NEW YORK (Nettavisen): Elon Musk is carrying out a massive Twitter cleanup after taking over the company for just over NOK 440 billion.
– Free lunch for NOK 4,000
Musk has already laid off about half of the 7,500 employees and has simultaneously announced tougher times for the rest.
One of the things Musk has now grappled with is the cost of food at Twitter’s San Francisco headquarters.
According to Elon Musk, the free lunch at Twitter’s office costs the company more than $400, or about 4,000 kroner for each meal per person, because hardly anyone is in the office, he writes. Insiders.
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Musk, who has communicated to his employees on Twitter that there is no longer a home office and that the company is heading for tough times, says he’s checked how many people log into the headquarters and says it’s less than 10 percent. At most, only 25% of employees visited the office.
Musk’s information came Sunday after the New York Times reported that the Twitter employee now has to pay for food at work out of pocket.
– There are more people making breakfast than there are making breakfast. They don’t even bother serving dinner, because there’s no one in the building, Musk says.
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– This is a lie
According to the CEO, Twitter spends more than $13 million, or about NOK 130 million, a year on lunch and food for employees at its San Francisco headquarters.
One of Twitter’s employees, Tracy Hawkins, is now taking to Twitter herself and refuting the costs Musk refers to. Hawkins, who according to her LinkedIn profile is the company’s vice president of real estate and job transformation, believes the CEO is lying.
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– This is a lie. I ran this program up until a week ago when I left because I didn’t want to work for Elon Musk, he writes on Twitter.
– For breakfast and lunch we spent between 20 and 25 dollars per person. This allowed employees to work during lunch and meetings. Attendance was between 25 and 50 percent in the office, he writes.
According to Insiders on the other hand, Musk argues that these figures are incorrect. They write that this could be because Hawkings is referring to figures from the entire company, while Elon Musk has been dealing exclusively with Twitter headquarters in San Francisco.
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– There’s no way to put it right
In a message last week, Musk wrote that employees who work from home must immediately return to the office for at least 40 hours a week.
It was Musk’s first communication to the entire company since taking over as CEO.
– There is no way to put it right, Musk wrote before discussing the difficult times for the company.
– Without sufficient revenue for subscriptions, there is a high probability that Twitter will not survive the impending economic downturn, he wrote.
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The Twitter takeover was costly for Musk, who is said to have taken out loans totaling NOK 130 billion to fund it. This means that he has to pay around NOK 10 billion in interest annually.
Last week it became known that Musk had sold Tesla shares worth around NOK 40 billion. He also announced a payment service where Twitter users can get accounts marked as verified for around NOK 80 per month.
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– You’re too busy
Elon Musk is due to appear in court and therefore missed Monday the B20, a business conference in Indonesia to be held in conjunction with the G-20 meeting in Bali this week.
The reason is that the new owner of Twitter is involved in a lawsuit that will go before the Delaware state court in the United States in the next few days.
Instead, Musk digitally participated in an hour-long conversation about future technological innovation.
– I’m too busy at the moment, that’s for sure, Musk said at the conference, second Reuters.
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The lawsuit concerns a compensation package worth $56 billion, equal to NOK 560 billion, which the 51-year-old received from Tesla in 2018.
It had been approved by shareholders at the time, but according to the plaintiffs it was not justified because Musk, as the majority shareholder, was leading a transaction approved by a board he controls. The judge in the case is the same one who ruled last month that the 51-year-old must comply with the Twitter takeover.
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