Elon Musk says remaining Twitter employees will receive ‘very significant’ stock awards on March 24th
VergeAPR 2023
Things keep going from bad to worse for Twitter under Musk, as even his most loyal executives aren’t immune to his massive cuts. Since he overpaid for Twitter and loaded it up with debt, advertising revenues have continued to drop, and there has been nothing but chaos online and in Twitter’s offices. Don’t expect things to change while Musk remains in charge.
Musk has been transparent about needing to cut costs and make the platform profitable. He’s shrewdly making the necessary reductions in the workforce, and he’s made sure those who remain are dedicated to working extra hard for the company’s success.