Home » Twitter/X News • US Employment News » Elon Musk cuts Twitter staff’s perks and reduces expenses as he continues cost-cutting

Elon Musk cuts Twitter staff’s perks and reduces expenses as he continues cost-cutting

By Nithya Bose in Twitter/X News, posted November 24, 2022

Elon Musk is making more changes to Twitter by removing several employee benefits and allowances.

A mail sent from Twitter's HR department says it is embarking on a new period of restrained spending under Musk's leadership.

It said the company will no longer cover some employee costs, changes the vacation policy, and puts an emphasis on in-office work.

The maximum amount granted for work-related trips has been capped, which mean these trips are expected to become rarer.

The email said: "We're facing a challenging economic climate where greater attention to cost management is essential.

"The future of Twitter is super bright if we can work together to be wise stewards of the company's resources."

Musk has also told Twitter staff to work in the office seven days a week from Monday, November 21.

As Musk has said in previous emails, "exceptions" will be permitted to allow workers to continue working from home on a case-by-case basis.

Musk earlier eased his stance on working from home, which was provided to all Twitter employees under a decision made by previous CEO Jack Dorsey.

Dorsey is now a shareholder in Musk's new world.

All costs linked with "wellness," "productivity," and "new hire productivity," as well as home internet or WiFi costs, have been withdrawn.

Expenses covered for training and development, or "learning" like Camp Twitter, a company-wide group activity, and any smaller team events are also on the list.

A temporary concession for COVID-related daycare costs is also being phased out.

Other costs, including regular work-related expenses, have also been reduced.

The email said: "Allowances will be reevaluated over time and may be added back when the company's financial situation improves.”

Other expenses, including regular work-related expenses, have also been dropped.

The monthly limit for a mobile phone bill is $50, and the daily allowance for food while on a business trip is now $75.

Meanwhile, the overall expense limit for any type of work-related travel has been "revised" by seniority level.

The modifications apply to any costs incurred after November 1.

It also stated cost reimbursements are now taking longer than normal "due to high submission volumes."

It's partly because layoffs and resignations have caused many staff to leave the firm, including those with the power to authorize employee expenses.

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That means Twitter employees will have to pay for many of the meals the firm will provide when previously everything was free.

Any travel at Twitter must now be "for business-critical purposes," and a cost estimate must be authorized by a manager "prior to making any arrangements."

Aside from that, Musk is imposing new constraints on the process for larger-scale procurement of things that the firm may require.

Source: Insider

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