A 'mass exodus', employees locked out... Twitter is in chaos after Musk's ultimatum

Investing.com

Published Nov 18, 2022 04:41AM ET

Updated Nov 18, 2022 04:51AM ET

A 'mass exodus', employees locked out... Twitter is in chaos after Musk's ultimatum

By Senad Karaahmetovic

After the new CEO and owner of Twitter, Elon Musk asked his employees to work “hardcore” or get fired, hundreds of employees - including some critical engineers - reportedly quit.

Many of them took to Twitter to announce they left the company. Reuters reported that Twitter’s security was kicking employees out on Thursday evening after they resigned. Multiple reports on Twitter discussed a “mass exodus” that is taking place.

Another report emerged that Twitter informed its staff that the company's offices will be temporarily closed and badge access will be restricted through Monday. This story appears to be confirmed by Alex Cohen, who was in charge of managing badge access to Twitter offices.

“I was laid off from Twitter this afternoon. I was in charge of managing badge access to Twitter offices. Elon just called me and asked if I could come back to help them regain access to HQ as they shut off all badges and accidentally locked themselves out,” Cohen wrote on Twitter.

According to Platformer, the engineers leading Elon Musk’s Blue verified project are also out, including the lead web engineer. Moreover, several other engineers who were looking after Twitter’s critical infrastructure have resigned. Twitter users are discussing the stability of the platform after reports emerged that the departures also include engineers responsible for fixing bugs and preventing service outages.

“This is going to look like a very different company tomorrow,” Zoe Schiffer, Platformer’s managing director, wrote.

“Elon Musk,” “#TwitterDown,” “Discord,” and “Tumblr” were trending topics worldwide in response to the ongoing Twitter drama.

Get The News You Want
Read market moving news with a personalized feed of stocks you care about.
Get The App

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes