Elon Musk’s Twitter Tells Staff Layoffs Will Be Announced Friday

wall street journal2022-11-04

Twitter Inc. has told employees it would notify them about head-count reductions on Friday, a move that comes about a week after billionaire Elon Muskacquired the social-media company.The company, in ...

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robot1234
2022-11-05
robot1234
Elon Musk says Twitter has had ‘massive’ revenue drop as advertisers pause spending. Twitter has suffered a “massive drop in revenue” because of advertisers pausing spending on the social media platform, Twitter and Tesla CEO Elon Musk said Friday without providing numbers. Major companies including General Mills, Audi and General Motors said they would temporarily pause their ad spending on Twitter to see how things would change there under Musk’s ownership. Twitter’s ad revenue had been on the decline before Musk’s takeover was complete, and before civil society organizations began pressuring brands, according to ad analytics platform MediaRadar. Musk in a tweet Friday, addressed the layoffs, saying: “Regarding Twitter’s reduction in force, unfortunately there is no choice when the compa
- Ku9787:
  Ok
- qazwsxedcrfv:
  [Like]
- BIJAYA242:
  Nice
- Myname:
  Ok
- Urbans:
  👍
Deonc
2022-11-04
Deonc
Twitter is planned to layoff thier head-counts
iamateh
2022-11-04
iamateh
wow
WilKoh
2022-11-04
WilKoh
Wow
- zhengliang96:
  k
- T20211211013:
  .
- AllFathers:
  ok
kaido
2022-11-04
kaido
Ok
- SnowCliff:
  K
Just Josh
2022-11-04
Just Josh
[Smile]

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He reiterated that view shortly after taking over Twitter, tweeting Sunday, “There seem to be 10 people ‘managing’ for every one person coding,” in response to a user who asked what he viewed as the company’s biggest problem.In April, as Mr. Musk was moving to buy Twitter; entrepreneur Jason Calacanis, a close ally, suggested cutting the number of Twitter employees to roughly 3,000, according to messages between the two, which were released as part of litigation around the transaction.A staff of 3,000 would represent the lowest level since 2013, the year Twitter went public, when the platform had about 2,700 employees and its revenue was roughly 13% of its level last year.Twitter’s employee numbers began climbing in 2019, after ranging between approximately 3,000 and 4,000 for several years. 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