized many Twitter customers are shedding followers attributable to accounts disappearing, probably attributable to deletion.

Deleting a Twitter account is definitely a ‘easy and straightforward course of’ that may be accomplished in a number of steps, VPNOverview says, though customers desirous to ‘disengage’ from the location mustn’t really feel compelled to take action. 

Naj Ahmed, a privateness skilled at VPNOverview, stated it is ‘unlikely’ that there will probably be speedy wholesale modifications at Twitter and that the takeover ‘does not imply an entire lot immediately’. 

‘Twitter’s not making an attempt to revolutionise the way in which folks talk, or disrupt an current trade, in contrast to most of Mr Musk’s current corporations,’ Ahmed stated. 

‘This is sort of completely different from most of Mr Musk’s portfolio, because it’s one of many few occasions that he is purchased a longtime company that is not making an attempt to push the boundaries of what is potential.’

By Jonathan Chadwick For Mailonlin

He is spending his first week as CEO in New York, with enterprise capitalist buddies becoming a member of him in conferences to reassure corporations that contribute greater than $5 billion yearly to Twitter.

Jason Calacanis, an angel investor and podcast host who’s aiding Musk in his first week of possession, tweeted on Monday that Twitter had a ‘very productive day’ of conferences with advertisers and entrepreneurs.

Another media purchaser who spoke with Reuters stated their company is not going to meet with Musk till he articulates a course for Twitter or offers a substantive replace on how the platform will serve advertisers.

Some shoppers have already begun to pause advert spending on Twitter this week, stated the second media purchaser, who declined to call the advertisers because the supply was not licensed to take action.

The purchaser stated some shoppers had already pulled out of Twitter because of the months-long chaos across the deal, and a few in response to issues about youngster sexual abuse materials on Twitter.

IPG, an promoting holding company that represents main shoppers together with Coca-Cola and American Express, has suggested shoppers to pause their Twitter adverts for the subsequent week, based on an individual accustomed to the matter. 

Even as Musk took conferences with main businesses and advertisers this week, he took to Twitter on Wednesday night time with a ballot asking customers whether or not advertisers ought to help freedom of speech or ‘political correctness.’ 

Of greater than two million votes, practically 80 % answered ‘freedom of speech.’

‘Those sort of provocations are not serving to to calm the waters,’ the media purchaser stated.

More entrepreneurs additionally took to LinkedIn to voice their issues about Musk’s takeover of the platform.

‘Unless Elon hires new leaders dedicated to maintaining this ‘free’ platform protected from hate speech, it is not a platform manufacturers can/ought to promote on,’ stated Allie Wassum, international director of social and built-in media for Jordan shoe model, which is owned by Nike, in a submit on Linkedin.

Wassum didn’t reply to a request for additional remark.

In addition to slicing Twitter employees, one other thought Musk has pitched is a cost for the platform’s iconic blue tick – the mark used to determine verified customers – claiming the transfer will finish the present ‘lords and peasants’ system.

The ‘badges’ may go dwell as quickly as Monday, Bloomberg reported, with present blue examine holders receiving a ‘grace interval’ of a number of months earlier than being pressured to both pay or lose the badge, which is as a verification mark for high-profile customers.

Musk’s touted transfer has been criticised by some, who say key customers of the platform create the content material that provides it worth. Others have stated earlier makes an attempt by corporations to monetise one thing beforehand free have seldom been profitable.

He initially advised $20 a month for verification however appeared to decrease the price after an alternate earlier this week with horror author Stephen King, the place he supplied him a reduction.

The billionaire is seeking to make good on his promise to make the social media platform flip a revenue by introducing a cost for Twitter customers wanting to maintain their verification badge.

Musk advised publishers who are ‘keen to work’ with Twitter will get a ‘paywall bypass’ and social media stars may also be getting a secondary heading like politicians. Content creators may also get rewarded by means of a income stream.

