Twitter CEO Elon Musk is not just worried about bots or fake accounts on the social media platform. He is also suspicious and concerned about fake employees. Last week, Musk laid off thousands of employees in various departments and said there was no choice when the company lost millions of dollars daily.
According to a New York Times report, during the layoff process, Musk allegedly requested a payroll audit to confirm employees receiving bonuses were “real humans” before they were laid off.
According to the Times, Musk was worried that “ghost employees” were still on the company books and would get the money.
The report said that Musk wanted to lay off Twitter’s work staff before employees received scheduled bonuses.
On Oct. 28, Musk asked the HR team about making job cuts immediately. Twitter employees were due to receive their vested stock as a regularly scheduled retention bonus on Nov. 1. So Musk thought it would save money by asking people to leave before that date.
But the HR team told Musk that laying people off before then could mean millions of dollars in legal fees and fines. So Musk delayed the process, according to the Times.
The publication reported that Twitter’s chief accounting officer Robert Kaiden was asked to conduct the audit. Following the order, he asked managers to confirm if they knew certain employees and verify whether they were human.
Musk is aiming to reduce the company’s costs, not only because Twitter is facing a high burn rate, but also because he needs to repay the $13 billion in debt he raised to swing the takeover.
Musk purchased Twitter for $44 billion and is under pressure to cut costs after making a deal in which he overpaid, according to some analysts.
Image and article originally from www.benzinga.com. Read the original article here.