Twitter payroll, finance department resigns en masse under Elon Musk

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Finance Finance Headlines News

Twitter loses payroll department, other financial employees as part of mass resignation under Elon Musk

and engineering forward place to work. He told the entire company to decide by Thursday at 5 pm ET if they wanted to continue working at this version of Twitter. Those who did were to click a link included in the email. Those who did not click the link, which only had a"yes" option, would be considered to have decided to be part of a voluntary layoff and would receive three months of pay as severance, Musk said.of Twitter's employees had signed up for Musk's Twitter 2.

By the end of Thursday, Twitter was down several hundred more employees and an internal Slack channelclose to 3,500 employees . Combined with Thursday's resignations, two workers estimated there are likely fewer than 2,000 employees left at the company. Are you a Twitter employee or someone else with insight to share? Contact Kali Hays at khays@insider.com, on secure messaging appSign up for notifications from Insider! Stay up to date with what you want to know.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Maybe he should have first bought a local Jiffy Lube to gain experience in “turning around” a company. That would have benefited us all.

SethAbramson Got rid of the payroll department, brilliant. Elon's playing 1-dimensional chess while his haters play checkers.

Lies elonmusk

SethAbramson New chief of payroll Elon walking around the office with bags of cash,lol.

2 - My 'most salient lines of code' for today: function PayrollMonitor(twitter, chiefTwit) { if (twitter.payroll.getHeadcount() 1 && twitter.payroll.getNextPayDate() == today) MailApp.sendEmail(chiefTwit, 're: Payroll due today', 'Elon - pls hit ATM (no crypto).')}

All the things that may cause twitter to crash, not paying what's left of its employees will probably be the one.

SethAbramson Temp agencies are going to make out like bandits.

SethAbramson I've got a different take on this than most people I know. I think Twitter's best days are ahead

By the grace of Allah I have read many books on Qiyamah and in these books, I have not found any minor sign of Qiyamah that has not been fulfilled.

Probably one of the easiest departments to replace.

Am I crazy to think there is a plan behind all of this with Elon? A single human being can’t be this poorly calculated and irrational without a purpose. It’s almost mad genius. Did he buy Twitter just to dismantle it? Dude has the money to play stupid games and get stupid prizes.

Odd. I would have thought the payroll department would be the first to go. The way Musk's financial brain seems to think, if there's no payroll department, there's no payroll.

SethAbramson He's really musking things up there

Geez and what is the result He’s a private company. He is operating a major platform on 200 people Maybe let’s report that

Actions. Results.

SethAbramson When the checks start to bounce…

Cool, job openings for those out of work

It is evident that Business Insider has a media campaign against elonmusk

That not good in CA. The fines are gonna be expensive

dude gonan hire his employees from Telsa. 'yall wanna transfer to twitter? theyll be fine lol.

As if someone cares, the world is full of talent and the competition to get spots in tech giants is fierce, so these companies will always have a leverage over the workers. Who cares about these guys?

Elon's management style...

This play by play on Twitter business is hilarious, it’s almost as if everyone is wanting Twitter to fail. Does anyone realize most companies that go through a RIF have the same issues? Settle down people

Perhaps Elon can sell Twitter to MySpace I guess.

ValeriaLFrances Employees should be mad at the people that sold them out who made money off Elon

Geez what will he do … it’s not like he has people at other companies he owns that are doing better hat same job 😐

Will Twitter still exist on Monday?

SethAbramson Maybe he should have first bought a local Jiffy Lube first to gain experience in “turning around” a company. That wold have benefited us all.

It wasn’t like he was going to pay anyone anyway.

SethAbramson Trumpers will, no doubt, blame Biden.

SethAbramson Wont need a payroll Dept without any staff to pay?…

Cute now all the soft ass are unemployed. Can’t handle a two way conversation anymore

Elon: can't pay people if there's no payroll department.

Why bother paying the people you've already coerced into slave labor?

Kaylan_TX How is he going to pay himself?

All twitter employees will now be on Tesla Payroll

Kaylan_TX Reminds me of something and old restaurant owner told me. “The worst thing that someone can do to their favorite restaurant is to buy it”. Sassy lawyers/doctors wanting to own their own restaurant. They don’t know how tho and the place closes.

In a couple days, when the buzz wears off, several them are going to be like, 'WTF did I do?'

Does that mean you’re hiring? elonmusk 🧐

Elon Musk isn’t brilliant. Sorry boys. Someone had to say it.

I am willing to put some PT in at twitter if there are openings. I could be trained for payroll. I can't commit a lot of hours as I work FT elsewhere, but hey, any port in a storm.

Oh no will the world’s richest man be able to hire more people? So dramatic, the man owns a car company and sends people into space. I think he can figure it out.

