Even before Elon Musk aka Chief Twit finally purchased Twitter last week, there has been fear of massive layoffs. Initially the first reports were around 75%,of Twitter’s employees would be let go. Then that number had dropped to around 25%. Many had hinted the layoffs regardless of how big, would happened on Monday, October 31st as November 1st was the cut-off date for employees to remain eligible to receive their year-end Stock (Grant) Compensation. So far only a handful of employees are no longer with the company and those were from the executive team. Chief Twit did fire the previous…
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…and not just for Twitter Blue subscribers, but everyone. The new Twitter Blue is expected to be live by November 7th (the date Musk is demanding or those employees responsible would be out of a job). The new Twitter Blue was initially going to be $19.99 per month. However, after a Twitter exchange with American Author Stephen King on Tuesday, Musk may drop the price for the new Twitter Blue to $8 USD (and pricing in other countries based on ‘their spending power’) per month. Twitter Blue is suppose to include several other features (ad-free content is not one of…
Chief Twit (Elon Musk) is now suggesting the price of the premium Twitter Blue subscription could be $8 USD (the cost outside the US will be adjusted for the purchasing power of consumers in those markets) which is down for the $19.99 a month he had mentioned yesterday. However, he is still holding firm that a Twitter Blue subscription is going to be required for verification (something that prior to his merger/take-over was free). At the same time, Twitter plans to add new perks to the service. As a subscriber, you’ll see fewer ads and have the ability to post…
This year-end employee benefit sheds a very bright light as to why Musk is in such a hurry to get the lay-offs done. As reported last week: The forthcoming layoffs are likely to occur before November 1st. The timing may give Musk the opportunity to avoid paying out stock grants to outgoing workers. According to The Times, such payouts “typically represent a significant portion” of an employee’s pay. The New York Times report this weekend he plans to lay off employees before Tuesday, November 1, thus cutting staff off from receiving stock grants as part of their compensation. In response to…
Days after Elon Musk (aka Chief Twit) took over Twitter, he is making big and not so popular opinion plans. Though much like everything else involving him and Twitter this could (and hopefully will) change. Now he wants to raise the monthly subscbrtion fee for the Twitter Blue and also have the service include a verification badge. $20 sounds like a lot of money just to get a verified badge and many folks like Kara Swisher are not ready to pay that amount. A poll by investor Jason Calacanis — to which Musk replied “interesting” — also has a majority of the people saying…