Elon Musk is continuing to change Twitter—he’s showing his strength as an innovator and weakness as a management leader.
Key Details
- After recently acquiring Twitter, Elon Musk has been making his mark on the company by sweeping it clean and starting fresh.
- He has fired everyone on the Twitter board along with other executives and even slashed 50% of Twitter’s workforce.
- Now he is making more changes to the company by eliminating the company’s rest days as well as ending all remote working.
Why it’s news
Elon Musk recently acquired Twitter for a large sum of $44 billion. In the days following his purchase he has made some big changes to the platform and some are saying he is pretty ruthless.
To start, Musk fired the Twitter board and made himself sole director. He followed up by dismissing other top executives from the company. He then fired around 3,700 employees from Twitter—cutting the workforce in half.
Musk has also made other decisions that are leaving the remaining employees unhappy. One being he has decided to get rid of company wide rest days.
Twitter previously allowed employees days of rest monthly to “rest and recharge” but Musk has decided to do away with them, according to Yahoo Finance writer Jing Pan.
Another change that has left employees unhappy is no more remote working. Twitter formerly had a “work from anywhere” policy where employees could work anywhere they felt comfortable, but still had the Twitter offices to use if they wanted.
Musk decided to forget about the policy and ordered workers back to the office.
Other Musk changes
Since acquiring Twitter Elon Musk has made many big changes to the company and is preparing for many more.
After the Twitter deal was finalized Musk began to immediately make his mark on the company by sending Tesla engineers to meet with Twitter product leaders to ensure everything was in place for his takeover.
He then fired Twitter CEO Parag Agrawal, CFO Ned Segal, and legal affairs and policy chief Vijaya Gadde. He also fired the entirety of the Twitter board and was named sole director of the company.
Musk claims to be “chief twit” but not CEO of Twitter.
He is now proposing ways to bring in revenue for the company and planning to make verified accounts on the platform pay a monthly fee for their blue check mark.
Musk has much more plans for the company and will continue to make changes in the coming weeks.