Good riddance! He can hire a payroll service until he put together a new team. And probably save money? Just good business 👍

StringwallApp Voopsies.

No payroll / no paycheck. massresignation RIPTwitter

Plenty of people need jobs.

elonmusk I’m ready to work. Finance Twitter

Muskstans: 'Everyone is replaceable' OK, how long does onboarding take Muskstans: 'They can start right away' And make no mistakes? Muskstans: 'We'll fire anyone who makes a mistake

He needs to coders. He does not laughably need all the content moderators that you love.

The janitorial staff be like, 'I don't see a problem here.'

Musk’s way not to pay severance

Cool, can't wait to see how they respond to living with no income. They can't get unemployment if they resign.

justkiddingjeez Does Twitter still have laywers remaining to deal w lawsuits from employees who accepted the severence package but can't get paid because there are no HR staff left to administer the severence payments?

Buh bye

Well, there's always ADP.

Mcmo70 Well cool he's saving money

Do your due diligence. Tell the truth. Report the facts, what others already know. He didn't 'lose' payroll and others. He forced their exit. Twitter is being destroyed intentionally. It's a LongOp. For starters, see Dave Troy's analysis.

Profiles in stupidity.

He’s FINE!

How bad is it when you can't even keep the payroll department?

People laughed at me when I said four months ago that Elon is buying Twitter to destroy Twitter. I was exactly right he got together with Putin and Saudi Arabia financed the purchase and destroy it.

I'll do it...but only if can work from home

Lol. Even if you're one of the last few kiss-asses you're not getting paid.

It's essentially no loss given the old payroll department didn't know how to issue paychecks in Dogecoin. 😉

And nothing of value was lost

Oh no! Sure beats firing them all.

RealTobcat no financial department - no Twitter i guess..

As long as they keep at least one accountant...

A government program is being restructured, and your role is to forge the official narrative.

instereo007

You can outsource the payroll department with a phone call

Start messing with people's paychecks & they'll run - not walk - to the nearest exit. Most work out of necessity, not as a hobby. Start messing with their money & this won't end well for the bluebird app. Good tech people can get a good job anywhere.

How about the general counsel role? Still there?

Twitter emulating FTX (which did it a step better by never having any accounting/financial reporting in the first place)?

elonmusk Not real smart to let Payroll walk out the door. What do YOU call workers that don't get paid?

That’s perfect, since he doesn’t actually want to pay anybody—just wants them to work 80 hr wks, buy all their own meals, & sign loyalty oaths at a moment’s notice about how awesome New Twitter is gonna be.

Why does twitter have a payroll department? Do they run their own health insurance program too?

So...it's going well then?

Not getting paid is pretty hardcore.

This simply points out how deep the rot was within this propaganda organ, who'd minted their hundreds of millions of users by masquerading as an unbiased 'free speech' marketplace. Long time in coming...

If payroll is gone everyone is. No one will do this voluntarily.

I guess all the nasty Nazi libs are out of work.

What could possibly go wrong?

Conservatives: haha look at all the liberals resigning Liberals: why don’t you apply? Conservatives: the tech industry and finance is for educated snowflakes. Now let me get back to tweeting

Clearly none of you know how to improve companies

Elon be busy working into the night and weekends for a while. Hardcore stuff right there.

And? He's one of the smartest people on earth and richest. He wants them gone. Thousands of people would love the jobs they are leaving and be better at it

Thats one way to save money I guess

Don’t blame them for leaving. No amt of $ is worth that kind of stress. Unless they are given lots of stock options maybe for poss future profit.

So now they're just leaving so he doesn't have pay them severance? I'm sure elonmusk is just quivering in his boots at the thought of not having to replace them.

davetroy He'll just parachute someone in from SpaceX or Tesla payroll department. In reality, this department mostly was transitioning to the legal department in short order anyway. haha

If true, this is the definition of a three time zone, all-singing all-dancing, chocolate covered, Mongolian clusterf*ck. 🙂

Good luck getting severance with no one left to process it. Great leadership Elon!

My God, where is he going to find people who know how to do something as esoteric as payroll...

Musk probably thinks employees shouldn't be paid. He's such a coddled little man baby.

Donald Misk is in the house

elonmusk Hire Me Broo

THE SKY IS FALLING 🤣🤣🤣

davetroy elonmusk The WorldsBiggestLoser

It should never been sold no matter how much was offered. The originality of this platform is PRICELESS. Sadly it now becomes a victim of someone’s mega self-ego mess.

Trimming the fat.

yanki_reb102 I now wonder, what slavish conditions do Tesla employees endure daily? 🧐 WIRED MediaMattersZA

Anyone paying attention to Tesla stock?

