Twitter is left without employees

Elon Musk wanted to fundamentally overhaul Twitter with massive savings.

Elon Musk wanted to fundamentally overhaul Twitter with massive savings. Now he's left without employees. Did the Tesla boss make a mistake?

Excitement about Elon Musk's Twitter takeover was limited outside the crypto space. From the Bitcoin, Ethereum, and especially Dogecoin fans, expectations were high. The self-proclaimed Memecoin fan and self-proclaimed "Dogefather" had publicly flirted for months with the possibility of after the takeover integrating crypto payments into the social network, by introducing DOGE tokens and a wallet. But in light of the current unrest at the company, which Musk says burns $4 million a day, these announcements are fading into the background.

Shortly after the Tesla boss on the day of the takeover with a sink joke took up residence at Twitter's headquarters in San Francisco, Musk began his massive restructuring, with the first move being to dismiss the company's top management. The top lawyer was escorted out of the building. A move that undoubtedly heated the employees' nerves. He also announced soon after that there would be large-scale job cuts.

Twitter: Elon Musk fires a large portion of the staff

Musk planned to cut 3,700 jobs a little over two weeks ago, and began immediately with executing his plan. The mass layoff was followed by a class action lawsuit. To avoid such a legal dilemma in the future, Elon Musk sent an email to the entire Twitter staff about a week ago, in which he gave employees an ultimatum: either click "Yes" and agree to work enormous hours, accumulate huge overtime, and enjoy extraordinary benefits for "Twitter 2.0" for the same pay — or click "No", leave the company, and receive a severance package of three months' salary.

The problem for Elon Musk: the vast majority chose the latter. As Futurism reports, the newly minted Twitter boss is now in panics because he did not expect this. George Orosz, a Silicon Valley developer closely tied to Twitter, said that so few developers fell for Musk's bluff that he is now desperately trying to stop them from leaving the company: "I’m not sure Elon realizes that unlike rocket scientists (who have relatively few options), developers with the experience to run Twitter have better options than the terms he’s laid out now."

And so the question remains whether Elon Musk can convince some of the developers who have thrown in the towel to stay. It still looks bad: as the BBC reported, Twitter’s headquarters have now closed due to mass layoffs, and staff can only enter on Monday. A Twitter employee, who wished to remain anonymous, told the BBC that fewer than 2,000 employees will remain on Monday. Before Musk’s takeover there were 7,500.