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		<title>The exodus at Twitter may have been the plan all along, maybe? • TechCrunch</title>
		<link>https://www.myjourneyindonesia.id/the-exodus-at-twitter-may-have-been-the-plan-all-along-maybe-techcrunch/</link>
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		<dc:creator><![CDATA[Ayeriff]]></dc:creator>
		<pubDate>Sat, 19 Nov 2022 04:03:33 +0000</pubDate>
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					<description><![CDATA[<p>When Peter Clowes last updated his LinkedIn profile, he listed his role as “Layoff Survivor” at Twitter. Yet Clowes, a [&#8230;]</p>
<p>The post <a href="https://www.myjourneyindonesia.id/the-exodus-at-twitter-may-have-been-the-plan-all-along-maybe-techcrunch/">The exodus at Twitter may have been the plan all along, maybe? • TechCrunch</a> appeared first on <a href="https://www.myjourneyindonesia.id">My Journey Indonesia</a>.</p>
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<p id="speakable-summary">When Peter Clowes last updated his LinkedIn profile, he listed his role as “Layoff Survivor” at Twitter. Yet Clowes, a senior software engineer who joined the company in the spring of 2020, is now gone, too. He quit yesterday, dispassionately explaining <a href="https://twitter.com/peterclowes/status/1593458245712187392" target="_blank" rel="noopener">last night</a> on Twitter that he decided to leave not to hobble Twitter or because he hates its new owner, Elon Musk, but simply because he no longer had any incentive to stay.</p>
<p>It now appears that a significant percentage of Clowes’s colleagues felt the same way. While they weren’t part of the 50% of Twitter employees who lost their jobs at the end of October in an unprecedented layoff at the social media outfit, as its 3,700 remaining staffers, they were presented with an ultimatum this week by Musk. The choice that he presented to them: commit to a new “extremely hardcore” Twitter, “working long hours at high intensity,” or leave the company with three months of severance pay.</p>
<p>A Hobson’s choice, essentially, Musk was clearly hoping that some percentage of Twitter’s remaining employees — who are expensive and who he had no say in hiring — would opt to leave the company. In fact, Musk reportedly told investors he might slash 75% of staff before taking over the company, so whether he’s in shock, having cut into the muscle of the company or is celebrating the success of his plan is only something Musk and his inner circle knows.</p>
<p>Certainly, the numbers are stunning to nearly everyone else. The New York Times reported earlier today that based on its sources’ internal estimates, at least 1,200 full-time employees just handed in their figurative key cards. Clowes, in a long series of <a href="https://twitter.com/peterclowes/status/1593458225533313025" target="_blank" rel="noopener">tweets</a> about his own departure, suggests the number could be even higher. Talking about his own “org,” he writes that “85%+” of his colleagues were laid off in October and that a stunning “80%” of those who remained opted out yesterday.</p>
<p>Indeed, what strikes us, reading Clowes’s explanation about why he left, isn’t that so many people walked out with him. It’s almost more astonishing that 100% of employees didn’t leave, raising questions about who Musk thought would stick around. If he wanted only those employees with no choice but to kill themselves for now, that seems . . . like a flawed business strategy.</p>
<p>Otherwise, if Musk was hoping to hold onto anyone else, one assumes a carrot would have been offered. Instead, as Clowes wrote yesterday, there were only sticks and lots of them.</p>
<p>Clowes wrote, for example, that he left because he “no longer knew what I was staying for. Previously I was staying for the people, the vision, and of course the money (lets all be honest). All of those were radically changed or uncertain.”</p>
<p>Clowes left because had he stayed he “would have been on-call constantly with little support for an indeterminate amount of time on several additional complex systems I had no experience in.”</p>
<p>He left because he saw no upside to Musk’s brash management style, which Clowes suggests he could have tolerated longer if he wasn’t operating wholly in the dark. Instead, by his telling, Musk still hasn’t shared a vision for the platform with employees. “No five-year plan like at Tesla,” wrote Clowes. “Nothing more than what anyone can see on Twitter. It allegedly is coming for those who stayed, but the ask was blind faith and required signing away the severance offer before seeing it. Pure loyalty test.”</p>
<p>There has been so little communication from the top that rumors and speculation have run rampant, Clowes suggested. Among staffers’ apparent concerns: that not only would Twitter become subscription based but that adult content could become a core component of those offerings, wrote Clowes. (Underscoring how little insiders have been told, Clowes then referred readers to a Wired story about a Washington Post story about Musk’s reported discussions with employees about monetizing adult content on Twitter.)</p>
