Elon Musk emailed his remaining employees on Twitter Monday morning to tell them that, after another round of sudden layoffs over the weekend, those who remain will receive “very significant” stock awards based on the performance on March 24, according to an internal memo. obtained by the edge.
“Last week, we completed a difficult organizational review focused on improving future execution, using all the feedback we were able to gather from across the company,” Musk wrote, confirming that he has continued to lay off employees after telling them he would stop in November. 21 “Those who remain are highly regarded by those around them.”
The short memo, titled “Performance Awards,” is Musk’s first communication with Twitter employees since he fired hundreds of them without notice over the weekend, including several senior leaders and nearly the entire product team. (platforms Zoe Schiffer first tweeted about Monday’s memo.) The employees haven’t known exactly how Musk will compensate them for the stock awards they lost after he took Twitter private. In previous emails to them, he referred to the system he installed at SpaceX to allow employees to regularly sell private stock.
Musk has made it difficult for even those who remain to know the full extent of his cuts. The company’s internal directory remains offline and Musk terminated the ability of employees to use the company’s Slack last week. He then also disabled Google Chat for work emails, which is still disabled at press time. Current and former employees I’ve spoken with estimate the total number of Twitter employees to be well below 2,000 now compared to the roughly 7,500 employees when Musk took over.
This story is unfolding.
