GSMArena.com GSMArena.com

Tip us

1.7m
126k
RSS

EV

Merch

Log in

Login

I forgot my password
Sign up
  • Home
  • News
  • Reviews
  • Videos
  • Featured
  • Phone Finder
  • Deals
  • MerchNew
  • Coverage
  • Contact
ADVERTISEMENT

Twitter boss Elon Musk to fire half of employees as a cost-cutting measure

  • Post your comment
  • Comments (91)

Yordan 03 November 2022

Twitter Android

New Twitter owner Elon Musk plans to fire 50% of Twitter’s workforce or about 3,700 people, Bloomberg claims. The key reason for the lay-offs is a cost-cutting and the employees are yet to be informed.

On top of that, the remaining people will be asked to work from the office full-time, which is a reversal of the work-from-anywhere policy that was introduced in the early days of the COVID-19 pandemic.

Twitter boss Elon Musk to fire half of employees as a cost-cutting measure

Senior executives and advisers have been discussing with Elon Musk a range of scenarios for how the layoffs should take place, and one idea is for terminated workers to receive 60 days’ worth of severance pay, sources told Bloomberg.

Elon Musk was forced to buy Twitter at a price negotiated in April, which was $54.20 per share, or about $44 billion. The South African said he overpaid for the business and is looking for ways to bring profit - Twitter frequently reports quarterly losses and has not returned a profit in eight of the past ten years.

Source

Related articles
  • Musk to increase Twitter Blue subscription to $8, verified checkmarks will be secondary Musk to increase Twitter Blue subscription to $8, verified checkmarks will be secondary
  • Twitter could bring back Vine, make verification a Blue-only perk Twitter could bring back Vine, make verification a Blue-only perk
  • Twitter finally enables photo and video in the same tweet Twitter finally enables photo and video in the same tweet
  • Elon Musk is going through with the purchase of Twitter after all Elon Musk is going through with the purchase of Twitter after all

Reader comments

D
  • Dantmv
  • 8Ej
  • 22 Nov 2022

He's already suspended people for impersonating even as a joke so clearly even with him at the helm there is no "free speech", it seems what most people really want is not being held accountable for their actions and that includes the ...

  • Reply
?
  • Anonymous
  • 6jD
  • 05 Nov 2022

lol car in space means nothing compared to the battle against evil oil empire and Elon won it, Tesla is the proof also he did it with style, check self driving cars

  • Reply
L
  • LOL
  • n1e
  • 05 Nov 2022

"No platforming" is the exact opposite of "Freedom of Speech". Some WOKE employees in that company is laughable.

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 91

ADVERTISEMENT

Phone finder

  • Samsung
  • Apple
  • Huawei
  • Nokia
  • Sony
  • LG
  • HTC
  • Motorola
  • Lenovo
  • Xiaomi
  • Google
  • Honor
  • Oppo
  • Realme
  • OnePlus
  • vivo
  • Meizu
  • BlackBerry
  • Asus
  • Alcatel
  • ZTE
  • Microsoft
  • Vodafone
  • Energizer
  • Cat
  • Sharp
  • Micromax
  • Infinix
  • Ulefone
  • Tecno
  • Doogee
  • Blackview
  • Cubot
  • Oukitel
  • Itel
  • TCL

All brands Rumor mill

ADVERTISEMENT

Top 10 by daily interest

  Device Daily hits  
1.Samsung Galaxy A5430,471
2.Xiaomi Redmi K70 Pro27,733
3.Samsung Galaxy S23 Ultra26,751
4.Apple iPhone 1122,996
5.Xiaomi Redmi 13C21,558
6.Xiaomi Redmi Note 1221,277
7.Xiaomi Redmi Note 12 Pro20,377
8.Apple iPhone 15 Pro Max18,268
9.Samsung Galaxy S23 FE18,170
10.Xiaomi 14 Pro17,434

ELECTRIC VEHICLES

BMW M boss rejects iM3 speculation: "No i in M" BMW M boss rejects iM3 speculation: "No i in M" Lexus expands the RZ range with wallet-friendly 300eHuawei and Chery's answer to Tesla Model Y - Luxeed S9 spotted in China
ADVERTISEMENT

Home News Reviews Compare Coverage Glossary FAQ RSS feed Youtube Facebook Twitter Instagram

© 2000-2023 GSMArena.com Mobile version Android app Tools Contact us Merch store Privacy Terms of use Change Ad Consent Do not sell my data