Subject category:
Human Resource Management / Organisational Behaviour
Published by:
Ivey Publishing
Version: 2023-07-06
Length: 16 pages
Data source: Published sources
Abstract
By early November 2022, Elon Musk, the new owner of the social media platform Twitter, had fired approximately 75 per cent of the company's workforce. The decision regarding which employees to dismiss was based both on low performance criteria and unwillingness to commit to a new demanding corporate culture. Twitter had mainly incurred losses since its launch in 2006. Musk acquired the company after several glitches in the purchase agreement regarding the accuracy of verified versus fake (spam) Twitter accounts. Musk's new corporate vision, which he termed 'Twitter 2.0', would require employees to work long hours at Twitter's offices. This plan was in stark contrast to the work-from-home policy that had been established by the company's previous leaders. Musk also fired large numbers of employees without appropriate notice. Understandably, these actions generated negative responses from fired employees. But there were also concerns from observers regarding the damaged brand image of Twitter under Musk's leadership. Could Musk lead a positive change in Twitter's culture? Could he improve the company's employer brand value? What traits and strategies should he consider to become a more responsible leader?
Teaching and learning
This item is suitable for undergraduate and postgraduate courses.Location:
Industry:
Size:
Large
Other setting(s):
2022
About
Abstract
By early November 2022, Elon Musk, the new owner of the social media platform Twitter, had fired approximately 75 per cent of the company's workforce. The decision regarding which employees to dismiss was based both on low performance criteria and unwillingness to commit to a new demanding corporate culture. Twitter had mainly incurred losses since its launch in 2006. Musk acquired the company after several glitches in the purchase agreement regarding the accuracy of verified versus fake (spam) Twitter accounts. Musk's new corporate vision, which he termed 'Twitter 2.0', would require employees to work long hours at Twitter's offices. This plan was in stark contrast to the work-from-home policy that had been established by the company's previous leaders. Musk also fired large numbers of employees without appropriate notice. Understandably, these actions generated negative responses from fired employees. But there were also concerns from observers regarding the damaged brand image of Twitter under Musk's leadership. Could Musk lead a positive change in Twitter's culture? Could he improve the company's employer brand value? What traits and strategies should he consider to become a more responsible leader?
Teaching and learning
This item is suitable for undergraduate and postgraduate courses.Settings
Location:
Industry:
Size:
Large
Other setting(s):
2022