May 06, 2025 11:08 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Modi, Albanese eye to advance India-Australia Comprehensive Strategic Partnership during telephone conversation | Hold dialogue with all political parties on caste census: Mallikarjun Kharge writes to PM Modi | PM Modi meets NSA Ajit Doval amid India's wait for retaliation against Pahalgam terror attack | Pakistan grilled at UNSC amid rising tension with India after Pahalgam terror attack | 'We'll do everything we can': US House Speaker backs India in fight against terrorism after Pahalgam attack | Centre asks several states to conduct security mock drills amid tensions with Pakistan, first since 1971 | PM Modi holds meeting with Defence Secy as India plans retaliation against Pahalgam attack | Terror hideout busted in Kashmir's Poonch amid India-Pak border tensions after Pahalgam attack | India snaps water flow to Pakistan from Baglihar dam on Chenab river in Pahalgam fallout | Trump imposes 100 percent tariff on non-US films, says 'Hollywood dying a very fast death'
Twitter
Image credit: Wallpaper Cave/Pixabay

Twitter to make job cuts after Elon Musk takeover

| @indiablooms | Nov 04, 2022, at 07:30 pm

Los Angeles/UNI: Micro-blogging site Twitter has said it will inform its staff about whether they will be laid off following the firm's takeover by Elon Musk.

In an internal email, the social media company said the cuts are "an effort to place Twitter on a healthy path", BBC reported.

The firm added that its offices would be temporarily closed and badge access would be suspended.

The multi-billionaire will be Twitter's chief executive after buying the firm last week in a $44bn deal.

"We will go through the difficult process of reducing our global workforce on Friday," Twitter said in the email.

"We recognise this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company's success moving forward."

The company said office access would be immediately limited "to help ensure the safety of each employee as well as Twitter systems and customer data".

Workers who are not affected will be notified through their company email, according to Twitter.

Meanwhile, those who are affected will be told of the "next steps" through their personal accounts.

"Given the nature of our distributed workforce and our desire to inform impacted individuals as quickly as possible, communications for this process will take place via email," Twitter said.

There is speculation that as many as half of Twitter's 8,000 jobs are on the chopping block.

The platform struggles to make a profit. One way to fix the problem is by making a dent in the wage bill.

Bloomberg, citing unnamed sources, suggested some senior staff were asked to make lists of employees to be cut on their teams.

The cost-cutting follows criticism of Twitter's efforts to raise money by proposing to charge $8 a month for a "verified" blue check-mark.

In addition to the verification badge, those who pay could have their tweets promoted more widely and see fewer adverts.

Twitter has not made a profit in several years and its number of users has remained fairly static at about 300 million a month.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu