Workers acquired no such data by the tip of the workday. “Persons are not joyful, to say the least,” tweeted Platformer journalist Zoë Schiffer, who tracks the corporate intently. 

However late final evening, Musk apparently despatched an e-mail to staff with a few of the much-anticipated particulars. Schiffer and the Wall Road Journal reported they obtained the message. 

Fortune reached out to Twitter for feedback however acquired no fast reply, not less than not from any people. (The corporate now not has a media communications crew.)

Within the e-mail, Musk acknowledged the unconventional adjustments at Twitter since his $44 billion takeover in October, however mentioned they have been wanted as a result of the corporate had been near working out of cash, in response to Schiffer. Now, monetary incentives for employees ought to align with the corporate, which is able to do periodic liquidity occasions, he reportedly wrote.

Twitter is providing staff new fairness grants that may begin to vest after six months, in response to the Journal, and in a couple of yr it’s going to provide a liquidity occasion wherein they’ll money out a few of that fairness.

The brand new grants will vest over 4 years, in response to the Journal, and will likely be separate from legacy fairness transformed to money when Musk took over.

Musk took Twitter non-public after shopping for it. In its final full yr as a public agency, it had greater than 7,500 staff and spent practically $630 million on stock-based compensation, in response to the Journal. As of December, the corporate had about 2,000 employees, following one spherical of layoffs after one other and drastic cost-cutting measures. 

Earlier this week, Musk despatched staff an e-mail at 2:30 a.m. saying the “workplace shouldn’t be elective,” complaining concerning the San Francisco workplace being half empty. Musk has been a fierce critic of distant work, suggesting distant staff solely “fake to work.”