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☆ One of the Twitter execs Elon Musk just fired had a key role in getting Trump banned from the platform in January 2021
▼ + stars: | 2022-10-28 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Vijaya Gadde, a top Twitter legal and policy executive, was fired by Elon Musk on Thursday. In May, Musk said he would let Trump back on Twitter, calling the decision to ban him "morally bad." The other executives Musk fired on Thursday include Twitter's CEO, Parag Agrawal, chief financial officer Ned Segal, and general counsel Sean Edgett. It's unclear if Musk fired Gadde because of her role in the decision to ban Trump. Musk said in May that he would reverse Twitter's Trump ban, saying that booting Trump off Twitter was a "morally bad decision" and "foolish in the extreme."

New York CNN Business —Elon Musk has completed his $44 billion acquisition of Twitter, the company confirmed in a securities filing Friday, putting the world’s richest man in charge of one of the world’s most influential social media platforms. The confirmation comes after a source familiar with the deal told CNN the deal had closed Thursday night. But Musk’s takeover now raises a host of new questions for the future of the social media platform, and the many corners of society impacted by it. Despite multiple news outlets confirming the changes Thursday night, Twitter staff had still not formally been informed of the changes as of Friday morning, two Twitter employees told CNN. Now he controls a social media platform that shapes how hundreds of millions of people communicate and get their news.

New York CNN Business —Elon Musk plans to visit Twitter’s San Francisco office this week ahead of the expected close of his deal to buy the company, Twitter Chief Marketing Officer Leslie Berland told staff in an email Wednesday. For everyone else, this is just the beginning of many meetings and conversations with Elon.”Berland added that all Twitter (TWTR) employees will hear directly from Musk on Friday. Musk on Wednesday also changed his Twitter bio to “Chief Twit.”Musk is likely to face many questions from nervous employees when he addresses Twitter’s staff. The Washington Post last week reported that Musk told prospective investors in the deal that he planned to cut nearly 75% of the company’s staff, and that Twitter had already planned massive layoffs even if the deal did not go through. Musk had previously discussed dramatically reducing Twitter’s workforce in text messages with friends about the deal, which were revealed in court filings, and didn’t dismiss the potential for layoffs in a call with Twitter employees in June.

☆ Elon Musk must close Twitter deal by end of this week or face trial
▼ + stars: | 2022-10-24 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

New York CNN Business —The clock is ticking for Elon Musk to complete his deal to buy Twitter. ET on Friday to close his $44 billion acquisition of Twitter or face a trial that was previously delayed to allow both parties to close the deal. Musk in April agreed to buy Twitter (TWTR) for $54.20 per outstanding share and then, weeks later, sought to terminate the deal. Bloomberg last week reported that the company had frozen employees’ stock accounts in anticipation of the deal’s closing, and that lawyers for both Musk and Twitter were preparing paperwork to close the deal. Musk, meanwhile, told Tesla shareholders that he was “excited” about Twitter even as he admitted to “obviously overpaying” for it.

SAN FRANCISCO — Twitter is telling employees not to believe “rumors” that nearly 75% of them could lose their jobs if Elon Musk eventually takes over the company's owner. “Please know, as we get closer to deal close, there will continue to be tons of public rumors and speculation,” Edgett wrote. There have been no plans for company-wide layoffs since then, he said. A Twitter spokesperson confirmed that the content of the email is accurate. It’s unclear when Musk’s purchase of Twitter might be finalized.

☆ Twitter tells staff there are no plans for layoffs, following claims that Elon Musk planned to cut headcount by 75%, report says
▼ + stars: | 2022-10-21 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Twitter has told staff that the company has no plans for company-wide layoffs, per Reuters. On Thursday, The Washington Post reported that Elon Musk planned to cut Twitter's headcount by nearly 75%. Sean Edgett, Twitter's general counsel, emailed Twitter's staff on Thursday telling them the company did not plan for layoffs, a source who viewed the email told Reuters. On Thursday, The Washington Post reported that Elon Musk told prospective investors he would lay off almost 75% of Twitter's workforce. The reported job cuts would have slashed Twitter's 7,500-person workforce down to a staff of around 2,000, per The Post.

☆ Indeed's chief marketing officer shares advice on how to win at digital transformation
▼ + stars: | 2022-09-08 | by ( Ebony Flake | ) www.businessinsider.com time to read: +5 min

Kazi Awal/InsiderIt's a digital world, and organizations that show digital agility continue to win out. Consultants say that despite headwinds, CEOs must champion digital transformation. Jensen said the focus on digital transformation has been vital to Indeed's success. The one alliance identified as most essential was the relationship between chief marketing officer and chief financial officer. How have you used this partnership toward digital transformation at Indeed?

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