Tuesday, November 8, 2022

Layoffs at Twitter Inc

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If Elon Musk could afford to pay $44 billion for Twitter, could he not have afforded to hold on for a while, and give some time to the employees to turn around the company as per his vision? After all, they were working as per the vision of the previous Bosses, to keep their 'kitchen fires burning'.

Alternatively, if Elon Musk was convinced at the time of acquisition process, that he will have to get into such mass layoffs, he could have negotiated hard to pay only $44 billion-X amount, while announcing that the rest amount, would be spent on grand severance packages, for all those who had to be retrenched.

This way, he would have set a new benchmark in ESG, and would have heightened his personal brand equity astronomically, resulting in much greater loyalty from Twitter's external stakeholders like advertisers etc.

It remains to be seen how the external stakeholders now view Twitter Inc.


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