Elon Musk is getting ready to leave his position as Twitter’s CEO. The billionaire now claims he is seeking for a replacement to take over as CEO of the social network if he plans to do so. A declaration that follows many worries from Tesla shareholders who believe that the businessman is no longer looking after the company.
Would Elon Musk get bored with his new toy? The Twitter CEO said on November 16 that he will soon be spending less time managing the company’s operations. The social network’s new CEO is now looking for a new leader to take over after two weeks of complete anarchy on the platform were brought on by decisions that were all controversial. By the end of the week, the new organizational structure of the company should be made public.
Elon Musk is looking for a replacement to take his place
Elon Musk later clarified on Twitter, however, that he will remain in charge of the business until it regains some stability, which he claimed could “take a little time”. Then, the issue of his replacement appears. Jack Dorsey, the former CEO of Twitter, quickly responded that he had no plans to return to the business he founded, disappointing those who had hoped to see him take the helm once more.
Elon Musk’s announcement of his departure is not arbitrary. Since the acquisition of Twitter, Tesla investors have expressed growing anxiety over the removal of their champion from the company’s leadership. After the acquisition, reorganizing the company requires a spike in activity, according to the concerned.
Whoever succeeds Elon Musk will have real problems working under his direction. He should deal with workers who have been subject to constant threats and hard work for several weeks. Not to mention the bankruptcy risk that now looms over the company.
The text of an email that Elon Musk sent has been shared by a Twitter engineer. He sketches the outline of Twitter 2.0, a social network where programmers show up to work every day. Without keeping track of their hours or questioning the chief’s decisions.
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Elon Musk is a workaholic, and he is not ashamed of it. It makes sense when you consider how many successful firms he founded, like Tesla, SpaceX, and The Boring Company. He credits the latter’s success to the organization and strict adherence to the system of hierarchy. It goes without saying that the American-South African businessman’s appointment as Twitter’s CEO will be eventful due to his recent acquisition of the company.
Employees who have not yet been let go in Twitter’s first significant round of layoffs receive an ultimatum from Elon Musk in an email sent yesterday: either they agree to stop keeping track of their hours and work “very intensely,” or they walk out the door. The resigning employees will receive severance pay equal to three months’ worth of pay. The employees have a short amount of time to respond. Engineers who decide to remain will need to adopt “commando” mode. The upcoming weeks will be extremely busy.
Twitter employees must work in offices for at least 40 hours a week
Despite this, none of Elon Musk’s endeavors have been very fruitful. The latest version of Twitter Blue, which offered the “Verified” mark for a $7.99 subscription fee. In addition to other special features, face complete failure. The offer resulted in an increase in fake accounts and was stopped two days after it went live. The deployment of Twitter Blue version 3 will begin on November 29, 2022.
Teleworking will not be possible for Twitter engineers in addition to conforming to severe work rules. From this point forward, they will spend at least 40 hours per week in Twitter offices. This strict policy’s justification, according to Elon Musk, is “what makes SpaceX and Tesla great is its personnel who work on-site, and who work hard”.