Twitter reportedly orders engineers to work 12 hrs a day to meet Elon Musk’s deadlines or get fired

The employees have been told to work long hours for 7 days a week, without discussing overtime pay or comp offs.

FPJ Web DeskUpdated: Wednesday, November 02, 2022, 10:33 AM IST
article-image
The top officials at Twitter are also quitting. |

Elon Musk’s decision to fire Twitter’s top execs including CEO Parag Agrawal immediately after taking over seemed like a bid to make a statement, but there was more to it. A New York Times report, later labelled false by Musk, claimed that he had sacked them to avoid payouts for stocks options which were supposed to be granted on November 1. Although Twitter has assured that employees will receive payouts for vested stocks, there may be more stress in store for those who won’t be sacked.

Unreal work hours and no respite

Reports have emerged that engineers at Twitter have received an ultimatum to work for 12 hours a day, seven days a week to meet the deadlines set by Musk. They can’t talk about comp offs or payment for the extra hours, instead they’ll have to slog it off just to avoid getting fired. Employees have till the first week of November to meet deadlines, including the rollout of Musk’s much talked about paid blue tick verification feature.

Top brass walks off even before layoffs

Musk has also reportedly threatened to trim the workforce by 50 per cent in order to ensure compliance with his orders, and about 2000 workers may be fired in the first phase of layoffs. Even before the staff faces job cuts, the entire board has been fired leaving Musk as the lone director, and top officials are also reported to have quit. Among them, Twitter’s ad boss Sarah Personette tweeted about her resignation, while diversity chief Dalana Brand announced her exit on LinkedIn.

Advertisers nervous

This is going to be a further blow for advertiser confidence in Twitter, at a time when top brands such as General Motors and Ford have pulled their ads back from the platform. Top advertising firm IPG has also advised its top clients including Coca-Cola and American Express to hold on and watch before proceeding with campaigns on Twitter.

Employees concerned over Musk’s history

Vested shares refer to stocks that give a stake in the firm to employees or founders leaving the company, mostly after retirement, to reward them. They receive 100 per cent rights to redeem these stock options over a particular period of time. Under Musk, Tesla has already faced lawsuits for firing people just before they received stock grants, and that’s why Twitter employees are spooked.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

ASK Group to raise $500 mn to invest in Indian firms in 3 years

ASK Group to raise $500 mn to invest in Indian firms in 3 years

Mumbai-based realty firm Macrotech to raise Rs 3,500 cr from institutional investors

Mumbai-based realty firm Macrotech to raise Rs 3,500 cr from institutional investors

Jindal Steel and Power acquires debt-laden firm for Rs 410 cr

Jindal Steel and Power acquires debt-laden firm for Rs 410 cr

Reliance General Insurance seeks Rs 600 cr from Anil Ambani's Reliance Capital

Reliance General Insurance seeks Rs 600 cr from Anil Ambani's Reliance Capital

IndusInd Bank partners with NBFC SV Credit Line as part of co-lending pact

IndusInd Bank partners with NBFC SV Credit Line as part of co-lending pact