‘You get what you pay for,’ the father-of-eight tweeted on Wednesday. He additionally celebrated ‘being attacked by each the proper and left concurrently,’ calling it a ‘good signal.’  

But in an indication that the worth may not be a completed deal, Musk responded to a tweet from the writer of The Shining complaining in regards to the new cost.

‘$20 a month to maintain my blue examine? F*** that, they need to pay me,’ wrote King, who has 6.9 million followers. ‘If that will get instituted, I’m gone like Enron.’

The rise of Chief Twit: How Elon Musk seized management of Twitter in dramatic $44 BILLION takeover that sparked liberal meltdown and ends with HALF its 7,500 employees out of a job 

By Lewis Pennock 

Elon Musk’s $44 billion Twitter buy has been a takeover like no different – marked by U-turns, courtroom battles, weed jokes… and poo emojis.  

The unorthodox Tesla billionaire’s radical overhaul of the company begins immediately – seven months after the chaotic saga started.

Musk will hearth half of its 7,500 employees on Friday as he begins to comprehend his ‘grand vision’ for Twitter.

The company’s places of work in London, San Francisco and New York have been locked down – with employees passes suspended and work laptops deactivated – to attenuate the danger of disgruntled employees taking retaliatory motion.

The agency’s ‘Musk era’ started in April, when he turned its largest shareholder.

Seven months of chaos adopted. This is how the world’s most talked-about company takeover unfolded.

The seven-month saga has been one of the most talked-about takeovers in corporate history

The seven-month saga has been some of the talked-about takeovers in company historical past

Musk became Twitter's largest shareholder in April - sparking speculation he wanted to buy it

Musk turned Twitter’s largest shareholder in April – sparking hypothesis he wished to purchase it

April 4 – Musk turns into largest shareholder after shopping for $2.9 billion stack 

On April 4, Musk turned Twitter’s largest shareholder when he purchased a 9 % stake for $2.9 billion.

Days earlier, he had floated the thought of launching his personal social media web site – triggering hypothesis his stock buy was step one in the direction of a takeover.

At the time, the Tesla chief already had a fame for weird antics on the platform, not least by means of weird posts that damage (and helped) the stock value of his personal corporations.

The day after his share buy, the company stated Musk would be part of its board. 

Former Twitter CEO Parag Agrawal, who was given the boot days after the takeover, was ‘excited’.

Then, cue the chaos.

On April 11, Agrawal stated Musk wouldn’t be becoming a member of the board in any case. The about flip was the primary of many – and marked the start of a fractious relationship between the pair.

Ex-Twitter CEO Parag Agrawal was 'excited' by Musk's involvement. But the pair soon fell out.

Ex-Twitter CEO Parag Agrawal was ‘excited’ by Musk’s involvement. But the pair quickly fell out.

April 14 – Social media big not sure if weed-inspired provide is critical

Musk supplied to buy Twitter on April 14 for $54.20 per share (which valued the company at $44 billion).  

But Twitter wasn’t positive whether or not he was critical – partly as a result of he’d included a reference to marijuana in his provide.

The ‘420’ half was a nod to the code for smoking weed. To add to his weird joke, Musk filed paperwork associated to his provide on April 20 – abbreviated as 4/20.

A day after the bid, on April 15, Twitter’s board launched a so-called ‘poison pill’ technique that will make it tougher for Musk to takeover the company.

The tactic, formally referred to as a shareholder rights plan, would dilute anybody amassing a stake of greater than 15% within the company by promoting extra shares to different shareholders at a reduction.

Musk, pictured puffing a joint on Joe Rogan's podcast, included a weed reference in his offer

Musk, pictured puffing a joint on Joe Rogan’s podcast, included a weed reference in his provide

April 25 – Musk beats down Twitter’s ‘poison capsule’ and concern from woke employees 

Despite Twitter’s ‘poison pill’ and disquiet amongst employees, the board accepted the $54.20-a-share provide to take the company non-public on April 25.

