Last Updated on 11/24/2022 by てんしょく飯
How can he do such inhumane things? How can he be so inhumane? He is so preoccupied with money that he has lost the heart of humanity.
The anger was expressed by an employee of Twitter, Inc. who was suddenly fired. Ask CEO Elon Musk, 51, who is facing the brunt of it. ……
Half of all 7,500 employees were laid off.
Elon Musk, founder of the electric car company Tesla and the space company SpaceX, is ranked No. 1 in the world.
In April, he announced his intention to acquire Twitter, and the proposal was temporarily agreed upon. However, negotiations over the acquisition of Twitter fell through due to the lack of actual accounts and spam. Mr. Musk gave notice of withdrawal of the acquisition. The two sides engaged in a legal battle, and the acquisition deal was finally completed with Mr. Musk making a compromise. The acquisition value is $44 billion (approximately 6.4 trillion yen).”
After assuming the position of CEO, Mr. Musk initiated organizational reforms.
He dismissed all nine directors. He also effectively admitted that he had laid off half of the company’s 7,500 employees.
The next morning, there would be layoffs.”
The employee at the beginning of the story says he was working in the San Francisco office.
On the night of November 3, I received an e-mail that said, ‘There will be layoffs the next morning. If you were laid off, you would be contacted at your private email, and if you were not eligible, you would be contacted at your company email. Immediately after that, our internal tools stopped working altogether.”
Mass layoffs also occurred at the Japanese subsidiary.
We were notified that the layoffs would take place around 9:00 a.m. on November 4. I had heard in the press before the acquisition that there would be mass layoffs, and I was prepared for it. I thought it was just a matter of scale.
Around 4:00 p.m. on the same day, an e-mail arrived informing them of the results.
It said, “Employees who continue employment are ‘not subject to dismissal,’ and employees to be dismissed were told in a private e-mail. There was no sender’s name, and at the end of the text was just the word ‘Twitter. Employees in the public relations and marketing departments are targeted. The restructured employees were not allowed into the office and were locked out. He said that his personal belongings in the company would be mailed to him later by the person in charge. We need to restructure our staff, but this approach is wrong.”
I sent him a question, and he replied in person.
The company has been losing money almost constantly since it went public in 2001. The company relies on advertising revenues for about 90% of its sales, but after Mr. Musk took office, U.S. food giant General Mills, Volkswagen, and other large companies have temporarily suspended advertising placements.
On the other hand, Japan is indispensable to the company. With 330 million monthly users worldwide, Japan has 45 million users, the second largest in the world after the United States. However, Reiko Nagatsuma, president of the Japanese subsidiary, has yet to provide any explanation to employees.
When we sent a question to Mr. Musk, who says he responds to e-mails from employees in a friendly manner, under the name ” Weekly Bunshun,” we received a reply from the man himself!
The only way for Twitter to survive
–Mass layoffs are a hot topic in Japan. Whether it is legal or not is also being debated. Was the decision right?
With the current number of employees, Twitter will go bankrupt. Losses amount to more than $4 million (about 590 million yen) every day. Advertising revenue has dropped dramatically and continues to drop. Meanwhile, the number of employees has roughly doubled from two years ago. Increasing the number of paying users is our only way to survive.”
–Thanks for the reply. The Japanese love Twitter very much.
You are welcome. We are going to face tough times. What can we do to improve Twitter Japan?
The email ended with a question to the journalist: “What can we do to improve Twitter Japan? Mr. Musk was not a “happy blue bird” for the employees. It seems that he has not yet decided where he will go.