inDifficult Days for Twitter’s Staff Amid Elon Musk’s Vision

Elon Musk cut massive staff and took major decisions.
Another player Mastodon comes into the picture.
If the problems are not, the company can go bankrupt.

Owner’s Ambitious Plan

More than a couple of weeks after Elon Musk acquired Twitter, he rapidly took many bold decisions in order to compete aggressively with economic downturns. His ultimatum to employees to serve for “long hours” followed by the office closures and mass exit of staff is in the news.

Soon Elon Musk closed the Twitter deal for $44 billion, he fired the CEO Parag Agrawal, CFO Ned Segal and Head of Legal and Policy Vijaya Gadde. Gadde was the one who acted upon banning Former US President Donald Trump’s Twitter Account.

Few days ago, Twitter Inc. was sued due to Elon Musk’s decision to cut off over 3,700 jobs without providing any notice. This comes under the violation of Federal and California Law. Also, as per the Federal Worker Adjustment and Retraining Notification Act does not allow large sized companies to mass layoffs unless any notice is given prior 60 days.

The firm which tracks inauthentic behavior on the platform, Bot Sentinel, inspecting the daily activity of over 3 million accounts found that approximately 877,000 accounts were deactivated and estimated half a million accounts get suspended between a time period of October 27 to November 1, soon after Elon Musk purchase of the company.

After noting down the negative cash flows of several billion dollars. Elon Musk stated to employees that “bankruptcy isn’t out of the question.” He said that this time is very crucial in aspects of a company’s financial situation. The microblogging social media platform can also face a ‘bank run’ position if it doesn’t start generating cash.

Rapid Change & Chaos

Elon Musk discussed the difficult times ahead, allowed no remote work, no free food and strict 80 hours workweeks. On his warning to staff in an email to the hardcore vision of making Twitter the most accurate source of information about the world. As per the sources, almost 42% of the staff decides to exit.

The offices will be closed until Monday and no one is allowed to discuss any confidential information of the company as per the policy. Also,users are looking for other alternatives. Mastodon, which is a free open-source decentralized platform, almost similar to Twitter in terms of microblogging features.

Tesla investors are upset with Elon Musk due to his “over involvement” in Twitter. Former CEO Jack Dorsey and Twitter current owner also argued over the platform’s vision and the “Birdwatch” feature. Also, the former CEO refused to serve the organization. Musk in return replied that he wants someone else to run it.