Being Elon Musk, the wealthiest person on earth, looks as if it’s not as much fun as most people may think..Musk, who has gone through a series of ups and downs since taking control of Twitter, is changing the internal structure of Twitter, reports the UK’s Daily Mail..His first move is to find someone to take over the beleaguered social media giant as part of a “fundamental organization restructuring.”.“I expect to reduce my time at Twitter and find somebody else to run Twitter over time,” he said..It’s not just Twitter taking up his time..Musk made the remarks while testifying in a Delaware court to defend against claims that his $56 billion pay package at Tesla was based on easy to achieve performance targets and was approved by a compliant board of directors, reports The New York Post. .Tesla investors have been increasingly concerned about the time that Musk is devoting to turning around Twitter..Musk is redefining Twitter under his own terms as he changes the company’s environment and staff will need to be on board or leave the company. .He told workers Twitter needs to be “extremely hardcore” going forward, warning that it will mean “working long hours at high intensity.”.“Only exceptional performance will constitute a passing grade”, which includes eliminating remote working from home, with a full return to the office..Employees will need to sign a pledge in order to keep their jobs, each receiving an email on Wednesday morning that said, “If you are sure that you want to be part of the new Twitter, please click yes on the link below.”.The link went to a form that included a message from Musk sating if staff did not sign the form by 5 pm EST on Thursday, they would get three months of severance pay..At the Tesla trial, Musk admitted several Tesla software engineers were brought into Twitter to help 'evaluate' things for his newest company, but it did not interfere with their work at the electric car company..“This was on a voluntary basis after hours,” he said..The focus at Twitter will change, becoming more of an engineer-driven operation..In his email Musk said design and product-management areas would still be important but “those writing great code will constitute the majority of our team and have the greatest sway.”.“Going forward, to build a breakthrough Twitter 2.0 and succeed in an increasingly competitive world, we will need to be extremely hardcore.”.Musk has criticized Twitter's spending and work culture and said the company needs steep cost cuts and a reboot of its services..And that means no more free lunches..A staple of the Twitter culture was employees receiving free meals, the costs of which Musk called “exorbitant” and shut them down..The New York Times reported Nov. 11 Musk plans to make employees, who according to Zippia earn a starting salary of $106,000, pay for their own lunches. .In a now deleted tweet, Andrew Wortman, wrote, "He fired 3/4 of the employees. Now he's planning to starve the rest of them.".Wortman added the world's richest man was "failure incarnate.".Musk responded with "Especially bizarre given that almost no one came to the office. Estimated cost per lunch served in past 12 months is >$400.".Some in the Twitterverse mentioned Milton Friedman's 1975 book, "There's No Such Thing as a Free Lunch," while ridiculing the idea Musk was starving highly paid employees..Journalist and novelist Ksenija Pavlovic McAteer pointed out lunch isn't "even free at the White House, Senate, State Department ... you don't even get a free lunch in a socialist country at work.".McAteer suggested further "if you need to keep your employees’ retention by offering them a free lunch then you have a problem with your company's culture."
Being Elon Musk, the wealthiest person on earth, looks as if it’s not as much fun as most people may think..Musk, who has gone through a series of ups and downs since taking control of Twitter, is changing the internal structure of Twitter, reports the UK’s Daily Mail..His first move is to find someone to take over the beleaguered social media giant as part of a “fundamental organization restructuring.”.“I expect to reduce my time at Twitter and find somebody else to run Twitter over time,” he said..It’s not just Twitter taking up his time..Musk made the remarks while testifying in a Delaware court to defend against claims that his $56 billion pay package at Tesla was based on easy to achieve performance targets and was approved by a compliant board of directors, reports The New York Post. .Tesla investors have been increasingly concerned about the time that Musk is devoting to turning around Twitter..Musk is redefining Twitter under his own terms as he changes the company’s environment and staff will need to be on board or leave the company. .He told workers Twitter needs to be “extremely hardcore” going forward, warning that it will mean “working long hours at high intensity.”.“Only exceptional performance will constitute a passing grade”, which includes eliminating remote working from home, with a full return to the office..Employees will need to sign a pledge in order to keep their jobs, each receiving an email on Wednesday morning that said, “If you are sure that you want to be part of the new Twitter, please click yes on the link below.”.The link went to a form that included a message from Musk sating if staff did not sign the form by 5 pm EST on Thursday, they would get three months of severance pay..At the Tesla trial, Musk admitted several Tesla software engineers were brought into Twitter to help 'evaluate' things for his newest company, but it did not interfere with their work at the electric car company..“This was on a voluntary basis after hours,” he said..The focus at Twitter will change, becoming more of an engineer-driven operation..In his email Musk said design and product-management areas would still be important but “those writing great code will constitute the majority of our team and have the greatest sway.”.“Going forward, to build a breakthrough Twitter 2.0 and succeed in an increasingly competitive world, we will need to be extremely hardcore.”.Musk has criticized Twitter's spending and work culture and said the company needs steep cost cuts and a reboot of its services..And that means no more free lunches..A staple of the Twitter culture was employees receiving free meals, the costs of which Musk called “exorbitant” and shut them down..The New York Times reported Nov. 11 Musk plans to make employees, who according to Zippia earn a starting salary of $106,000, pay for their own lunches. .In a now deleted tweet, Andrew Wortman, wrote, "He fired 3/4 of the employees. Now he's planning to starve the rest of them.".Wortman added the world's richest man was "failure incarnate.".Musk responded with "Especially bizarre given that almost no one came to the office. Estimated cost per lunch served in past 12 months is >$400.".Some in the Twitterverse mentioned Milton Friedman's 1975 book, "There's No Such Thing as a Free Lunch," while ridiculing the idea Musk was starving highly paid employees..Journalist and novelist Ksenija Pavlovic McAteer pointed out lunch isn't "even free at the White House, Senate, State Department ... you don't even get a free lunch in a socialist country at work.".McAteer suggested further "if you need to keep your employees’ retention by offering them a free lunch then you have a problem with your company's culture."
