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Musk’s inner circle worked through weekend to cement Twitter layoff plans

washingtonpost.com

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Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#11

Post by nemo44x »

outside1234 wrote: post #3

Did Twitter file a California WARN notice? If not, they need to do so and give 60 day notice to workers in California. So, don't accept anything that doesn't preserve your rights to your Tuesday equity grant. Details here: https://edd.ca.gov/en/Jobs_and_Training/Layoff_Services_WARN Key Provision: "Layoff of 50 or more employees within a 30-day period regardless of % of workforce. ...." Penalties for Violation: "A po…

I think a couple months severance will cover it. That's usually how these types of things work.

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#12

Post by [deleted] »

lefstathiou wrote: post #6
outside1234 wrote: post #3

Did Twitter file a California WARN notice? If not, they need to do so and give 60 day notice to workers in California. So, don't accept anything that doesn't preserve your rights to your Tuesday equity grant. Details here: https://edd.ca.gov/en/Jobs_and_Training/Layoff_Services_WARN Key Provision: "Layoff of 50 or more employees within a 30-day period regardless of % of workforce. ...." Penalties for Violation: "A po…

Doesn't seem like an insurmountable obstacle. From some Googling: "Employers who fail to provide notification must provide their laid-off employees with back pay and benefits for the period of the violation (which means the amount of time by which their advance notice fell short of 60 days)." The value of ripping off the Band-Aid could easily be worth two months of severance in his mind.

[deleted]

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#14

Post by PragmaticPulp »

> Another person familiar with the deal who spoke on the condition of anonymity to discuss sensitive matters last week said the total number of layoffs is likely to be closer to 50 percent.

Unless I’m missing something, the only sources for this article are a mix of speculation and anonymous sources who can’t even agree with each other about the layoff.

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#15

Post by herodoturtle »

anamexis wrote: post #8
herodoturtle wrote: post #4

From the linked article: > The company has yet to release a formal announcement of the acquisition. The communications department has gone silent. Rumors have swirled about layoffs, with some notices going out quietly. Is it just me or is this headline totally misleading? No formal announcement yet folks.

Why is the headline misleading? You don't need a formal announcement for something to be news. Particularly since the formal announcement being referred to there is just the announcement that Twitter was acquired by Musk.

Sorry if I wasn't clear, I was referring to the HN title of this post:

"Twitter to lay off 25% of workforce in first round of job cuts"

I opened the article thinking this was a formal announcement. But it's nothing of the sort. It's just speculation at this stage.

Hope that clears things up.

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#16

Post by novaRom »

> a quarter of the staff totaling more than 7,000

> After engineers, some of Twitter’s highest paid employees work in sales, where several earn more than $300,000

that should reduce operating expenses significantly, several hundreds of millions dollars?

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#17

Post by yboris »

swozey wrote: post #9

Evidently Musk had Tweeps work all weekend on the new Verified feature lest they get fired, and some were fired "for cause" anyway. https://twitter.com/GergelyOrosz/status/1587029446061686784

How is it legal to demand people work on weekends?

How is it legal to (even threaten) firing if a new assigned task that takes a long time is not done on time?

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#18

Post by swader999 »

lefstathiou wrote: post #6
outside1234 wrote: post #3

Did Twitter file a California WARN notice? If not, they need to do so and give 60 day notice to workers in California. So, don't accept anything that doesn't preserve your rights to your Tuesday equity grant. Details here: https://edd.ca.gov/en/Jobs_and_Training/Layoff_Services_WARN Key Provision: "Layoff of 50 or more employees within a 30-day period regardless of % of workforce. ...." Penalties for Violation: "A po…

Doesn't seem like an insurmountable obstacle. From some Googling: "Employers who fail to provide notification must provide their laid-off employees with back pay and benefits for the period of the violation (which means the amount of time by which their advance notice fell short of 60 days)." The value of ripping off the Band-Aid could easily be worth two months of severance in his mind.

Especially with stock awards due.
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