Audio By Carbonatix
Elon Musk is done with layoffs at Twitter, at least for now, and has no intention of moving the company's headquarters from San Francisco.
Musk gave remaining Twitter employees tidbits of good news during an all-hands meeting on Monday at Twitter's San Francisco headquarters, according to two people present.
It's Musk's second such meeting since last week when he told workers that bankruptcy was not out of the question for Twitter and first floated his "extremely hardcore" work expectations.
Musk said during the meeting no more layoffs are "planned" to happen. It's the first time Musk has said waves of cuts to the company's headcount are over since he took control at the end of October.
Twitter's headcount of full-time employees prior to Musk's ownership was about 7,500 people. That number is now down to 2,300 people, according to a person familiar with the company's operations, after a mass layoff and a mass resignation.
The official headcount number could continue to change, however, as resignations continue to be accounted for internally, another person familiar with the company said.
One employee who made it through Musk's layoffs and a spate of firings of perceived critics said Musk's comments were met with "some relief." The meeting came after most employees worked through the weekend for Musk, who posted to Twitter pictures of an early Saturday morning "code review."
Now, Twitter may even start hiring again. Musk said during the meeting he is looking to bring in more engineers, according to one of the people present.
Layoffs and resignations have deeply impacted Twitter's engineering ranks, another person at the company said, estimating that as much as 50% of engineering is now gone. Musk on Friday made an urgent call for "anyone" left at Twitter who could write software to meet with him.
Engineers who remain with the company are continuing to reach out to coworkers who were laid off or resigned asking them if they're interested in returning to the company because some teams do not have enough people, a current employee said.
Musk also said during the meeting he "does not intend" to move Twitter's headquarters to Texas from San Francisco.
Such a move has been speculated on since Musk's other companies, including Tesla and SpaceX, have moved operations there. Musk and some of his younger children and their mothers also live in the state.
Twitter employees were also told that part of their future compensation plans under Musk will include stock grants and be offered and paid out as they are with employees at SpaceX.
Although private, that company allows employees to sell grants of stock through private tender offers.
Latest Stories
-
Teacher unions reject government plea, vow to stay home until salaries reflect on payslips
6 minutes -
Passengers decry non-uniform charges after 8% transport fare increase
12 minutes -
IDP Foundation partners with Opportunity International to expand the Rising Schools Program to Northern Ghana
14 minutes -
We Should Say No to Floating Nuclear Reactors, and Yes to Patience
21 minutes -
33-year-old phone dealer murder investigation reveals fight, burnt body and sale of iPhone 12
22 minutes -
You can’t build a winning team if you change every call-up – Carlos Quieroz
26 minutes -
Teachers’ strike: All outstanding issues to be addressed at meeting – Education Ministry assures
28 minutes -
AFCON 2027Q: ‘I was not happy that Ghana lost to Côte d’Ivoire’ – Carlos Queiroz
36 minutes -
GPL Matchweek: Aduana’s Osei Kufuor, 8 others win TV sets as NASCO Men of the Match
37 minutes -
Ghana urged to harness AI to transform tourism
39 minutes -
Four killed in Accra-Kumasi Highway crash at Anyinasin Junction
40 minutes -
Jetour set for wider presence in Ghana as Swiss Group plans more showrooms and workshops
41 minutes -
Tinting front windscreens is illegal – ACP Alexander warns motorists
47 minutes -
Your HR Department already has the answer. The problem is finding it
48 minutes -
AFCON 2027Q:‘Qualifying for one or two tournaments is not a sign of success’ – Carlos Queiroz
51 minutes