<p>Last but not least, wrote Clowes, there was “no retention plan for those that stayed. No clear upside for sticking it through the storm on the horizon. Just ‘trust us’ style verbal promises.”</p>
<p>By yesterday, Clowes was living in a world where his “friends are gone, the vision is murky, there is a storm coming and no financial upside,” he wrote. So “[w]hat would you do?” he continued. “Would you sacrifice time with your kids over the holidays for vague assurances and the opportunity to make a rich person richer or would you take the out?”</p>
<p>You would take the out, which Musk surely expected. One would think?</p>
<p>Now to see if he can build back with who’s left before the whole thing caves in.</p>
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<br /><a href="https://techcrunch.com/2022/11/18/elon-musk-talked-about-laying-off-75-of-employees-he-may-have-just-gotten-his-wish/">Source link </a></p>
<p>The post <a href="https://www.myjourneyindonesia.id/the-exodus-at-twitter-may-have-been-the-plan-all-along-maybe-techcrunch/">The exodus at Twitter may have been the plan all along, maybe? • TechCrunch</a> appeared first on <a href="https://www.myjourneyindonesia.id">My Journey Indonesia</a>.</p>
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		<title>Elon Musk will reportedly take the CEO role after exec exodus • TechCrunch</title>
		<link>https://www.myjourneyindonesia.id/elon-musk-will-reportedly-take-the-ceo-role-after-exec-exodus-techcrunch/</link>
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		<dc:creator><![CDATA[Ayeriff]]></dc:creator>
		<pubDate>Fri, 28 Oct 2022 12:46:31 +0000</pubDate>
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					<description><![CDATA[<p>After Elon Musk completed his Twitter takeover, multiple reports and tweets from company employees suggested that he fired CEO Parag [&#8230;]</p>
<p>The post <a href="https://www.myjourneyindonesia.id/elon-musk-will-reportedly-take-the-ceo-role-after-exec-exodus-techcrunch/">Elon Musk will reportedly take the CEO role after exec exodus • TechCrunch</a> appeared first on <a href="https://www.myjourneyindonesia.id">My Journey Indonesia</a>.</p>
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<p id="speakable-summary">After Elon Musk completed his Twitter takeover, multiple reports and <a href="https://twitter.com/karlrobillard1/status/1585799775923814400?s=46&amp;t=PMZBXdyPLAwNNz3yBggCYg">tweets</a> from company employees suggested that he fired CEO Parag Agrawal, CFO Ned Segal, general counsel Sean Edgett, and head of legal policy, trust and safety Vijaya Gadde were leaving the company immediately. Now he might take over the top job — at least for now.</p>
<p>A report from Bloomberg suggested that Musk will take up the CEO position, but will hand it over to someone else in the long term. As a CEO he will have to take care of different challenges like user growth, revenue growth and content moderation hurdles.</p>
<p>Agrawal, who took over from Jack Dorsey last year after the Twitter co-founder left the company, has had a strenuous relationship with Musk. The Tesla CEO famously tweeted <a href="https://twitter.com/elonmusk/status/1526246899606601730">a poop emoji</a> in reply to Agarwal’s lengthy thread about spam on the platform. The process leading up to the Twitter v. Musk trial revealed a trove of texts between different investors and executives. While Agarwal and Musk began their conversation cordially, their relationship soured over time.</p>
<p>Bloomberg’s report also mentioned that Musk plans to lift lifelong bans on users. Twitter famously banned former President Donald Trump last year for breaking the platform’s rules and over the “risk of further incitement of violence” following the U.S. Capitol attack. This step of unbanning all users might draw mixed reactions across the political spectrum, and will test the billionaire’s efforts as to how far he wants to go to make Twitter the “digital town square” he wants it to be.</p>
<p>We have heard a lot about Musk’s ideas as the top man of Twitter. That included suggestions of building “X, an everything app” to monetizing tweets in different ways. There has been a lot of uncertainty around how the Tesla CEO will handle layoffs and restructure teams at the social network during the course of the whole takeover deal starting from April.</p>
<p>While Twitter’s CEO, CFO, and top lawyers were fired today, several top executives including former GM of consumer, Keyvon Beykpour and former revenue product lead Bruce Falck have left the company since Musk initiated the deal. Given so many empty seats at top management, Musk has to bring in some top talent to execute things he wants to achieve at Twitter.</p>
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<br /><a href="https://techcrunch.com/2022/10/28/elon-musk-will-reportedly-take-the-ceo-role-after-exec-exodus/">Source link </a></p>
<p>The post <a href="https://www.myjourneyindonesia.id/elon-musk-will-reportedly-take-the-ceo-role-after-exec-exodus-techcrunch/">Elon Musk will reportedly take the CEO role after exec exodus • TechCrunch</a> appeared first on <a href="https://www.myjourneyindonesia.id">My Journey Indonesia</a>.</p>
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