Twitter’s payroll department walks out
23 November 2022
The CIPP doesn’t usually report on big businesses and their management, however this time around is different. The social media site, Twitter, bought by Elon Must just weeks ago, issued an ultimatum to its employees: join the company for 'Twitter 2.0' or it will be assumed you are taking voluntary redundancy.
Following this email, it is reported that the entirety of the payroll department, tax team and much of accounting opted for the latter. At the deadline, less than 50% of employees chose the former.
With no payroll team, remaining employees may not be paid on time, if at all. Huge effort, and potentially cost, will now go into damage limitation around the payroll function in an attempt to get workers paid. In addition, severance payments need to be made to those who chose to leave, more work for the incoming payroll team who may be unfamiliar with systems and processes.
As more information becomes available the situation may change. But what this highlights is the importance of the payroll function, not only in keeping people, but maintaining the faith and goodwill needed between employees and employers.
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