Twitter sees sudden mass layoffs as Elon Musk admits ‘massive drop’ in revenue
By- Avnish kushwaha
Image Credit -Google
Elon Musk ended his first week as Twitter’s owner with an indelible mark by slashing
By- Avnish kushwaha
Image Credit -Google
Many employees spent the day tweeting their goodbyes, as Musk revealed brands had begun pulling their advertisements, leading to what he said was a “massive drop in revenue”.
By- Avnish kushwaha
Image Credit -Google
Musk will scale back misinformation and security protections on the platform. Advertising accounts for 90% of Twitter’s revenues.
By- Avnish kushwaha
Image Credit -Google
Reports in previous days had suggested the company had made plans to cut as many as half of its 7,500 workers worldwide
By- Avnish kushwaha
Image Credit -Google
Chris Younie, who works for Twitter in entertainment partnerships in the UK, tweeted: “Well this isn’t looking promising. Can’t log into emails. Mac won’t turn on.
By- Avnish kushwaha
Image Credit -Google
One employee told the Guardian that the platform could not “function as usual” on Friday because so many members of staff had been locked out of their employee work accounts.
By- Avnish kushwaha
Image Credit -Google
The cuts come as the company’s new billionaire owner scrambles to turn a profit one week after he purchased the platform for $44bn, a far higher cost than it was valued
By- Avnish kushwaha
Image Credit -Google
Last month, Musk had said he was “obviously overpaying for Twitter right now”.
By- Avnish kushwaha
Image Credit -Google
Musk blamed “activist groups pressuring advertisers”, accusing activists of “trying to destroy free speech in America”