HomePoliticsElon Musk Makes Huge Announcement About Major Changes This Week At Twitter

Elon Musk Makes Huge Announcement About Major Changes This Week At Twitter

Published on

Since originally offering to purchase Twitter, the world’s richest man has made it apparent that he intends to make significant changes at the social media behemoth. Until now, he has gladly fired staff he deems antithetical to his free speech values and outraged leftists through tweets.

Musk terminated four executives quickly after assuming control of the business. Former CEO Parag Agrawal was scheduled to get up to $60 million on his own, but Musk fired them all “for cause” without revealing his motivations. When he inherited leadership on Thursday, the Tesla and SpaceX executive swiftly sacked the social media company’s CEO, CFO, head of legal, and general counsel.

According to a regulatory filing, Twitter had over 7,000 workers at the end of 2021, and a quarter of that workforce corresponds to approximately 2,000 people.

According to rumors, Elon Musk intends to lay off a quarter of Twitter’s workers in his first wave of layoffs following his $44 billion acquisition. According to the Washington Post, celebrity attorney Alex Spiro, a longtime legal representative for Musk, spearheaded the negotiations regarding the layoffs.

According to a source for the Post, the initial round of layoffs will affect nearly every area, including sales, product, engineering, legal, and trust and safety in the coming days.

Musk rejected a New York Times allegation that Twitter will lay off personnel before to November 1, which is tomorrow, in order to avoid stock awards due on that day. Musk also refuted reports that he would terminate staff before they got their stock-based remuneration on November 1.

Now, Musk is rumored to have issued an ultimatum to Twitter’s developers, instructing them to overhaul Twitter’s verification system within two weeks or risk termination.

Twitter has close to 400 thousand verified users. According to sources, bots make up five percent of all users, while ‘heavy tweeters’ make up fewer than ten percent of the site’s monthly users, therefore requiring them to pay might help the company stay alive.

More on this story via The Republic Brief:

Less active users mean less eyeballs for advertisers. During the court battle to acquire Twitter, Musk himself claimed that fewer than 16 million users are able to see the vast majority of ads. CONTINUE READING…

Latest articles

Biden’s Big Plan on Twitter Collapses as Musk Issues a Brutally Simple Reply

Elon Musk reminded the world that the private sector has already built a network...

This Is Why Kari Lake Can’t File Her Main Lawsuit Until All Arizona Counties Certify the Election

The continuous story surrounding the Arizona governor's race on November 8 continues, and this...

Supreme Court Set to Hear ‘Single Most Important Case’ on American Elections

The Supreme Court is preparing to hear a new election case, a Republican-led challenge...

Fox News Host Goes Nuclear – Reminds WH Press Sec Why He’s Their Worst Nightmare

When Elon Musk acquired the social media company Twitter, he swore to reestablish free...

More like this