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Elon Musk is scrapping Twitter’s ‘vacation days’ from employee calendars: report

Elon Musk is scrapping Twitter’s ‘vacation days’ from employee calendars: report

Elon Musk has reportedly ended Twitter’s company-wide monthly day off that was instituted during the COVID-19 pandemic.

Bloomberg reported that Musk removed “vacation days” from employee calendars, citing sources familiar with the matter. In addition, the billionaire is reportedly planning to cut 3,700 jobs, ie half of Twitter’s workforceend the social media giant’s telecommuting policy, with some exceptions, and allow staff to return to the office full-time.

Representatives for Musk and Twitter did not immediately respond to FOX Business’ request for comment.

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The latest move follows a mass exodus of Twitter executives during Musk’s first week of ownership.

After closing its $44 billion acquisition on Oct. 27, Musk fired Twitter CEO Parag Agrawal, Chief Financial Officer Ned Segal and Head of Legal, Policy and Trust Vijaya Gadda. General counsel Sean Edgett also confirmed on Twitter that he is no longer with the company after several media outlets reported that he was involved in the layoffs.

In addition, several other Twitter executives have confirmed they are no longer with the company, including Twitter chief user officer Sarah Personette, director of people and diversity Dalana Brand and CEO of Core Technologies Nick Caldwell.

Musk also disbanded Twitter’s board, a change he said was “only temporary.” Its members included Agrawal, Chairman Bret Taylor and Members Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou.

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Other changes are coming to Twitter include forming a council to moderate content with “widely divergent viewpoints” and charging users US$8 per month to remain verified through its Blue subscription service.

Blue will also offer subscribers priority in replies, mentions and searches; the possibility of posting long video and audio tracks; half as many ads; and “paywall bypass” for publishers who want to work with the company. Musk added that Blue prices will be “adjusted per country in proportion to purchasing power parity.”

Individuals helping Musk reshape Twitter include Jared Birchall, head of Musk’s family office; his attorney, Alex Spiro; angel investor Jason Calacanis; PayPal founder, chief operating officer and venture capitalist David Sacks; Twitter’s head of security and integrity Yoel Roth; and Sriram Krishnan, former CEO of Twitter and general partner at venture capital firm Andreessen Horowitz.



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