Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Chaos, confusion reign ahead of Twitter layoffs

Published : , on

By Sheila Dang and Katie Paul

(Reuters) – Fear and dread spread across Twitter Inc offices on Thursday as 7,500 employees from San Francisco to Singapore feared for job cuts that were planned to hit about half of the staff, according to current and former employees and message board posts shared with Reuters.

Since billionaire Elon Musk took over last week, he has kept employees in the dark. He has not addressed the staff or laid out his plans for the future of the company, leaving workers to study message boards, news reports and tweets by Musk and his advisers for clues about their fate, multiple employees said.

Managers have been forbidden from calling team meetings or communicating directly with staff, one senior Twitter employee said, adding that they were being monitored.

“It feels like we’re working among the Gestapo,” they said.

Twitter did not immediately respond to a request for comment.

Employees have largely stopped posting on internal Slack channels for fear of reprisal from new bosses, with many instead taking to venting in encrypted messaging apps and the dedicated Twitter company channel on the app Blind, which provides a space for employees to share information anonymously.

“I’m really worried tweeps,” a Twitter staffer wrote Thursday on Blind, which verifies employees through their work email addresses. Twitter colleagues often refer to each other as “tweeps.”

The comment only scratched the surface of the dark and apprehensive mood inside the social media company now controlled by the Tesla Inc chief executive. Employees are waiting to hear if they will still have jobs on Friday, when layoffs are expected to begin, according to speculation among employees.

WAITING FOR THE AXE

Some Twitter employees have stopped taking calls or responding to emails from clients hounding them for information, because they did not know if they still had jobs, one employee told Reuters.

Others raced to meet deadlines by Friday U.S. time, when they expected the axe to fall, another employee said. One manager tweeted of a photo of herself sleeping on the floor of the office in a silver sleeping bag.

While some worried about annual bonuses or how they would be notified of layoffs, others rushed to apply for jobs at other companies. International employees fretted about the status of their visas. One employee sought advice on Blind on whether it was worth mentioning Twitter on their resume.

Employees who spoke with Reuters said they are learning about changes at their company by observing their work calendars and screenshots of discussion from managers, not from official communication from Musk or other leaders.

One employee confirmed that “days of rest,” which are highly popular company-wide days off, have been removed from calendars for the rest of the year.

“Give us the details,” a Google employee wrote in a Blind post directed at Twitter staff.

“It’s worse than everything you’re reading. Much worse,” answered a Twitter employee.

 

(Reporting by Sheila Dang in Dallas and Katie Paul in Palo Alto, Calif.; Additional reporting by Arriana McLymore in New York; Editing by Kenneth Li and Matthew Lewis)

 

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post