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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
Tech

Here’s the memo that Elon Musk’s Twitter sent out to the entire staff about massive layoffs

By
Kurt Wagner
Kurt Wagner
,
Edward Ludlow
Edward Ludlow
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Kurt Wagner
Kurt Wagner
,
Edward Ludlow
Edward Ludlow
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
November 4, 2022, 12:24 PM ET
Twitter headquarters in San Francico
The Twitter logo is seen on the exterior of Twitter headquarters in San Francisco, California, on October 28, 2022.CONSTANZA HEVIA/AFP — Getty Images
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Twitter Inc. employees around the world finding out whether they still work at the company a week after billionaire Elon Musk took over. The billionaire plans to eliminate half of Twitter’s workforce to slash costs at the social media platform he acquired for $44 billion last month, Bloomberg News has reported. 

Read the memo sent to employees obtained by Bloomberg. 

Team, 

In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday. We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success moving forward. 

Given the nature of our distributed workforce and our desire to inform impacted individuals as quickly as possible, communications for this process will take place via email. By 9AM PST on Friday Nov. 4th, everyone will receive an individual email with the subject line: Your Role at Twitter. Please check your email, including your spam folder. 

  • If your employment is not impacted, you will receive a notification via your Twitter email. 
  • If your employment is impacted, you will receive a notification with next steps via your personal email. 
  • If you do not receive an email from twitter-hr@ by 5PM PST on Friday Nov. 4th, please email peoplequestions@twitter.com.

To help ensure the safety of each employee as well as Twitter systems and customer data, our offices will be temporarily closed and all badge access will be suspended. If you are in an office or on your way to an office, please return home. 

We acknowledge this is an incredibly challenging experience to go through, whether or not you are impacted. Thank you for continuing to adhere to Twitter policies that prohibit you from discussing confidential company information on social media, with the press or elsewhere. 

We are grateful for your contributions to Twitter and for your patience as we move through this process. 

Thank you. 

Twitter

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