A Photoshopped image of a gravestone with a Twitter logo, and a man with a Twitter logo covering his face kneeling over the grave.
Enlarge / Elon Musk tweeted this image as his stay-or-leave ultimatum deadline passed.

All remaining employees were forced to choose between staying and meeting Musk's demands or leaving and taking a three month's pay cut. Musk had told staff to work long hours in order to keep their jobs.

"If you are sure that you want to be a part of the newTwitter, please click yes on the link below," Musk wrote. Three months of separation will be given to anyone who hasn't done so by tomorrow.

According to reports, hundreds of employees didn't fill out the form and left the company. All office buildings have been closed and employee badges have been disabled until Monday.

A source familiar with the notes said that over 500 employees wrote farewell messages on Thursday.

Musk said he was not worried because the best people were staying.

Half may have left, but reports vary

It's not clear how many people decided to stay at the micro-blogging site. It's possible that the company will be left with a skeleton staff due to the fact that it no longer has a communications department.

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Business Insider reported last night that less than half of the company's 4,000 employees chose to stay at the company.

The company had over 7,000 employees when Musk took over. About half of them were laid off a week later, but the company wanted to know if they were laid off accidentally. Thousands of contractors were laid off and Musk banned remote work.

There were rumors that 75 percent of the remaining employees left. It's possible that percentage is true in certain parts of the company. One person told The Wall Street Journal that about 50 percent to 75 percent of the employees told their colleagues they were leaving.

A survey of almost 250 people came up with a departure percentage of over 75%.

On Blind, a social platform where anonymous users talk about their workplaces, a poll of nearly 250 people associated with Twitter showed that about 73 percent favored taking the severance package over staying. People who decided to stay still believed in Twitter's mission of giving people a voice or had visas tied to their jobs or other personal reasons, two people said.