Musk’s imaginative and prescient was changing into clear – sparking a lot concern in some liberal circles.

In a widely-shared assertion, he stated: ‘Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated.’

He additionally floated new options like ‘authenticating all humans’ and hinted Donald Trump could be unbanned. 

Liberals had been unnerved – some feared Twitter would grow to be a hub for sharing the right-wing views they discovered so distasteful. 

By May 5, Musk had secured $7 billion in further funding for the acquisition. 

Investors included a Saudi prince, Oracle founder Larry Ellison and cryptocurrency platform Binance.

The stock value was progressively rising as hungry buyers adopted the buyout with curiosity. 

May 13 – But Tesla CEO places deal on ice ‘briefly’ attributable to enormous variety of spambots 

On May 13, Musk tweeted that deal was ‘temporarily on hold’.

He was responding to a submitting purchase the company practically two weeks earlier that stated fewer than 5 % of its customers had been false or spam accounts.

Musk wished ‘details supporting the calculation’.

The billionaire said he was ‘still committed’ to the takeover – however his unorthodox method to the deal was changing into clear.

A number of days later, Twitter CEO Parag Agrawal wrote a prolonged, fastidiously thought-out thread on the location in regards to the company’s dedication to tackling spam.

Musk’s response? A poo emoji.

He additionally continued to publicly air his issues about bots on Twitter – and stated a ballot which discovered Agrawal ‘dishonest’ was ‘interesting’.

Musk put the Twitter deal on hold in May over concerns about the number of spam accounts

Musk put the Twitter deal on maintain in May over issues in regards to the variety of spam accounts 

Musk's response to former Twitter CEO Parag Agrawal's wrote a lengthy thread about spam

Musk’s response to former Twitter CEO Parag Agrawal’s wrote a prolonged thread about spam

 

June 6 – Elon calls within the legal professionals: Musk accuses Twitter of ‘materials breach’ over the deal and threatens to stroll away 

On June 6, Musk’s legal professionals accused Twitter of a ‘material breach’ of its obligations across the deal – and he threatened to stroll away from it completely.

A letter sent to Twitter’s chief authorized officer, Vijaya Gadde, reiterated Musk’s request for particulars on bot accounts – and stated the company was in a ‘clear material breach’ of its obligations by not offering him with the data.

The following week, on June 16, Musk met Twitter employees for the primary time and gave an internet handle which centered on freedom of speech.

He laid out ambitions to quadruple its consumer base to 1 billion and made lofty statements about how the platform may assist humanity ‘better understand the nature of the universe’.

Some employees had been unnerved by his imaginative and prescient to upend the company’s work at home coverage.

Musk's lawyers told Twitter's ex-legal chief Vijaya Gadde that it 'breached' buyout obligations

Musk’s legal professionals advised Twitter’s ex-legal chief Vijaya Gadde that it ‘breached’ buyout obligations

July 8 – Musk ‘terminates’ buyout attributable to variety of spambots on web site as authorized battle escalates 

The ongoing spat about spam accounts culminated on July 8 with Musk’s legal professionals saying he was ‘terminating’ the deal.

Musk additionally stated he was strolling away as a result of Twitter fired high-ranking executives and one-third of the expertise acquisition staff.

This breached Twitter’s obligation to ‘preserve substantially intact the material components of its current business organization’.

Twitter chairman Bret Taylor, who’s since been expunged, doubled down on the company’s dedication to ‘closing the transaction’ – and stated the board was assured it could win a courtroom struggle to ‘enforce’ the deal.

In July, Musk said the deal was terminated - and Twitter accused him of acting in bad faith

In July, Musk stated the deal was terminated – and Twitter accused him of performing in unhealthy religion

On July 12, the company lodged its lawsuit in Delaware, the place it’s integrated, and tore into Musk for ‘bad faith’.

They stated: ‘Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests.

‘Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away.’

Musk’s response? ‘Oh the irony lol,’ he tweeted.

