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Elon Musk plans to come after Twitter’s free lunches, days after telling employees they’re no longer allowed to work from home: report

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Twitter HQ and Elon Musk composite

Elon Musk.David Odisho/Getty Images; Gotham/Getty Images

Days after slashing half of Twitter’s workforce and U-turning on its remote work policy, new CEO Elon Musk is mulling another cost-cutting strategy: charging for meals that were previously provided for free at the company headquarters in San Francisco.

The conversation surrounding free meals at Twitter headquarters began on Friday, when the New York Times reported that Musk plans to begin making employees pay for lunch at the company cafeteria.

On Sunday, Musk kicked off another debate on Twitter when he tweeted that the estimated cost per lunch served in the past 12 months exceeded $400, with annual food service costs estimated to be around $13 million in the San Francisco Twitter headquarters.

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“Especially bizarre given that almost no one came to the office,” Musk tweeted.

His polarizing comments drew backlash from a former Twitter employee, who said she ran the free lunch program at the company headquarters. Tracy Hawkins, the former vice president of work transformation at Twitter, hit back at Musk, saying the meals cost about $20 to $25 a day per person.

Musk and Hawkins also traded words over occupancy rates at headquarters, with Musk stating peak occupancy was at 25% while the average occupancy was below 10%. Hawkins challenged the numbers and said office occupancy was between 20% and 50%. Neither provided a timeline to peg their data to, although Musk said badge in records substantiated his claim.

As Musk and Hawkins parried, Twitter users weighed in on the subject. Some said Musk was destroying Twitter’s work culture, while others criticized Twitter’s free lunch program, saying these meals are a privilege, not a right.

The potential pullback of the employee perk comes days after Musk scrapped Twitter’s work from home policy and mandated employees to return to the office for at least 40 hours a week. Doing away with free meals is one of the many cost-cutting measures Musk has either weighed or implemented in the weeks since he bought Twitter for $44 billion on October 27.

Within one week of acquiring Twitter, Musk fired 50% of the company’s employees. Musk moved on to laying off Twitter’s contract staff over the weekend, with some affected employees saying they weren’t given proper notice of impending layoffs.

Hawkins did not immediately respond to Insider’s request for comment. Twitter did not immediately respond to Insider’s request for comment.

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Ottawa expands price caps to Russian petroleum products to reduce revenues

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OTTAWA — The federal Finance Department says Canada is joining its fellow G-7 countries plus Australia to expand caps on Russian oil to include seaborne petroleum products from that country.

The department says the maximum price for seaborne Russian-origin petroleum will be US $100 per barrel for “premium-to-crude” products as of Sunday, and US $45 for “discount-to-crude” products.

It says in a press release the new caps build on a Russian crude oil price limit announced in December, adding both moves will weaken President Vladimir Putin’s ability to fund the war against Ukraine.

The Department of Finance says the caps will be enforced by prohibiting buyers who do not abide by the price caps from obtaining services from companies in the G7 or Australia.

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It says the price cap mechanism has been designed to reduce Russian revenues while recognizing the importance of stable energy markets and minimizing negative economic effects.

Finance Minister Chrystia Freeland says Russian oil revenues have already declined since the first price cap took effect and the additional price caps “will be another blow to Putin’s war chest.”

This report by The Canadian Press was first published Feb. 4, 2023.

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This story was produced with the financial assistance of the Meta and Canadian Press News Fellowship.

 

The Canadian Press

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Adani crisis ignites India contagion fears, credit warnings – Al Jazeera English

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  1. Adani crisis ignites India contagion fears, credit warnings  Al Jazeera English
  2. Indian tycoon Adani hit by more losses, calls for probe  CP24
  3. Adani Flagship Shelves $122 Million Bond Plan After Market Rout  BNN Bloomberg
  4. How Adani selloff stacks up against the biggest stock collapses  Deccan Herald
  5. Adani response to Hindenburg report: Embattled corporations invoking nationalism, or national sentiment, is not unheard of  The Indian Express
  6. View Full Coverage on Google News

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Jobs report is a 'fairytale scenario' for markets, economist says – Yahoo Finance

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Jobs report is a ‘fairytale scenario’ for markets, economist says  Yahoo FinanceView Full Coverage on Google News

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