Twitter loses payroll department and other financial employees as part of mass resignation under Elon Musk

Muhammed Selim Korkutata / Anadolu Agency

  • Elon Musk’s ultimatum to Twitter workers didn’t go as planned.

  • Several hundred workers and some entire departments quit on Thursday.

  • One department affected by a huge wave of resignations is finance, including payroll.

A large part of Twitter’s financial organization, including its payroll department, left the company on Thursday in response to an ultimatum from Elon Musk that apparently backfired.

Along with the resignation of the payroll department, Twitter’s US tax team and its financial reporting team also resigned, two people familiar with the matter said, matching several internal messages seen by Insider. All three segments of the company were part of Twitter’s financial and accounting organization. While accounting was “less affected” by the resignations on Thursday, that part of the organization is also smaller now, one of the people said.

The employees will be paid again next week, a former worker said. While those payments have likely already been approved, the next round of payments will not have been, the person said.

“What happens in another two weeks?” asked the person. “When everyone who can approve something is gone.”

“Now we will never see our money,” said another former employee. All of the people who spoke to Insider asked not to be identified discussing sensitive matters. An email seeking comment from Twitter last night was not returned.

The loss of payroll and other finance department employees occurred as part of a mass resignation by Twitter workers who refused to sign up for Musk’s proposed “Twitter 2.0.” In an email Tuesday, the billionaire, who took over Twitter about three weeks ago, said the platform would now be an “extremely tough” and highly engineered place to work. He told the entire company to decide by Thursday at 5 pm ET if they wanted to continue working on this version of Twitter. The ones that did were click on a link included in the email. Those who did not click on the link, which had only a “yes” option, would be considered to have decided to be part of a voluntary redundancy and would receive three months’ pay as severance, Musk said.

By the time the deadline passed, less than 50% of Twitter employees had signed up for Musk’s Twitter 2.0, as Insider reported. Musk, members of his personal transition team and some leaders left behind on Twitter made personal calls and held meetings with several workers in an effort to keep them at the company. While some agreed, most did not.

By the end of Thursday, Twitter lost several hundred more employees and an internal Slack channel was “flooded” with the greeting emoji, used by Twitter workers to say goodbye to colleagues.

Earlier this month, Musk laid off about 3,500 employees. Combined with Thursday’s resignations, two workers estimated there probably are fewer than 2,000 employees left at the company.

Are you a Twitter employee or someone else with information to share? Contact Kali Hays at [email protected], in the secure messaging app Sign at 949-280-0267, or via Twitter DM at @hayskali. Contact a non-working device.

Read the original article on Business Insider

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