• Audio
  • Live tv
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Service
Sunday, March 26, 2023
Morning News
No Result
View All Result
  • Login
  • Home
  • News
    • Local
    • National
    • World
  • Markets
  • Economy
  • Crypto
  • Real Estate
  • Sports
  • Entertainment
  • Health
  • Tech
    • Automotive
    • Business
    • Computer Sciences
    • Consumer & Gadgets
    • Electronics & Semiconductors
    • Energy & Green Tech
    • Engineering
    • Hi Tech & Innovation
    • Machine learning & AI
    • Security
    • Hardware
    • Internet
    • Robotics
    • Software
    • Telecom
  • Lifestyle
    • Fashion
    • Travel
    • Canadian immigration
  • App
    • audio
    • live tv
  • Home
  • News
    • Local
    • National
    • World
  • Markets
  • Economy
  • Crypto
  • Real Estate
  • Sports
  • Entertainment
  • Health
  • Tech
    • Automotive
    • Business
    • Computer Sciences
    • Consumer & Gadgets
    • Electronics & Semiconductors
    • Energy & Green Tech
    • Engineering
    • Hi Tech & Innovation
    • Machine learning & AI
    • Security
    • Hardware
    • Internet
    • Robotics
    • Software
    • Telecom
  • Lifestyle
    • Fashion
    • Travel
    • Canadian immigration
  • App
    • audio
    • live tv
No Result
View All Result
Morning News
No Result
View All Result
Home Tech Business

Twitter sacks half of staff as Musk launches overhaul

by author
November 4, 2022
in Business, Internet
Reading Time: 3 mins read
0 0
A A
0
0
SHARES
12
VIEWS
Share on FacebookShare on TwitterLinkedinReddit
Twitter employees have been bracing for bad news since Elon Musk completed his acquisition and quickly set about dissolving its
Twitter employees have been bracing for bad news since Elon Musk completed his acquisition and quickly set about dissolving its board and firing top managers.

Twitter sacked half of its 7,500-strong staff on Friday as new owner Elon Musk launched his major overhaul of the troubled company just a week after his blockbuster takeover.

An internal document seen by AFP said “roughly 50 percent” of employees were impacted and would be denied access to company computers and email on an immediate basis.

Workers around the world were shown the door and took to Twitter to vent their frustration or disbelief and say good-bye to one Silicon Valley’s most iconic companies.

“Woke up to the news that my time working at Twitter has come to an end. I am heartbroken. I am in denial,” said Michele Austin, Twitter’s director of public policy for the US and Canada.

Ahead of the layoffs, Twitter closed access to its offices worldwide, asking employees to stay at home to await news of their fate at the company.

The cull is part of Musk’s push to find ways to pay for the mammoth $44 billion deal for which he took on billions of dollars in debt and sold $15.5 billion worth of Tesla shares, his electric car company.

Musk, the Tesla and SpaceX chief, has been scrambling to find new ways for Twitter to make money after his mammoth buyout, including an idea to charge users $8 a month for verified accounts.

The moves would help overcome the potential loss of advertisers, Twitter’s main source of revenue, with many of the world’s top brands putting their ad buys on hold, spooked by Musk’s well-known disdain for content controls.

The mercurial tycoon on Friday complained on Twitter of a “massive drop in revenue” that he blamed on “activist groups” that were pressuring advertisers.

“We did everything we could to appease the activists. Extremely messed up! They’re trying to destroy free speech in America,” he added.

This appeared to refer to Musk’s recent meeting with civil rights groups in which he heard concerns that Twitter would open the floodgates to hate speech a week before midterm election in the United States.

In an effort to soothe nerves, Musk had vowed that Twitter will not become a “free-for-all hellscape,” but his pledge was quickly followed by a tweet relaying a conspiracy theory about an assault on the husband of US House Speaker Nancy Pelosi.

“We are witnessing the real time destruction of one of the world’s most powerful communication systems. Elon Musk is an erratic billionaire who is dangerously unqualified to run this platform,” said Nicole Gill, Executive Director of Accountable Tech.

She was part of a coalition of 60 rights groups calling on Friday for a boycott by advertisers of the Musk-owned platform.

“Elon Musk has demonstrated that it’s not possible for him to keep the brand safeguards that have existed on Twitter in place. There’s no more time for trust but verify, it’s time for escalation,” said Angelo Carusone, President and CEO of Media Matters for America.