Weeks later, Twitter blamed a fall in income on the chaos.

July 29 – Tesla chief launches countersuit – accusing Twitter of ‘misrepresentations’ about consumer numbers

 Musk accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company.

He claimed Twitter held again mandatory data and misled his staff in regards to the true measurement of its consumer base.

The countersuit alleged Twitter dedicated fraud, breach of contract and violation of a securities regulation in Texas, the place Musk lives.

Musk’s attorneys argued Twitter’s ‘misrepresentations or omissions’ distorted the company’s worth and triggered Musk to agree in April to purchase it at an inflated value.

They stated Twitter’s personal disclosures revealed that it has 65 million fewer ‘monetizable daily active users’, who might be proven digital adverts, than the 238 million that Twitter claims.

Judge Kathaleen McCormick oversaw the Musk versus Twitter legal battles in a Delaware court

Judge Kathaleen McCormick oversaw the Musk versus Twitter authorized battles in a Delaware courtroom

September 7 – Billionaire suffers courtroom setback as choose says delaying trial would ‘threat additional hurt to Twitter’

 On September 7, a choose dominated Musk couldn’t delay the approaching trial over his try and stroll away the $44 billion deal.

Chancellor Kathaleen McCormick of Delaware’s Court of Chancery stated permitting the case to pull on would ‘risk further harm to Twitter’.

Musk’s authorized staff had argued that justice demanded delaying the five-day trial it may examine claims by a whistleblower that Twitter hid weaknesses in its safety and knowledge privateness.

Musk threatened several times to scrap the Twitter deal over of the number of spam accounts

Musk threatened a number of occasions to scrap the Twitter deal over of the variety of spam accounts

October 4 – Musk U-turns and confirms he WILL push forward with $54.20-a-share provide

 Lawyers for Musk filed paperwork on October 4 that confirmed he was able to push forward with the $54.20-a-share provide first made in April.

But his provide was topic to an adjournment of the Delaware trial and the securing of debt financing.

The following day, Judge McCormick once more declined to postpone the trial – piling on strain to get the deal over the road.

In subsequent days, the authorized drama continues, as Musk’s legal professionals accused Twitter of ‘not taking yes for an answer’.

A submitting on October 13 additionally says Musk is below federal investigation over his dealing with of the takeover.

As the deal edged closer, Twitter staff grew concerned by Musk's plan to axe swathes of jobs

As the deal edged nearer, Twitter employees grew involved by Musk’s plan to axe swathes of jobs

October 26 – Musk confirms takeover is on with sink stunt at Twitter HQ: ‘Chief Twit… let that sink in’

After weeks of turmoil, Musk basically confirmed he’d closed the deal to purchase Twitter by sharing a video of himself carrying a sink into its San Francisco headquarters.

The world’s richest man captioned the clip: ”Entering Twitter HQ — let that sink in!’

He modified his Twitter profile’s location to ‘Twitter HQ’ and his biography to ‘Chief Twit’.

The pantomime gesture was simply two days forward of the court-ordered deadline to finish the $44 billion takeover.

Days earlier, particulars had emerged of his plan to fireside as much as 75 % of employees if the deal obtained over the road.

October 28 – It’s official: The deal is finished and Musk wastes no time wielding the axe 

Musk took possession of Twitter on October 28.

Within hours high executives had been fired and he tweeted: ‘The bird is freed.’

He instantly fired the CEO, chief monetary officer, head of authorized, and normal counsel.

November 4 – Judgement day as employees study who’ll be let go, with 3,700 anticipated to face the chop

Twitter employees brace for a jobs massacre with Musk set to cull 3,700 staff all over the world.

The cuts quantity to round half of the workforce, with employees on the social media big set to find their fates at 9am PST.

Those within the San Francisco constructing are anxiously ready for an email with the topic ‘Your Role at Twitter’ to drop into their inboxes by 9am immediately, whereas these in New York will discover out their fates at 12pm.

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