Elon Musk starts Twitter layoffs

Elon Musk starts Twitter layoffs.

Employees are informe by the corporation that they will receive an email regarding their employment status on Friday morning. But now Elon Musk starts Twitter layoffs. According to a company-wide email received late Thursday, Elon Musk will start firing employees at Twitter on Friday in an effort to cut costs after buying the significant social network.

According to The New York Times and The Washington Post, the unsigned email stated that “we will go through the arduous process of downsizing our global work force” in an effort to “put Twitter on a healthy path.” 

Twitter workers will be informed of their employment status at the firm by 9 a.m. PT on Friday by email with the subject line “Your Role at Twitter.” It wasn’t immediately apparent how many of Twitter’s 7,500 employees will be affected by the layoffs.

Ex-CEO of Twitter Parag Agrawal and 2 additional fired executives received a combined $122 million in compensation: Equilar

According to Bloomberg on Wednesday, Musk intended to eliminate nearly 3,700 workers at Twitter, or roughly half of the workforce. The media source highlighted a complaint accusing Twitter of breaking the federal Worker Adjustment and Retraining Notification (WARN) Act, which mandates that big businesses give at least 60 days’ notice before major layoffs and seeks class-action status. The Washington Post reported on Musk’s plans to lay off employees in October, using internal documents and interviews as sources.

Musk, a frequent Twitter user, has claimed that he plans to unleash the company’s full potential. He has, however, also been one of Twitter’s harshest critics, charging that the firm “failed to adhere to free speech values” and misled him over the quantity of spam or bogus accounts on the site. When Musk attempted to back out of the transaction, Twitter sued him to keep the deal in place.

WhatsApp about the reason for Tuesday’s outage

According to a Time article from October, Twitter employees warned Musk and the company’s board of directors that staff reductions “would damage Twitter’s ability to serve the public debate.” The anonymous employees wrote in the letter that a threat of this size was “reckless, undermines our users’ and customers’ trust in our platform, and is an obvious act of worker intimidation.” The Post said at the time that Musk intended to reduce Twitter’s headcount by 75%, but the billionaire reportedly rejected this in a meeting with staff.

Musk has already outlined a number of improvements he intends to make to Twitter since assuming control, including the formation of a content moderation council. Other concepts revolve around earning money in ways other than advertising. This includes charging $8 per month for a membership service that would grant Twitter users access to features such as a verified blue checkmark.

Source: cnet