Proactive Investors - The Twitter Inc (NYSE:TWTR) fiasco rumbles on as employees are told that offices buildings have been temporarily closed, effective immediately, amid reports that more staff are leaving the company.
Reported by the BBC, workers were told that the offices would reopen on Monday, although the social media platform did not give a reason for the closure.
I was laid off from Twitter this afternoon. I was in charge of managing badge access to Twitter offices.Elon just called me and asked if I could come back to help them regain access to HQ as they shut off all badges and accidentally locked themselves out.
— Alex Cohen (@anothercohen) November 18, 2022
There were reports that a large number of staff decided to quit after Elon Musk, who bought the company for US$44bn, called on employees to sign up for “long hours at high intensity” or leave.
The message sent to employees, seen by the BBC, asked staff to “please continue to comply with company policy by refraining from discussing confidential information on social media, with the press of elsewhere”.
Following mass sackings by Musk, and resignations from employees who were unhappy with the regime, some departing staff are suggesting that this could be the end of Twitter.
From one of the remaining Twitter employees: “It (Twitter) has about a week left before it’s dead.”— Travis Akers (@travisakers) November 18, 2022
One former employee, quoted in the BBC, said: “I think when the dust clears today, there’s probably going to be less than 2,000 people left.
"The manager of that team, his manager was terminated. And then that manager's manager was terminated. The person above that was one of the execs terminated on the first day. So there's nobody left in that chain of command."
Prior to Musk’s takeover, Twitter had over 7,500 permanent staff and was also reported to have thousands of contract workers, the majority of which have been let go.
Musk responded in a Tweet that “The best people are staying, so I’m not super worried.”