Reports indicate that mass layoffs began on Twitter. above 50%Nearly 3,700 social media posts could be deleted.
Staff received a Thursday evening letter informing them of the start of layoffs. according toFor the New York Times. They were told not come to the office Friday.
Twitter employees started tweeting about their experiences. Some claimed that their access had been blocked, possibly in preparation for being fired.
These drastic cuts are consistent with other directives focusing on human resource management, including plans to cancelThe company’s policy of working from anywhere is a problem. about 1500 employees. The total job loss will likely be caused by those who are unable or unwilling to move into a physical workplace.
The job cuts have already been the subject of a lawsuit. Workers claimed that Twitter was laying off employees in violation of California and federal law. They filed a class action lawsuit in federal court in San Francisco. mentioned.
Friday marks the end to Elon Musk’s turbulent first Twitter Week. The world’s richest man is on a frenetic mission to cut costs, find new revenue streams and keep the company afloat.
Twitter blocked access to some content moderation tools and policy enforcement tools soon after Trump took office. This hampered employees’ ability to edit hate and disinformation. Bloomberg Reports.
Advertisers were concerned by the early chaos. Big Brands That Pull Ads From the site while they wait for a more coherent view of exactly what Musk envisions — and how he intends to tweak the platform.
Musk posted a tweet on Friday during the mass shootings. He blamed “activist” groups for the chaos and a “massive decline” in advertising. He also attempted to portray advertisers, who he claimed, were enemies of free speech.
Musk’s acquisition Twitter has resulted in $13 billion in debt (and Made in Saudi ArabiaThe second largest investor in the company. As a result, the company will now have to pay approximately $1 billion annually in interest expense, despite not turning in regular profits.
So far, there have been potential monetization plans. Charging a monthly fee to usersTo be verified by users To ship video contentThis would effectively make Twitter a competitor to OnlyFans.
It is not clear how much money either of these methods might generate. If this last option is not implemented properly, it could be disastrous. It can be very expensive.
Many users who have already been verified have declined to pay the blue check mark. Although verification is now viewed as a status code on this platform, its original purpose (and much more important) was to reduce misinformation.
Author King StephenMusk himself summarized the idea in a short interview this week.
“$20 per month to keep the blue checks” The King tweeted on MondayTo 6.9 Million Followers. “Damn, they should pay me. If this is forced, I will go like Enron.”
“We must pay the bills somehow!” Musk replied. Twitter cannot rely on advertisers alone. How about 8 dollars?
Twitter employees are remarkable He told the Washington PostSince the deal was closed on October 27, Musk has not spoken to them or provided any official communication. This is despite Musk firing several of Twitter’s top executives including CEO Parag Agrawal, and the rest C-suite.
Musk was also present in the midst all the chaos of the week. I found time to spread a false conspiracy theoryOn Twitter, Nancy Pelosi’s assassination attempt caused serious injuries to her husband. He silently deleted the tweet hours later.
Lisa Heron contributed to this article.
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