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☆ Twitter will let government accounts keep their blue ticks for free under Elon Musk's new paid verification plans, report says
  + stars: | 2022-11-03 | by ( Pete Syme | ) www.businessinsider.com   time to read: +3 min
Government accounts will not have to pay Twitter's new $8 verification fee, Bloomberg reports. One of Elon Musk's first moves as Twitter's owner has been to draw up plans for paid verification. Many governments around the world have hundreds of verified Twitter accounts across numerous departments, and paying for all those accounts to stay verified could prove expensive, possibly placing an additional — admittedly small — burden on taxpayers. Elon Musk's plan to let anybody have the verification symbol for payment is expected to come into action next week. The verification fee is one of Musk's many plans to change things up at the company.
☆ Elon Musk's Twitter has identified thousands of employees who will be laid off, representing about 50% of the company's workforce
  + stars: | 2022-11-03 | by ( Kali Hays | ) www.businessinsider.com   time to read: +2 min
The company has a list of thousands of employees who will be let go. Musk bought Twitter last week for $44 billion. Stack ranking of workers, a type of performance review, has been going on since shortly after Musk formally acquired Twitter last week, as Insider reported. Those lists were then sent to Musk and his transition team, including his personal lawyer Alex Spiro, as Insider reported. Contact Kali Hays at khays@insider.com, on secure messaging app Signal at 949-280-0267, or through Twitter DM at @hayskali.
☆ 'TrumpIsDead' is trending on Twitter after a verified user apparently decided to test moderation of the platform under Elon Musk's reign
  + stars: | 2022-11-02 | by ( Kali Hays | ) www.businessinsider.com   time to read: +3 min
A comedian intentionally started the claim, in what could be a test for Elon Musk. Musk's handling of moderation on the platform has quickly become an issue under his leadership. Within an hour, Heidecker's tweets had amassed close more than 20,000 likes, thousands of retweets and #TrumpIsDead began trending on Twitter on Tuesday. —Tim Heidecker: Sole Host of On Cinema (@timheidecker) November 1, 2022Twitter and Musk did not respond to a request for comment. Contact Kali Hays at khays@insider.com, on secure messaging app Signal at 949-280-0267, or through Twitter DM at @hayskali.
☆ At Elon Musk's Twitter, a leaked memo shows engineers are being told to work with 'maniacal' energy and pitch ideas to the tech billionaire directly
  + stars: | 2022-11-01 | by ( Kali Hays | Katherine Long | ) www.businessinsider.com   time to read: +3 min
In a note to staff, a director urged "maniacal" work and a willingness to suggest ideas to Musk. Engineers were also told to reach out to Musk directly with "cool product" pitches for the platform. Engineers now working for Elon Musk at Twitter are being urged to work hard and bring their ideas for the platform to him directly. The worst case scenario in pitching Musk is being "asked to stop work and work on something else." "Engineers/XFN partners who can get stuff done are the most important people at the company," the director added.
☆ Elon Musk has already cut a number of high-ranking Twitter managers, as employees await word on layoffs
  + stars: | 2022-11-01 | by ( Kali Hays | ) www.businessinsider.com   time to read: +4 min
As Elon Musk and his transition team at Twitter have compiled lists of which employees should be let go en masse, a trickle of cuts has begun, Twitter employees tell Insider. Another characterized the silence Twitter workers have been met with since Musk took over as "bullshit." Among them are Nick Caldwell, general manager of Twitter, who two employees told Insider was away from work dealing with the sudden death of his wife. At least two mid-managers in product and engineering were also let go late on Sunday and did not receive severance, the employees told Insider. Are you a Twitter employee or someone with insight to share?
☆ Twitter under Elon Musk has promised employees that their stock will vest on schedule and to expect a payout soon
  + stars: | 2022-11-01 | by ( Kali Hays | ) www.businessinsider.com   time to read: +2 min
Musk appears to be readying payouts of vested employee stock as he is contractually obligated to do. Under the terms of his deal to buy Twitter, Musk cannot change the vesting schedule for one year. Elon Musk appeared to be making good on a scheduled payout of their stock in the company. Since Twitter is now a private company, controlled by Musk, employee shares are set to continue to vest but be paid out automatically in cash. Are you a Twitter employee or someone with insight to share?
☆ Jack Dorsey just saved Elon Musk about $1 billion by rolling over his shares of Twitter into a stake in the new private company
  + stars: | 2022-10-31 | by ( Kali Hays | ) www.businessinsider.com   time to read: +2 min
Dorsey rolled over his Twitter shares on Oct. 27, the same day Musk's acquisition was finalized. The value of Dorsey's roughly 18 million shares is a little over $1 billion, according to the filing. Although it was rumored Dorsey would invest in Musk's takeover of Twitter, he had yet to confirm any plans to do so or rollover his shares. According to the filing, Dorsey agreed to the rollover back in April, when Musk signed the merger agreement with Twitter. Dorsey formally rolled his shares on Thursday, the same day Musk officially became the owner of Twitter.
☆ This is what it's like to toil at Elon Musk's Twitter: 'The expectation is literally to work 24/7.'
  + stars: | 2022-10-31 | by ( Kali Hays | ) www.businessinsider.com   time to read: +2 min
Ordering changes to verification, Musk has given teams five days to deliver. "The expectation is literally to work 24/7 to get this out," employees told in an internal message. Elon Musk is expecting Twitter employees to work around the clock to make changes he'd like to see on the platform. Among the first changes Musk is demanding is to the verification process at Twitter, which he has owned since Thursday evening. While work has started on "Blue Verified," employees are also expecting "aggressive" layoffs to begin on Monday, as Insider reported.
☆ Elon Musk's biographer, who was shadowing him, 'wouldn't be surprised' to see future lawsuits following 'contentious' conversations on the night the Twitter deal closed
  + stars: | 2022-10-31 | by ( Grace Kay | ) www.businessinsider.com   time to read: +3 min
Walter Isaacson said he "would not be surprised" if Elon Musk faced more lawsuits over Twitter. The biographer said the day the deal closed it was "quite contentious" in Twitter's headquarters. The biographer shadowed Musk over the past week as the billionaire followed through with his plans to buy Twitter. Within moments of taking over Twitter, Musk fired four top executives at the company, including former Twitter CEO Parag Agrawal and CFO Ned Segal. "It's not as if the Twitter executives are bringing down bottles of champagne, and it became through the evening quite contentious."
☆ Twitter's Hunger Games: Elon Musk oversees a weekend of coding sprints, stack ranking, and boot-licking as some employees fight to keep their jobs.
  + stars: | 2022-10-30 | by ( Kali Hays | ) www.businessinsider.com   time to read: +6 min
Several Musk allies have been added to a company directory, with Musk being named CEO internally. Elon Musk put Twitter employees to the test this weekend to see who is capable, and willing, of surviving under his new reign. Musk has a 16 year old son, Saxon James Musk, whom he frequently mentions on Twitter, although the Twitter workers have yet to see any confirmation that James Musk is of any relation to their new owner. "This is it," one of the people familiar said, describing the feeling at the company under Musk. Many engineers were tasked over the weekend with "sprints," set periods of time for coding work to be done.
☆ Inside Elon Musk's first day as leader of Twitter: Cancelled meetings, fake layoffs, orders to print out code, and a team of Musk advisers camped out in a separate part of the company's HQ.
  + stars: | 2022-10-29 | by ( Kali Hays | ) www.businessinsider.com   time to read: +5 min
Twitter employees predicted chaos after Elon Musk took over the company. Musk entered Twitter's San Francisco HQ carrying a bathroom sink, a joke about his ownership "sinking in." Meanwhile, engineers from Tesla were in Twitter's San Francisco office, some meeting individually with Twitter engineers, asking them about their work and some technical aspects of the platform. Musk worked on Friday at Twitter's San Francisco HQ with a small team he brought in to assist him in taking over the operations, people familiar with the matter said. Later in the day, he said "comedy is now legal on Twitter" and then separately tweeted an apparent joke about the two men who faked being laid off Twitter engineers.
☆ Elon Musk names himself CEO of Twitter on internal company profiles
  + stars: | 2022-10-29 | by ( Kali Hays | ) www.businessinsider.com   time to read: +1 min
As of Saturday afternoon, Musk has been set up under internal profiles at Twitter, including a company directory and Slack, with the CEO title, two people familiar with the changes told Insider. A few days before the deal closed, Musk changed his Twitter bio to read only "Chief Twit." He told employees during a meeting in June that he expected to be the leader of Twitter, but said the title of CEO was not important to him. Since taking over Twitter, Musk has met employees with silence. Meanwhile, he and his personal team of executives and assistants have gone about transitioning operations to Musk's control and planning layoffs, as Insider reported.
☆ Twitter team leaders and VPs have compiled lists for Elon Musk of who to keep based on performance evaluations. Employees expect layoffs to begin very soon.
