Elon Musk says Twitter staff will obtain ‘very important’ inventory awards on March twenty fourth

Elon Musk emailed his remaining staff at Twitter on Monday morning to inform them that, after one other spherical of sudden layoffs over the weekend, those that are left will obtain “very important” performance-based inventory awards on March twenty fourth, in keeping with an inner memo obtained by The Verge.

“This previous week, we accomplished a tough organizational overhaul centered on bettering future execution, utilizing as a lot suggestions as we may collect from the whole firm,” Musk wrote, confirming that he has saved laying staff off after telling them he would cease on November twenty first. “Those that stay are extremely regarded by these round them.”

The quick memo, titled “Efficiency Awards,” is Musk’s first communication to Twitter staff since he laid off lots of extra of them with out warning over the weekend, together with a number of senior leaders and almost the entire product workforce. (Platformer’s Zoë Schiffer first tweeted concerning the memo on Monday.) Workers have been in the dead of night about precisely how Musk will compensate them for the inventory awards they misplaced after he took Twitter personal. In earlier emails to them, he has alluded to the system he arrange at SpaceX to let staff recurrently promote personal inventory.

Musk has made it onerous for even these remaining to know the total scope of his cuts. The corporate’s inner listing stays offline and Musk shut down the power for workers to make use of the corporate’s Slack final week. He then additionally disabled Google Chat for work emails, which remains to be turned off as of press time. Present and former staff I’ve spoken to estimate that Twitter’s complete headcount is effectively under 2,000 now versus the roughly 7,500 staff there when Musk took over.

This story is creating.