Though extremely influential with opinion-makers and celebrities, the California company has long struggled to generate profit and has failed to keep pace with Facebook, Instagram and TikTok in gaining new users.

Twitter employees have been bracing for this kind of bad news since Musk completed his acquisition late last week and quickly set about dissolving its board and firing its chief executive and top managers.

Late on Thursday, a group of five Twitter employees who had already been fired filed a class action complaint against the company on the grounds that they had not been given the required 60-day notice period as required by law.

The lawsuit references the US Worker Adjustment and Retraining Notification (WARN) Act, which provides workers a right to advance notice in cases of mass layoffs or plant closings.

© 2022 AFP

Citation:
Twitter sacks half of staff as Musk launches overhaul (2022, November 4)
retrieved 4 November 2022
from https://techxplore.com/news/2022-11-twitter-staff-musk-overhaul.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.
Tags: chief executivecompanyconspiracy theoryfree speechrights groups
Previous Post

Multiple Sclerosis: Christina Applegate Discusses the Importance of Early Diagnosis

Next Post

Shakira’s Ex Gerard Piqué Announces Retirement From Soccer After Their Split

Related Posts

Business

Most Australians don’t trust AI in the workplace, finds survey

March 26, 2023
10
Business

Researchers’ model for TV ad scheduling reaps revenue increase for networks

March 25, 2023
12
Next Post
Gerard Piqué of FC Barcelona looks on during the warm up prior to  the La Liga Santander match between FC Barcelona and Real Valladolid CF at Camp Nou on August 28, 2022 in Barcelona, Spain.

Shakira’s Ex Gerard Piqué Announces Retirement From Soccer After Their Split

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR TODAY

Local

B.C. widow finds unexpected love while performing in blind choir

by author
March 25, 2023
0
12

Saanich, B.C. - Before she experienced the worst year of her life, Debbie Barnswell simply sang for fun. “Singing brings...

How a small town Canadian grandmother ended up in a Hong Kong prison

March 26, 2023
12

Suspect in Amqui, Que. pedestrian deaths charged; police identify victims

March 26, 2023
12
Austin, Texas

The 10 Best (and Worst) U.S. Cities for Sleep

March 26, 2023
12

Ramping up domestic graphite production could aid the green energy transition

March 26, 2023
12

POPULAR NEWS

Why Ray Dalio says SVB collapse is a ‘canary in the coal mine’

March 21, 2023
20

Biden backs tax hike on investment income to bolster Medicare, as he rolls out his budget proposal

March 20, 2023
19

Hackers scored data center logins for big corporations more than a year ago. Now they’re selling that information

March 21, 2023
16
A woman holds out her hands to a physician.

Osteoarthritis: Experimental Drug May Help Reduce Inflammation and Symtpoms, Early Study Finds

March 23, 2023
16

A new way to trap radioactive waste in minerals for long-term storage

March 21, 2023
15

EDITOR'S PICK

Andrew Tate
World

Romanian court rules to hold Andrew Tate for 30 more days

by author
March 9, 2023
0
11

BUCHAREST, Romania (AP) - A court in Romania's capital agreed Tuesday to extend social media influencer Andrew Tate's detention on...

Read more

U.S. trade deficit in goods climbs to three-month high of $91.5 billion

Pics: Bad Bunny And Kendall Jenner Spotted Out With Hailey And Justin Bieber Amid Dating Rumours

CDC Says Flu Shot Was Effective for Many Adults and Most Kids: What to Know

How to trade bull and bear flag patterns?

Morning News

Welcome to our Ads

Create ads focused on the objectives most important to your business Please contact us info@morns.ca

  • Home
  • Audio
  • Live tv
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Service

© 2022 Morning News - morns.ca by morns.ca.

No Result
View All Result
  • Home
  • News
    • Local
    • National
    • World
  • Markets
  • Economy
  • Crypto
  • Real Estate
  • Sports
  • Entertainment
  • Health
  • Tech
    • Automotive
    • Business
    • Computer Sciences
    • Consumer & Gadgets
    • Electronics & Semiconductors
    • Energy & Green Tech
    • Engineering
    • Hi Tech & Innovation
    • Machine learning & AI
    • Security
    • Hardware
    • Internet
    • Robotics
    • Software
    • Telecom
  • Lifestyle
    • Fashion
    • Travel
    • Canadian immigration
  • App
    • audio
    • live tv
  • Login

© 2022 Morning News - morns.ca by morns.ca.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version