Payroll and Tax Departments bailed. "Why don't they have sophisticated software and/or a payroll company" one might ask. Well, they likely do, but the actual payroll changes from pay period to pay period due to many things including varying time worked, pay changes, terminations, payouts, individual changes in residence, deductions, garnishments, changes in benefits charges, and yada infinitum. Somebody within the company has to make and check all those changes before the software can run or before the data is released to ADP or somebody. And it's not something that you can just say "Heather, here's the payroll system manual - can you do payroll next week" There's a lot to it, it's very complicated, and even if they could hire new highly experienced payroll pros (as if), they wouldn't be able to get a handle on Twitter chaos quickly.
Elon Musk's ultimatum for Twitter workers did not go to plan.
Several hundred workers and some entire departments resigned on Thursday.
One department hit with a large wave of resignations is finance, including payroll.
A large portion of Twitter's financial organization, including its payroll department, left the company on Thursday in response to an ultimatum from Elon Musk that has seemingly backfired.
Along with the payroll department resigning, 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 finance and accounting organization. While accounting was "less impacted" by resignations on Thursday, that part of the organization is smaller now, too, one of the people said.
Employees are set to get paid again next week, one former worker said. While those payments are likely to have been already approved, the next round of payments will not have been, the person said.
"What happens in another two weeks?" the person asked. "When everyone who can approve something is gone."
"Now we'll never see our money," another former employee said. All the people who spoke with Insider asked not to be identified discussing sensitive matters. An email seeking comment from Twitter last night was not returned.
And what's more...
Staff who didn't sign up for Elon Musk's "hardcore" Twitter say they still have access to systems.
Twitter workers have speculated this is because the team that cuts off access have also resigned.
Less than half of Twitter's workforce wanted to sign up for Musk's "Twitter 2.0."
Elon is now threatening to out any advertisers that pull out, accusing them of being anti-free speech. I doubt this will discourage many or any from leaving, but I know that it will dissuade potential new advertisers from ever signing on. It's a mystery how Musk ever succeeded in business.
Good point, but I suspect that the 22% is heavily weighted towards the advertising-desirable teen/youngish adult demographic.
Mush.
