After taking over Twitter, Elon Musk has made big changes on the social media platform so far. Musk, who first fired the board of directors, then laid off half of the employees. Now, another dismissal move is coming from Twitter.
Twitter is making another layoff
Elon Musk, who went out of business to reduce costs after taking over Twitter, has parted ways with many of his employees. Continuing on its way with 70 percent fewer employees compared to the previous period, Twitter is preparing to remove some of its personnel.
It’s the eighth layoff after taking over Elon Musk’s social media platform. According to the latest information, at least 50 more employees will part ways on Twitter. In this way, the company is trying to balance the decrease in revenue after Elon Musk.
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Twitter’s recent layoff will affect multiple engineering groups, including its advertising team. While the layoffs continue, it is possible to say that there is currently a staff shortage in the company’s main Twitter application. Currently, there are only about 2000 personnel left in the company.
Twitter boss Elon Musk has repeatedly stated that Twitter is on the verge of financial collapse. The company also overhauled its sales team earlier this year to increase revenues. However, according to the latest information, Twitter has not yet achieved the desired level of income.
While the company is dealing with falling revenues on the one hand, it is in a legal battle with more than a thousand of its employees, on the other hand. Employees sued the company, citing that the severance pay they received when dismissed was much less than promised. It is alleged that Musk has so far had to spend more than $130 million to settle arbitration cases filed by former staff.
After Elon Musk, it doesn’t seem like the waters will settle for a while on Twitter. So what do you think about Twiiter and Elon Musk? You can share your views with us in the comments section. You can watch the related video below.
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