Twitter layoffs

“From space exploration to electric vehicles, Elon knew these industries needed transformation, so he did it,” she wrote. “More recently it has become increasingly clear that the global town square needs transformation—to drive civilization forward through the unfiltered exchange of information and open dialogue about the things that matter most to us.” Building Twitter 2.0 Together Hello Twitter! People keep asking me: Why Twitter? So, I’ll tell you. From space exploration to electric vehicles, Elon knew these industries needed transformation, so he did it. More recently it has become increasingly clear that the global town square needs transformation—to drive civilization forward through the unfiltered exchange of information and open dialogue about the things that matter most to us. Have you ever been talking with someone particularly insightful and thought, You’re brilliant—everybody should get the chance to hear this. Or, I’m learning so much from you—can we do this again? Or maybe it’s as simple as, You should have the freedom to speak your mind. We all should. Enter Twitter 2.0. Twitter is on a mission to become the world’s most accurate real-time information source and a global town square for communication. We’re on the precipice of making history—and that’s not an empty promise. That’s OUR reality. When you start by wrapping your arms around this powerful vision, literally everything is possible. You have to genuinely believe—and work hard for that belief. And in...

In the wake of the job cuts, major civil rights and advocacy groups have called on advertisers to desert Twitter over concerns that the platform is falling short on user safety and content moderation. A cadre of former workers sued Twitter overnight, claiming the company violated state and federal labor law. • Why is Twitter laying off so many employees? • How many employees have been laid off from Twitter? • How will the layoffs affect Twitter? • Why are employees suing Twitter over the layoffs? • What are details of Twitter’s severance package for laid-off workers? • Which companies have stopped advertising on Twitter?

After assuming control, Musk laid off thousands of employees, reducing headcount from about 7,500 to less than 2,000 by February of this year, Zuckerberg delivered the comments Lex Fridman Podcast on Thursday. The way he sees it—and laid-off Twitter employees would surely beg to differ—Musk was right in trying to make the company “more technical” and decrease the distance between engineers and himself, with “fewer layers of management.” “His actions led me and I think a lot of other folks in the industry to think about, ‘Hey, are we kind of doing this as much as we should?’” he said. “Could we make our companies better by pushing on some of the same principles?…My sense is that there were a lot of other people who thought that those were good changes, but who may have been a little shy about doing them.” It was something Musk “was quite ahead of a bunch of the other companies on,” he added. Meta, which owns While Meta employees have Other big tech companies have Part of the problem was that many tech companies had simply over-hired in recent years, both because the pandemic increased demand for their products and services and because it was a period of easy money given Fed-induced low interest rates. Stewart Butterfield, former CEO of Slack, recently Odd Lots Zuckerberg said it was “very hard to know” from the outside whether Musk fired too many or not enough workers at Twitter, but said the trend he helped kick-start “hopefully can be good for the industry and make all th...

Oct 31 (Reuters) - Twitter, which was acquired last week by billionaire Elon Musk, plans to let go of a quarter of its workforce as part of what is expected to be a first round of layoffs, the Washington Post reported on Monday, citing a person familiar with the matter. Celebrity lawyer Alex Spiro, a long-time Musk legal representative, led the conversations about the job cuts, Twitter had over 7,000 employees at the end of 2021, according to a Musk Twitter did not immediately respond to a Reuters request for comment. Musk fired Twitter Chief Executive Parag Agrawal, Finance Chief Ned Segal and Legal Affairs and Policy Chief Vijaya Gadde on completion of a six-month $44 billion buyout saga of the social media platform on Thursday, sources

• Share to Facebook • Share to Twitter • Share to Linkedin Topline Less than a week into Elon Musk’s $44 billion acquisition of Twitter, employees are anxiously awaiting information on massive layoffs across all departments, with as many as 25% of staff to be let go in a first round of cuts, the Washington Post Musk’s associates as well as senior executives at Twitter gathered over the weekend to decide on the 25% cut, which will impact nearly all departments and will likely first affect sales, product, engineering, legal, trust and safety, the Post reported, citing four anonymous sources familiar with the discussions. Twitter’s roughly 7,500 employees had still not yet received any information about new plans for the social media platform as of Sunday night, according to the Post, while staff told Forbes they were “freaking” out and were following media reports to learn more about cuts because of a lack of internal communications. What We Don’t Know The total number of expected cuts. Musk Times that Jared Post last week around half of employees would be cut. Key Background Musk’s $44 billion deal to acquire Twitter closed on Thursday after months of back-and-forth and legal fighting with the social media platform. Twitter has struggled with its financial situation for years and Musk has proposed radical changes to help improve its profitability, though he has yet to share many specifics on how he plans to do so. Musk suggested during his first town hall with Twitter emplo...