Twitter, under the leadership of Elon Musk, has announced changes to its paid parental leave policy. Previously, Twitter had offered its employees an impressive 20 weeks of paid parental leave, but this has now been reduced to only two weeks. Furthermore, any additional leave will be dependent on the local laws of the employees’ region. While this decision is sure to be disappointing to many Twitter employees, it is part of a wider cost-cutting strategy that Musk has implemented since taking over the company.
One of Musk’s main criticisms of the previous management was that they were running Twitter like a non-profit organisation. In an effort to make Twitter more financially sustainable, Musk has laid off around 50 percent of the company’s workforce, leaving it with just 1,500 employees. He has also implemented other cost-cutting measures, such as cutting employee benefits like free lunches and closing some Twitter offices, including those in India.
The decision to reduce parental leave has caused controversy, with many questioning whether Musk’s actions are fair to Twitter’s employees. Furthermore, reaching out to the company to confirm these changes in parental leave policy has been made difficult by the fact that Twitter’s media email now only replies with a poop emoji.
Value our content... contribute towards our growth. Even a small contribution a month would be of great help for us.
Since five years, we have been serving the industry through daily news and stories. Our content is free for all and we plan to keep it that way.
Support HRKatha. Pay Here (All it takes is a minute)