Twitter layoffs: Ever since Elon Musk completed the $44 billion worth Twitter acquisition, he has cut down the workforce in order to reportedly strengthen the company’s profitability as it was making losses.
Tesla's share price has dropped around 17 per cent since the Twitter takeover by SpaceX and electric carmaker CEO Elon Musk.
These new layoffs at Twitter come at a time when the micro-blogging platform has already sacked nearly 50 per cent of its overall staff and close to 90 per cent of its India team.
For the unversed, Twitter Files have caused a stir on the social media platform as old chapters like some controversial decisions taken by the company during the US Presidential elections, have come back in the limelight.
Apart from 'rehiring' Ligma and Johnson, Musk has also reportedly fired Twitter employees who allegedly criticised him either on social media or in its internal Slack messaging system.
"I just killed it," he said in a tweet replying to a web video producer Marques Brownlee's tweet of the 'Official' label vanishing after a brief appearance
Elon Musk, the Chief Twit has reportedly asked the team leads in all these departments to agree unanimously to sack more Twitter employees.
In April and August, Elon Musk has sold a combined $15.4 billion worth of Tesla shares, with $8.4 billion in April and around $6.9 billion in August.
The development comes a few days after Twitter sacked almost 50 per cent of its workforce globally, in an effort to reduce costs as the company was reportedly...
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Several users reported issues in accessing Twitter on Friday morning. The news came amid reports that Twitter is preparing to lay off several employees.
Twitter said in an email to staff that it would send an alert to its employees by 9 am Pacific Time on Friday about staff cuts at the company.
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Even before this, several reports surfaced claiming the likelihood of 75 per cent Twitter workforce being sacked by Elon Musk.
One person with boxes of personal belongings outside Twitter office in the United States made a series of claims before the media.
Musk's comments came a day after he completed the $44 billion acquisition of the social media giant
Agrawal took over as the Chief Executive Officer of Twitter in 2021 after founder and former CEO Jack Dorsey resigned
Since the Twitter deal has been completed, many have been asking why Agrawal, 38, is among the first ones to be allegedly fired by Musk
Musk tried to soothe leery Twitter advertisers saying that he is buying the platform to help humanity and doesn’t want it to become a 'free-for-all hellscape'
