A series of Twitter employees quit because of Elon Musk

Two months after announcing his intention to acquire Twitter for $44 billion, Elon Musk held an online meeting with Twitter employees. At the conversation on June 16, CEO Telsa answered employees’ questions about the acquisition, as well as mentioned the intention to reduce staff at the company.

The billionaire’s shares disappointed many employees. Within three weeks, nearly 100 Twitter employees had submitted their resignations, an insider said.

This wave continues to flare up in the context of the legal battle between Elon Musk and Twitter becoming tense after the billionaire said he wanted to cancel the deal with the social networking platform. Many employees cited Elon Musk and the “uncertainty” of the deal as reasons for leaving.

As of September, Twitter has lost more than 700 full-time employees around the world. This number is likely to increase sharply before the acquisition is completed, a company spokesman said.

A Twitter spokesperson said that this happened even before Elon Musk asked to buy the company, and confirmed that the recent economic slowdown had affected the recruitment and retention of employees of the company. company.

Previously, Twitter’s employee count was estimated at 7,500 in February and 8,200 in June, after the company actively recruited new employees in the second quarter of this year. However, currently, the number of employees leaving is almost equal to the number of new hires, when the company loses about 9% of its workforce. In particular, there are teams that have lost up to 1/3 of their personnel, seriously affecting the work progress.

“ We see the terrible consequences of this wave, ” said one employee still working at Twitter.

Even during the trial of the lawsuit with Elon Musk, Twitter cited this issue as one of the heavy consequences against the billionaire’s request to cancel the deal.

In early August, this trend continued to explode, because this is the time when employees are entitled to shares under labor contracts. According to an insider who shared with Business Insider , 300 employees left the company in the late-July-mid-August period, and another 200 left the company after this period.

According to LinkedIn, Twitter began restricting new hires in May and laid off a series of employees in July, but has hired 280 new employees since June. Although the situation was anticipated. Employees will “turn away” because of Elon Musk, Twitter leadership said they did not expect so many people to leave.

A former Twitter employee said, “ Everyone (in the company) is in a bad mood. I’m sure, employees have started leaving because of Elon Musk .”

In the last week, Twitter has posted a variety of job vacancies on LinkedIn, ranging from brand strategy and technical managers to security specialists.