Microblogging site Twitter has been plunged into turmoil as the new chief of the company, Elon Musk started laying off wide swaths of the company’s workforce, infuriating staff and rattling the tech industry. The microblogging site sacked 50% of its employees yesterday.
The mass layoffs were documented on the Twitter website itself, where many employees appeared to rally together under the #OneTeam hashtag, a blue heart, and salute emojis. Employees found themselves abruptly locked out of their email accounts.
The move follows an uncertainty about the company’s future under new owner Elon Musk, who tweeted that the service was experiencing a “massive drop in revenue” as advertisers pulled spending. Musk has sought to slash costs and impose a demanding new work ethic. Livemint is closely following the events as they unfold. Stay tuned for live updates
Up 50% Twitter employees laid off
Up to 50 per cent of all Twitter employees have been laid off across several teams, according to reports.
Since Twitter reportedly had around 7,500 employees before lay-offs, it’s understood that around 3,700 staffers have been laid off.
Lay-offs have been reported in several teams, such as human rights, machine learning, public relations, algorithmic ethics, trust and safety, etc.
‘Trash me all day, but..’ Musk’s latest tweet post lay offs
“Trash me all day, but it’ll cost $8” Tesla CEO and now the sole owner of micro-blogging platform Twitter Elon Musk on Saturday tweeted.
Amid massive layoffs at Twitter across the world, including in India, and the subsequent backlash, the microblogging site’s new owner Elon Musk on Saturday justified the move, saying there was “no choice” when the company was losing millions of dollars daily.
The company posted a net loss of USD 270 million in the second quarter ended June 30, 2022 compared to a profit of USD 66 million in the same period a year ago.
Twitter sends ‘You’re fired’ and ‘You’re safe’ mails to employees
Twitter’s emails to employees, who got fired and who survived the job cuts, have gone viral on social media.
Twitter Inc told the sacked employees, “Today is your last working day at the company, however, you will remain employed by Twitter and will receive compensation and benefits through your separation date of 2 February 2023. During this time, you will be on a Non-working notice period and your access to Twitter systems will be deactivated”.
The email added, “Within a week, you will receive details of your severance offer, and financial resources extending beyond your non-working notice period”.
Employees who were retained by Twitter receive a separate email. The social media firm wrote, “We are sending this email to confirm that your employment is not impacted by today’s workforce reduction”.
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