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2022-11-22

Twitter Layoffs 2022: What to Know About the Latest TWTR Job Cuts

According to reports, new Twitter Chief Executive Elon Musk isn’t done laying off employees.Heads of

Twitter Layoffs 2022: What to Know About the Latest TWTR Job Cuts

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Kristo
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It seems Musk’s rampage hasn’t quite reached its fever pitch.</p><p>Musk isn’t quite finished with his firing spree, with reports that more layoffs could come as soon as Monday following a drastic Friday meeting. After demanding a more “hardcore” work environment, Musk has faced a virtual firestorm as large swathes of engineers and other technical employees opt for severance pay, resigning in droves.</p><p>Musk gave employees the option of staying on and working “long hours at high intensity” or accepting a three-month severance package, and many employees quickly jumped on the latter. It seems, however, it’s still not enough for the infamous Tesla (NASDAQ: <b>TSLA</b>) chief executive.</p><p>While Twitter was delisted from the <b>New York Stock Exchange</b> upon Musk’s ownership, the company’s public blows haven’t gone unnoticed. A number of major brands have ceased ad spending on the platform in response to Musk’s drastic measures. This has fed rumors that the company may be on the path to bankruptcy, something even Musk himself has given credit to.</p><p><b>More Twitter Layoffs Coming as France Head Quits</b></p><p>With rumors that Musk’s firing rampage may only be in its infancy despite more than half of its employees having left the company, a few resignations in particular have grabbed headlines.</p><p>This includes Twitter’s Head of French Operations, Damien Viel. He tweeted “It’s over” on Sunday, announcing his resignation on the very platform he helped run.</p><p>Viel later confirmed the report to Reuters while declining to offer details on the conditions of his resignation. Viel was the head of Twitter’s French segment for seven years prior to his departure.</p><p>He was not alone, however. Robin Wheeler and Maggie Suniewick, the now-former Heads of Marketing and Sales, and Partnerships, respectively, reportedly lost their jobs Friday after refusing to layoff more employees at Musk’s behest. According to anonymous sources from <i>Bloomberg,</i> Wheeler in particular had decided to resign even earlier this month, but was temporarily convinced to stay.</p><p>Despite the turmoil, Musk himself has been rather active himself on the social media platform. He has been boasting about usage numbers, restoring former President Donald Trump’s Twitter account and generally poking fun at the situation via some very odd memes.</p><p>Whether Musk achieves his loftiest Twitter dreams or plunges the platform into bankruptcy is anyone’s best guess at the moment.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Twitter Layoffs 2022: What to Know About the Latest TWTR Job Cuts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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It seems Musk’s rampage hasn’t quite reached its fever pitch.Musk isn’t quite finished with his firing spree, with reports that more layoffs could come as soon as Monday following a drastic Friday meeting. After demanding a more “hardcore” work environment, Musk has faced a virtual firestorm as large swathes of engineers and other technical employees opt for severance pay, resigning in droves.Musk gave employees the option of staying on and working “long hours at high intensity” or accepting a three-month severance package, and many employees quickly jumped on the latter. It seems, however, it’s still not enough for the infamous Tesla (NASDAQ: TSLA) chief executive.While Twitter was delisted from the New York Stock Exchange upon Musk’s ownership, the company’s public blows haven’t gone unnoticed. A number of major brands have ceased ad spending on the platform in response to Musk’s drastic measures. This has fed rumors that the company may be on the path to bankruptcy, something even Musk himself has given credit to.More Twitter Layoffs Coming as France Head QuitsWith rumors that Musk’s firing rampage may only be in its infancy despite more than half of its employees having left the company, a few resignations in particular have grabbed headlines.This includes Twitter’s Head of French Operations, Damien Viel. He tweeted “It’s over” on Sunday, announcing his resignation on the very platform he helped run.Viel later confirmed the report to Reuters while declining to offer details on the conditions of his resignation. Viel was the head of Twitter’s French segment for seven years prior to his departure.He was not alone, however. Robin Wheeler and Maggie Suniewick, the now-former Heads of Marketing and Sales, and Partnerships, respectively, reportedly lost their jobs Friday after refusing to layoff more employees at Musk’s behest. According to anonymous sources from Bloomberg, Wheeler in particular had decided to resign even earlier this month, but was temporarily convinced to stay.Despite the turmoil, Musk himself has been rather active himself on the social media platform. He has been boasting about usage numbers, restoring former President Donald Trump’s Twitter account and generally poking fun at the situation via some very odd memes.Whether Musk achieves his loftiest Twitter dreams or plunges the platform into bankruptcy is anyone’s best guess at the moment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":365,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":104907705,"commentId":"104907705","gmtCreate":1669078402733,"gmtModify":1669078415431,"authorId":3557634928383187,"author":{"id":3557634928383187,"idStr":"3557634928383187","authorId":3557634928383187,"name":"Kristo","avatar":"https://static.tigerbbs.com/07075676425d47f31685477722d0d415","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9968038368,"objectIdStr":"9968038368","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"ok","text":"ok","html":"ok","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}