A week after removing Mr. Parag Agarwal, the former Chief Executive Officer (CEO) of Twitter and Legal Head of Twitter Mr. Vijaya Gadde, the new Twitter owner Mr. Elon Musk removed 50% of Twitter employees, globally. The layoffs include the removal of entire Twitter team of India, from different verticals including Production, Marketing, Engineering, Technical and others.
The mass layoffs were announced on the evening of the 4th of November, in order to revamp the micro blogging site. It is to be noted, after the takeover, Mr. Elon Musk, the CEO of Tesla and now Twitter boss has made many changes, mainly focusing to generate renewal for the social medial platform.
On Friday evening, Musk tweeted, “unfortunately there is no choice.” He further added, “Regarding Twitter’s reduction in force, unfortunately, there is no choice when the company is losing over $4M/day. Everyone exited was offered 3 months of severance, which is 50% more than legally required.” Blaming activists and revenue drop a reason for the mass layoffs, Mr. Elon Musk said, “Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists. Extremely messed up! They’re trying to destroy free speech in America.”
Head of Safety and Integrity at Twitter, Yoel Roth, took to the social media platform and confirmed that at least 50% of the workforce of (7,500 employees) has been affected by the mass layoffs company-wide.”
Notably, several Twitter staff received an email which read, “Employees in Twitter just got an email from their bosses saying layoffs are coming tomorrow. Those who are staying will get a note tomorrow in their work email. Those who are let go will get an email sent to their personal address. Slot machine-style layoffs.”
Amid the mass layoffs, several Twitter employees took to the social media platform to announce their departure. One Twitter employee Mr. Simon Balmain of Twitter (the United Kingdom) wrote, “Looks like I’m unemployed y’all. Just got remotely logged out of my work laptop and removed from Slack… So sad it had to end this way.”
Furthermore, the company also announced its charge of $8 per month for verified accounts on Twitter. The company is making efforts to generate revenue from micro blogging sites and taking steps to revamp and make a new moderation policy for the users and staff.
Stay tuned for further updates.
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