As I explained in my previous post I am a former Tweep, or a former employee of Twitter, who has some thoughts about Elon Musk’s plan to purchase the company. Today I want to discuss the leaked audio from the 4/25 Twitter All-Hands call. If you don’t know what I’m talking about you can listen to it below (unless the video gets removed):
My Thoughts about The Latest Twitter All-Hands Call
This Twitter All-Hands call wasn’t much different than the ones I went to while employed at Twitter. The executives would talk for a bit then open up the call to questions. Any employee could ask a question in the meeting’s specific Slack channel and moderators would relay them to the executives for answers. Sometimes things got heated in the channel because some employees would get upset or have strong feelings about a particular topic. It sounds like the same happened in this meeting.
Tweeps Worrying About Their Jobs
I don’t blame the current Twitter employees worrying about their jobs. Even though the executives said their won’t be layoffs now, I believe there will be in the future. It all depends on Elon Musk’s vision for the company. If I had to guess I believe many people in the Sales/Marketing departments would be the first to go if Musk pivots away from advertising. Yet, the individuals writing the code powering the application and the individuals working in the data centers will keep their jobs. Because Musk needs them.
In addition to those worries, many employees want to know if they can keep working from home. Twitter is one of the Silicon Valley companies offering full-remote working. However, Elon Musk isn’t a fan of that working model. That’s probably due to him owning companies where the employees do have to work in the office. It’s hard to build cars at home. Will the remote-working option go away? There’s a possibility. Other tech companies like Apple and Google told their employees to come back into the office. Musk could implement a rule like that too.
To wrap up this section I will give some advice to the current Tweeps: Update your resume and start looking for another job. Yes, the deal will take 3 to 6 months to complete but don’t wait until then to start your job search. Look now and put yourself into a concrete position instead of the steady one you are in now.
Tweeps Worrying About Their Money
Many of the current Tweeps worry about their Restricted Stock Units (RSUs). Unfortunately, I didn’t have RSUs when I worked at Twitter because I wasn’t in Software Engineering. However, I do know some current Tweeps who have these units and worry about losing them. Right now the executives said the RSUs will vest but who knows if that will change in the future. Plus, the RSUs don’t fully vest for 4 years, which is a long time to stay with a company going through big changes.
Other Tweeps worry about their salaries being cut, or losing out certain perks. Twitter does offer great perks now but that could change when the company goes private. There may not be any free food and snacks. Or the health benefits could change for the worse. I learned from the call that the Employee Stock Purchase Program (ESPP) will stop. That was a great way to buy Twitter’s stock. I still own the shares I purchased from the ESPP.
To wrap up this section I will give some advice to the current Tweeps: Start reducing your spending now. Learn to live on less.
Tweeps Believe They Own Twitter
I totally agreed with the current CEO when he told the employees none of them own Twitter, including him. It seems too many employees think they have the right to dictate the direction of the company. Well, they don’t. If they want to control a company go start one yourself. That’s what I did.
I always thought many of the employees working at the company were spoiled and soft. I had to pay my dues in IT after switching careers over a decade ago. And I worked for all types of employers, good and bad. I didn’t have good perks, let alone a good work-life balance. To me, many of the current Tweeps don’t understand how good they have it. Thus, they pitch a fit and show their entitlement.
Or maybe they do know how good they have it and worry about losing it. I know employees there right now who get paid a large salary and don’t do much work. Those individuals have to know if they go to another company their workload will increase and their pay will probably decrease. Sucks for them but that’s the breaks.