  + stars: | 2022-10-29 | by ( Kali Hays | ) www.businessinsider.com   time to read: +3 min
Musk formally acquired Twitter late Thursday and has yet to address his new staff. He and his transition team are said to be planning "aggressive" layoffs, likely to begin very soon. Twitter employees expect Elon Musk to begin layoffs very soon because performance evaluations and code reviews have been progressing swiftly inside the company. The billionaire closed on his deal to acquire Twitter late Thursday. Team leaders and vice presidents at Twitter started stack ranking employees late Friday, two people familiar with the process told Insider.
☆ Elon Musk tweeted 'let the good times roll' after buying Twitter. His first day instead saw heads roll, emboldened trolls, and inspired hoaxes.
  + stars: | 2022-10-29 | by ( Travis Clark | ) www.businessinsider.com   time to read: +4 min
Twitter staffers feared mass layoffs after Musk fired several top execs. It also didn't take long for speculation to begin about possible layoffs at the company — and for far-right trolls to celebrate with racist tweets. The world's richest man and Tesla CEO tweeted "let the good times roll" on Friday, his first full day as Twitter owner. Needless to say, the first day of Twitter's Musk rule was chaotic. Musk didn't rein in far-right response, nor were fears of mass layoffs tempered within the company.
☆ Elon Musk is now officially Twitter's new owner, ending months of costly litigation
  + stars: | 2022-10-28 | by ( Kali Hays | Grace Kay | ) www.businessinsider.com   time to read: +3 min
Twitter and Musk fought for months over his attempt to back out of the acquisition. A Delaware judge gave the two parties an October 28 deadline to come to a deal outside of court. Musk made a U-turn on the offer in October, after spending months trying to pull out of the agreement. Representatives for Twitter and Musk did not immediately respond to Insider's request for comment. Twitter promptly sued him in Delaware Court of Chancer.
☆ On Elon Musk's first day in charge of Twitter, he's already cutting jobs. Executives were first, but employees are arguing and speculating over whether broader layoffs are happening, too.
  + stars: | 2022-10-28 | by ( Kali Hays | ) www.businessinsider.com   time to read: +2 min
On Friday morning, workers speculated about broader layoffs and argued over Slack whether job cuts are happening or not, people familiar with the situation told Insider. A video from Reuters Live showing people leaving Twitter's San Francisco office and saying they were laid off Twitter engineers. Twitter workers went back and forth on the company Slack about whether layoffs were happening. One worker speculated that changes in access at another Twitter office meant that layoffs were real. Another speculated that since workers in another office had been allowed to continue using lockers, layoffs were not happening, according to screenshots seen by Insider.
☆ Sometimes it pays to get fired. Twitter's top executives stand to make a total of $88 million between them if Elon Musk ousts them. Here's the payday for each executive.
  + stars: | 2022-10-28 | by ( Kali Hays | ) www.businessinsider.com   time to read: +2 min
Elon Musk is expected to make significant changes to Twitter's ranks, and layoffs are likely. Each will receive a large payday should they be fired by Musk. Getting fired by Musk will likely give the executives some of the largest payouts they've ever seen. Ned Segal, Twitter's chief financial officer, is set to receive a $25.4 million payout for getting fired. In the months between Musk taking a large investor stake in the company and becoming its new owner, Twitter's executives have remained largely silent in public.
☆ Young Silicon Valley workers are in for a rude awakening as industry giants make major job cuts and ditch ambitious projects for the first time in their careers
  + stars: | 2022-10-27 | by ( Samantha Delouya | Kali Hays | ) www.businessinsider.com   time to read: +4 min
Workers now fear layoffs after tech companies that hired thousands of workers with high pay face a slowing economy. For years, Big Tech companies have competed on pay and perks to lure workers in a tight labor market. It's a first for many tech workers, an entire generation of whom have known nothing but non-stop growth and a bull market. Earlier, the company told managers not to approve employee travel and team offsites unless they are "business critical." Younger tech workers don't just have to fear losing perks.
☆ Meta's successive quarters of dismal earnings show just how much of a chokehold Apple has on Facebook. All signs suggest it's going to keep squeezing harder.
  + stars: | 2022-10-27 | by ( Lara O'Reilly | Kali Hays | ) www.businessinsider.com   time to read: +6 min
Apple this week updated its terms to require Meta cede 30% of the sales of some ads to the iPhone maker. The company posted its second successive quarter of revenue decline and again pointed to Apple as a major culprit. And just this week, Apple revised its App Store Review Guidelines. "Apple previously said it didn't take a share of developer advertising revenue, and now apparently changed its mind." To be sure, Apple's ad revenue is currently largely derived from search ads within its App Store, which don't necessarily directly compete with Meta's social ads.
☆ ‘Quiet layoffs’ are growing across Big Tech, benefiting the image and bottom line of major companies while hurting workers
  + stars: | 2022-10-27 | by ( Kali Hays | Diamond Naga Siu | ) www.businessinsider.com   time to read: +6 min
Tech companies of all sizes are facing the brunt of a volatile economy, impacting their stability. Tech companies are having a tumultuous time. "There is nothing that prohibits an employer from doing mass PIPs or letting people go," Rella said. Using workers' performance, and setting new standards for them to be judged on, like what is happening inside Facebook, is workers bearing the brunt of mismanagement. Yet, mass PIPs are ultimately an improper usage of a management tool that should be prefaced with feedback and coaching, said Cooney of Bambee.
☆ Why is Mark Zuckerberg so obsessed with building the metaverse? It has a lot to do with Apple.
  + stars: | 2022-10-27 | by ( Kali Hays | ) www.businessinsider.com   time to read: +5 min
It proved a huge blow to ad-dependant social platforms, Facebook top among them, which said it lost $10 billion because of the change. Zuckerberg insisted that "fortifying" Facebook's business against the likes of Apple is not the only reason he's investing heavily in building the metaverse. Zuckerberg sees four platforms in Facebook's futureRight now, the metaverse stack as Zuckerberg envisions it is based on "four major platforms" being developed. The first is Horizon Worlds, with user avatars making it more akin to a "social metaverse platform," he said. Zuckerberg seems keen to give Apple a taste of its own medicineBeyond trying to give his company a path away from being hit by the decisions of Apple, Zuckerberg also seems keen to give Apple a taste of its own medicine.
☆ Inside Elon Musk's first day at Twitter HQ. With one of his kids in tow, Musk was mobbed in a coffee shop and employees asked about his reported plan to cut 75% of the workforce.
  + stars: | 2022-10-27 | by ( Kali Hays | ) www.businessinsider.com   time to read: +3 min
Musk carried a sink into Twitter HQ in San Francisco, an attempt at a joke. "Entering Twitter HQ – let that sink in!" Musk tweeted alongside a video of him at the front desk of Twitter's office carrying a sink. Twitter employees have been on edge for months because of the looming threat of losing their job. Are you a Twitter employee or someone with insight to share?
☆ Twitter staff enjoy a flexible work culture. Self-described nano-manager Elon Musk will change that.
  + stars: | 2022-10-27 | by ( Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +6 min
Elon Musk is close his $44 billion deal to buy Twitter by Friday and staff are worried. Musk's 'autocratic' leadership style is likely to clash with a flexible work culture, one workplace expert says. Elon Musk is set to buy Twitter for $44 billion by Friday and, as the deadline looms, staff are anticipating a big vibe shift in its work culture. Here are some of the perks Twitter staff enjoy now that may change under Musk. Flexible working policiesTwitter is famed for generous, flexible working policies.
☆ Facebook workers say they are being told to give '200%' yet warned to prepare for layoffs as the company's reorganization gets under way
  + stars: | 2022-10-26 | by ( Kali Hays | ) www.businessinsider.com   time to read: +5 min
Teams and managers are being moved around and some managers are being forced out amid an ongoing reorganization, three employees told Insider. Snap, which recently did a mass layoff, earlier in the year told managers to select 10% of their teams as underperforming. The company previously looked to "manage out" underperformers on a case by case basis, the people added. Some teams in engineering and the Communities team, previously Facebook Groups, have been reorganized in recent weeks, one employee said. The person added that new managers coming onto new teams are being told "to ruthlessly monitor our performance until January."
☆ Elon Musk posted a video of himself entering Twitter's headquarters carrying a bathroom sink
  + stars: | 2022-10-26 | by ( Grace Kay | Kali Hays | ) www.businessinsider.com   time to read: +2 min
Elon Musk shared a video of himself carrying a bathroom sink into Twitter's headquarters. Twitter staff were notified on Wednesday that the Tesla CEO would be in the office during the week. ET to close his $44 billion Twitter deal or face a trial. Musk captioned the video: "Entering Twitter HQ — let that sink in!" I'll be in the SF office shortly too, excited to see all of you!
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