When Elon Musk completed his purchase of Twitter in October 2022, he dove headfirst into reorganizing the firm, which was beset by too many workers, people who were not working enough, and exorbitant headquarters overhead costs and other expenses. Musk was open with his intentions, as he launched the acquisition in April 2022 and informed the staff that changes were approaching. Musk then began his efforts to improve Twitter’s performance, which had been unprofitable for years.
Musk was criticized in November, one month after the acquisition was finalized, for firing off about half of Twitter’s 7,500 employees globally, although he has subsequently defended his decision.
“Regarding Twitter’s reduction in force, unfortunately, there is no choice when the company is losing over $4M/day. Everyone [who] exited was offered 3 months of severance, which is 50% more than legally required,” he explained on the platform
Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day.
Everyone exited was offered 3 months of severance, which is 50% more than legally required.
— Elon Musk (@elonmusk) November 4, 2022
He noted further that “Twitter’s strong commitment to content moderation remains absolutely unchanged,” while noting that “hateful speech” on the platform had “declined below prior norms” since he acquired the platform, contrary to many expectations.
The Daily Caller noted:
Despite the mass layoffs, the platform’s 2000 content moderators were mostly “not impacted,” according to Twitter’s Head of Safety and Integrity Yoel Roth. He added that the daily volume of “moderation actions” is the same under Musk as it was under the previous leadership.
As the midterms approach, Roth also stated that combatting “harmful misinformation that can suppress the vote” remains Twitter’s “top priority.”
Here are the facts about where Twitter’s Trust & Safety and moderation capacity stands today:
tl;dr: While we said goodbye to incredibly talented friends and colleagues yesterday, our core moderation capabilities remain in place.
— Yoel Roth (@yoyoel) November 4, 2022
Before making his statement, Musk said that Twitter experienced a “massive drop in revenue” after left-wing “activist groups” pressured advertisers to leave the platform, accusing them of “trying to destroy free speech in America.”
“Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists. Extremely messed up! They’re trying to destroy free speech in America,” he tweeted.
Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists.
Extremely messed up! They’re trying to destroy free speech in America.
— Elon Musk (@elonmusk) November 4, 2022
Musk’s reorganization of his new firm did not go over well with Twitter employees who received pink slips. According to reports, the former workers have accused Musk and Twitter of neglecting to provide them with appropriate notice prior to their dismissal when the billionaire Tesla and SpaceX CEO acquired the site. Collectively, the employees filed a class-action case.
Now, a federal court in San Francisco has ruled in favor of Twitter CEO Elon Musk in a legal dispute with former platform workers. Conservative Brief reported that U.S. District Judge James Donato ordered the former employees to dismiss their class-action lawsuit against Musk and pursue any claims against him through arbitration.
Ex-Twitter workers will have to pursue their claims in individual arbitration rather than through a class-action lawsuit, a judge rules https://t.co/4PhkfdYg9r
— Bloomberg (@business) January 14, 2023
More on this story via The Republic Brief:
Attorney Shannon Liss-Riordan, who represented the plaintiffs, made a statement before the ruling and said, according to Business Insider, “Now that the severance agreements have been sent to employees, Elon Musk has proven us correct: Twitter is in fact trying to shortchange employees and break promises. Musk’s decision to fleece Twitter workers isn’t just shameful – it’s also going to be very costly. These claims will be extraordinarily expensive and time-consuming for Twitter to defend.” CONTINUE READING…