The microblogging site has been in constant headlines ever since the world’s richest man Elon Musk bought Twitter. After the recent mass retrenchment, hundreds of employees have now given mass resignations in Twitter. The company has suffered a major setback due to the simultaneous resignation of the employees. Let us tell you why such a large number of employees have resigned? And how are Musk’s decisions backfiring?
Reason for mass resignation? Twitter’s new boss Elon Musk had talked about major changes in the company since the acquisition. He ordered the employees to work more or quit. For this, he had also fixed the deadline till 5 pm (American time) on Thursday. Hundreds of employees resigned before that.
What did Musk order? After the layoffs, on Wednesday, calling for the creation of ‘Twitter 2.0’, Musk asked the employees to either express their commitment to the company or leave the company. For this, he had given 36 hours to the employees. Along with this, he had said that those who will leave the company will be given severance pay for three months.
Cost Cutting: Musk has presented his decision as ‘making Twitter more competitive’. Along with this, it is being said that this will also help the company in cost cutting.
What will Musk do now? According to reports, 7 percent of Twitter employees agreed to this condition of Elon Musk and replied Yes on the late night e-mail. While 25 percent of the employees decided to resign. Meanwhile, there are also reports that Musk has also tried to persuade some employees. Will the work not be affected by the departure of the employees?
The big question: After layoffs and mass resignations, the biggest question is will Twitter continue to operate as effectively as before? According to The New York Times report, Musk has hired some engineers and managers from his other companies such as electric automaker Tesla. Many of them are working to further accelerate the social media service.
Many challenges before Twitter: Along with internal challenges, Twitter is also facing external challenges. According to The New York Times report, on Thursday seven Democratic senators have asked the Federal Trade Commission to investigate whether the company has violated consumer privacy agreements since Musk took office. Let us tell you that after the acquisition of Twitter, Musk had made some changes in the data security policy. After which the security officers of Twitter had resigned.
The MPs wrote, ‘notification of internal reviews and data security policy changes in Twitter’ has put consumers ‘at risk’.
Jeff Seibert, Twitter’s former head of consumer products, described the company’s situation as “sad” and “disappointing”. He said Musk’s leadership has created ‘confusion’ among users, advertisers and employees.
Elon Musk’s decisions that backfired
After the resignation of hundreds of employees from Twitter, now news is coming that Musk is busy in persuading the employees. This is not the first time that Musk has had to withdraw his decision. Even before this, he has reversed many times. Now let us tell you about some of his decisions for which he had to take a U-turn.
Suspense about Twitter deal: Musk first announced to buy Twitter. After this he put the deal on hold. Later he wanted to cancel the deal. Then he surprised everyone by acquiring Twitter.
First fired employees, then called: According to Bloomberg’s report, Elon Musk fired half of the company’s employees after the acquisition, after which dozens of employees were called back, withdrawing this decision.
Paid Blue Tick: After the arrival of Elon Musk, Twitter saw the subscription model as the biggest change. Musk has clearly said that now users will have to pay US $ 8 per month for blue tick or verification. Twitter has also started this service in many countries. However, his decision was also criticized a lot and in the end Musk had to change his decision as well and for now the paid blue tick service was stopped.
U-turn on official badges: On November 8, Twitter introduced an ‘Official Label’ for select verified accounts, including those of major media outlets and governments. Just a day later, on November 9, Musk tweeted that he had put the new ‘official label’ on hold for Twitter accounts for the time being.