Elon Musk says remaining Twitter employees will receive ‘very significant’ stock awards on March 24th

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Elon Musk says remaining Twitter employees will receive ‘very significant’ stock awards on March 24th
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“Those who remain are highly regarded by those around them,” Musk told employees in an internal memo.

The short memo, titled “Performance Awards,” is Musk’s first communication to Twitter employees since he laid off hundreds more of them without warning over the weekend, including several

and nearly all of the product team. Employees have been in the dark about exactly how Musk will compensate them for the stock awards they lost after he took Twitter private. In previous emails to them, he has alluded to the system he set up at SpaceX to let employees regularly sell private stock. Musk has made it hard for even those remaining to know the full scope of his cuts. The company’s internal directory remains offline and Musk shut down the ability for employees to. He then also disabled Google Chat for work emails, which is still turned off as of press time. Current and former employees I’ve spoken to estimate that Twitter’s total headcount is well below 2,000 now versus the roughly 7,500 employees there when Musk took over.

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