See, Elon, ppl work to earn money to pay for essential things in life. Getting paid is kinda important.

elonmusk

Another stable genius 🙄

Out with the old horrible thought police, in with the new free speech proponents!

imagine having a payroll department for your internet website we pay our volunteers with stern looks of disapproval

Come run this thing from home bro , banye nyi

Giving Elon 2 more weeks before he goes Howard Hughes, locks himself in his office and is peeing in jars.

Would be hilarious if elonmusk let all the ones with no spine weed themselves out & then reopens working from home with new employees & this was all a giant “trash taking itself out” operation

This will be absolutely hilarious when all of these people leave Twitter, & it functions just perfectly with a massively scaled down staff, proving that it was indeed bloated with unnecessary dead weight & unneeded overhead. 😄

not a big dea. I am sure there are many businesses who would love to take that over. There are those that do it as a service. Probably best to outsource this anyway.

𝘼𝙪 𝙍𝙚𝙫𝙤𝙞𝙧 $44 𝘽𝙞𝙡𝙡𝙞𝙤𝙣 ...

The_Stonecreek ... it is like watching a disaster movie online.

Those are quite replaceable bureaucracies

Keep grinding

AlexAlvarova Musk can ask his new friend Putin how to mobilize work force

Who cares? Twitter is bullshit since many years. They tolerate hate speech, racism, homophobes, misogyny, fake news, FIFA,... The employes of Twitter earned this because they are part of this. I'm watching here from side line and enjoy how the twitter world burns.

elonmusk can i work at twitter?

Outsource payroll elonmusk. Staying focused, code can pay folks on time. 🚀🐕‍🦺

I’m ready!

Bye bye payroll department! Lol Totally EASILY REPLACEABLE!

Hopefully they cut themselves their severance checks before they said “peace out”!! 🤷🏽‍♀️

Anyone thinking that this fool is going to just fix this with people waiting in the wings is sadly mistaken

Tell me again about the business genius!

Theanonleaks Actually, it would have been nicer if the employees in particular stayed on in payroll until the end. I can still understand the step.

RealBBFan Twitter recruiters are already asking external engineers to join 'Twitter 2.0 — an Elon Company,' reports say via businessinsider

The world’s richest man has taken possession of a global social media platform used by the world’s journalists, scientists, governments, private citizens, businesses, religions, militaries and health/emergency services to share all vital information—It’s going as you might expect

Goood, start from scratch. Sorry libs, the inmates don't run the asylum

Lesson: You can't just buy an established business throw your weight around stepping on the people who make the company even if it means you purchased it above the market rate at $44 billion.

elonmusk I will literally run all of Twitter's payroll . I already have experience working with Twitter and payroll. :D

I guess Musk will pay them in crypto. 😂

GottaWakeUpPlz Is Twitter melting away as fast as snow on a sunny spring morning?

Doing this to file bankruptcy

I’m an accountant. I’d work for elonmusk if I didn’t have to move to shitty San Francisco. He’s not asking for their first born, he’s just asking them to actually work.

Embezzlements will never be found now. Will Musk’s leadership spill over to Tesla?

'two people familiar with the matter said, matching several internal messages seen by Insider'. What do you mean by 'familiar'? At this point your 'insider news' is gossip. It seems you're trying to create a problem that doesn't exist. I would need more info.

Im applying

🍿

There's nothing that grinds a company to a halt faster than rumors of a problem with their paychecks. Payroll Clerk is probably the worst and least valued job in a company...yet the most important. I doubt there'll be a long line of applicants in expensive SF.

I know hard-core quickbooks 2.0 and am available to wfh Tue-Thur, 10am - 2pm. Hmu on MySpace, elong.

The world’s richest man has taken possession of a global social media platform used by the world’s journalists, scientists, governments, private citizens, businesses, religions, militaries and health/emergency services to share all vital information—It’s going as you might expect

No one getting PAID now?! How is this site is running?

As per my understanding about management/ leadership, such consequences are considered normal when you decide to make radical changes in the organization that you've just led. I am not defending one party over another! However I am giving an explanation about what had happened.

so what, the man had money, he can pay them all directly 5D upside down galaxy universe chess

That’s good for the company.. you can’t build a company with work employees

we can only lose things we want to keep. the right verb here is he GOT RID of those people.

The same thing will start at Tesla soon.

Because payroll employees are difficult to replace😂

Everybody at payroll or finance is replaceable

Not like they’ve got money to pay anybody.

Now we know what happens when a spoiled brat buys a social media platform to boost his gigantic ego.

Sounds like there are some great job openings/ opportunities for people now elonmusk

So much winning.

Crash and burn the elonmusk way.

Lazy people have no place at Twitter or or any other company. Governments should cut benefits now. We raised a generation of useless, not so smart and lazy people.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines