Employees relieved: Woke up in the morning work time with Twitter was over.
The Social media platform Twitter has laid off half of its 7500 strong workforce.
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| Photo from Lnn News |
Social media platform Twitter on this Friday laid off half of its 7,500 strong staff.
According to International news agency AFP the agency Report saw a Twitter document that said about 50 percent. Of employees were affected & would not be given immediate access to company computers & email.
Workers bidding farewell to 1 of Silicon Valley biggest companies took to Twitter to express their frustration or uncertainty.
Michelle Austin. Twitter director of public policy for the USA & Canada wrote: Woke up this morning to the news that my time with Twitter was up. My heart broke. I am not ready to accept that.
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Elon Musk addressed :
The New owner Elon Musk addressed the topic of layoffs 24 hours after the company initial email informing employees of the layoffs.
In his tweet he also said: Regarding the company downsizing. Unfortunately there is no other option as the company is losing 4$ million a day. Each dismissed employee is being given 3 months. salary which is 50% more than the legal requirement.
Ahead of the layoffs. Twitter shut down access to its offices around the world & told employees to stay home & await word on their fate via email.
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Twitter workers
This is inhumane treatment of people. Also said 1 of the fired Twitter workers. Who didn't want to be identified. It looks like a mercenary attempt. They are trying to save money at all costs.
The layoffs are part of Elon Musk efforts to pay for a 44$ billion deal to buy Twitter. He borrowed billions of dollars to buy Twitter & sold 15.5$ billion worth of shares in his electric car maker Tesla.
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Company sources say Elon Musk team is making things difficult for the remaining employees. Tesla developers are being brought to Twitter to oversee the work of employees known as Tweeps within the company.
Tesla and SpaceX CEO Elon Musk are said to be paying $1 billion a year in interest on the deal.
After the big purchase of Twitter, Musk is busy trying different ways to make money from it. This includes charging users of certified accounts an eight dollar monthly fee.
This move will help in curbing the potential loss of advertisers. Twitter main source of revenue is advertising. Many of the world top brands have stopped advertising because they fear Elon Musk reluctance to control ad content.
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Ambitious entrepreneur Elon Musk on Friday complained about a huge drop in Twitter traffic.
He blamed the situation on activist groups who are busy putting pressure on advertising companies. Elon Musk added : We did everything we could to tame the activists. The situation is very bad. They are trying to destroy free expression in America.
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