I think he found himself between a rock and a hard place having to buy Twitter, but now he is realizing he can’t make his money back and his attempts to alter the platform to his liking are failing miserably as well, he is probably dead set on killing it for good.
It is likely that some of his employees have contracts, and he might have to pay out the remainder of those contracts, depending on the details and national labor law.
I also think as he doesn’t align politically with a lot of ppl on Twitter, he might wanna phase it out slowly, so there’s no sudden jump in other platforms trying to take over the role of Twitter.
Ofc I have no evidence for that, but I could see him doing that.
Most of the employees that were in the US did not have contracts, so most of them could be let go at any given time. However, I recall that when he tried to fire a bunch of workers in Ireland, they just lawyered up, and their lawyers solved the issue.
In places where contracts are standard practice for employment, it’s a fairly common that when a company wants you out, they pay you a large amount of money or the remainder of the contract to leave and not return.
porque no los dos?
I think he found himself between a rock and a hard place having to buy Twitter, but now he is realizing he can’t make his money back and his attempts to alter the platform to his liking are failing miserably as well, he is probably dead set on killing it for good.
I’m not so sure.
He owns it outright now.
There are no other shareholders to answer to.
If he wanted to close it down tomorrow, he could just turn off the servers and sack everyone.
It is likely that some of his employees have contracts, and he might have to pay out the remainder of those contracts, depending on the details and national labor law.
I also think as he doesn’t align politically with a lot of ppl on Twitter, he might wanna phase it out slowly, so there’s no sudden jump in other platforms trying to take over the role of Twitter.
Ofc I have no evidence for that, but I could see him doing that.
How’d that go with all the other employees he sacked that had contracts? What’s the difference?
Most of the employees that were in the US did not have contracts, so most of them could be let go at any given time. However, I recall that when he tried to fire a bunch of workers in Ireland, they just lawyered up, and their lawyers solved the issue.
In places where contracts are standard practice for employment, it’s a fairly common that when a company wants you out, they pay you a large amount of money or the remainder of the contract to leave and not return.