{"id":38930,"date":"2022-11-04T06:16:18","date_gmt":"2022-11-04T10:16:18","guid":{"rendered":"http:\/\/angry.net\/blog2\/?p=38930"},"modified":"2022-11-04T06:16:18","modified_gmt":"2022-11-04T10:16:18","slug":"and-now-the-twitter-layoffs-begin","status":"publish","type":"post","link":"https:\/\/angry.net\/blog2\/?p=38930","title":{"rendered":"And now, the Twitter layoffs begin"},"content":{"rendered":"

Good day all. I\u2019ve been writing off and on about Elon Musk\u2019s takeover of Twitter. This includes the terminations<\/a>, (Sadly, without extreme prejudice), of the CEO, CFO, the General Counsel and the Chief Censor. There was also the great trolling<\/a> of the Mostly Stupid Media by a couple of pranksters who claimed to be Twitter employees who had just been laid off.<\/p>\n

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There was a rumor that once he took control, Elon Musk was going to lay off some 75% of the Twitter employees. This led to a bunch of the useless idiots to circulate a letter<\/a> internally demanding that Musk be nice to them and honor their safe spaces. Well, it looks like the hammer is about to fall and that upward of 50% of the staff are on the chopping block. Here are the details from the Daily Wire<\/b><\/a>:<\/p>\n

New Twitter CEO Elon Musk<\/a> is reportedly set to cut up to 50% of the work force at Twitter<\/a> after taking over the company late this week, and layoffs are expected to begin as soon as this weekend. <\/b><\/p>\n

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The New York Times reported<\/a> that Musk \u201cordered the cuts across the company, with some teams to be trimmed more than others,\u201d adding that \u201csome managers [were] being asked to draw up lists of employees to cut.\u201d<\/b><\/p>\n

I will be honest and say I don\u2019t envy those managers. I\u2019ve been through layoffs and when you know they are coming, it\u2019s terrifying. For the managers, it\u2019s worse because they may know a lot of the people working under them quite well. However, they also know who the \u201cWally\u2019s<\/a>\u201d and other deadwood are, and those are the ones who are going to be shown the door first.<\/p>\n

Ross Gerber, the chief executive of Gerber Kawasaki Wealth and Investment Management, said he was told by a top official from Musk\u2019s team that major layoffs were coming to the workforce of 7,500 people. <\/b><\/p>\n

\u201cI was told to expect somewhere around 50 percent of people will be laid off,\u201d Gerber said. <\/b><\/p>\n

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That is a massive cut in head count. It will be interesting to see what types are shown the door. I have a sneaking suspicion that the bunch of precious snowflakes who circulated that letter<\/a>, looking for signatures will be among the first out the door.<\/p>\n

The layoffs are reportedly set to happen before employees were scheduled to get stock grants as part of their compensation, the report added. <\/b><\/p>\n

I was wondering about that when I read it. Musk and his investors are taking Twitter private, so wouldn\u2019t that mean that the stock grants would be voided? It now occurs to me that these are not options, but actual grants of company stock in lieu of salary. They might actually be vested as soon as they\u2019re received and they can then turn around and sell them as part of the stockholders who will be bought out. If they are terminated just before they get them, I can see some potential legal issues. Well we shall see.<\/p>\n

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Musk began his new reign at the company by firing leftist CEO Parag Agrawal, CFO Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety, The Washington Post reported<\/a>. The report said Musk also fired the company\u2019s general counsel, Sean Edgett, who was escorted out of the building.<\/strong><\/p>\n

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Now, as to who might be on the chopping block, I have my opinions. First, those who keep the infrastructure running are critical to needs. Also the developers and coders who clean out bugs and create improvements to the back end code and front end GUI\u2019s. (Web and apps) Still, I see a bunch of coders being let go and told to learn to Dig Coal.<\/p>\n