Image Credit -Google

Elon Musk’s Twitter layoffs, explained

By- Avnish kushwaha

Image Credit -Google

Twitter embarked on a massive regime of layoffs Thursday and Friday, decimating entire divisions of the social media platform now owned by tech mogul Elon Musk

By- Avnish kushwaha

Image Credit -Google

Musk has said Twitter’s workforce was too large and placed too much emphasis on content moderation, platform safety, product development and marketing.

By- Avnish kushwaha

Image Credit -Google

Elon Musk begins mass layoffs at Twitter But in buying out Twitter’s shareholders, Musk paid $44 billion for a company that lost $221 million last fiscal year.

By- Avnish kushwaha

Image Credit -Google

Twitter needs to boost its profit margins, said Josh White, an assistant professor of finance at Vanderbilt University.

By- Avnish kushwaha

Image Credit -Google

Musk on Friday morning tweeted that the company’s top source of revenue, advertising, has faced a sharp decline since his takeover.

By- Avnish kushwaha

Image Credit -Google

In one of Musk’s first moves as Twitter’s majority shareholder, he fired some of the company’s top executives, including the CEO, chief financial officer and general counsel.

By- Avnish kushwaha

Image Credit -Google

The Friday layoffs were expected to target the sales, trust and safety, marketing, product, engineering and legal divisions.

By- Avnish kushwaha

Image Credit -Google

Musk said the company offered three months of severance pay to everyone laid off

By- Avnish kushwaha

Image Credit -Google

A broad international cross-section of major corporations have pulled their advertisements, or at least paused ad campaigns

By- Avnish kushwaha

Image Credit -Google

 Automakers Ford, General Motors and Volkswagen, including its Audi brand companies have stopped advertising on Twitter

By- Avnish kushwaha