Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Elon Musk to start cutting Twitter workforce

by November 4, 2022
November 4, 2022
Elon Musk to start cutting Twitter workforce

Elon Musk is to start reducing Twitter’s workforce today, the company has told staff, a week after completing his $44 billion takeover.

In an email to workers, the social media group confirmed it would “go through the difficult process” of lay-offs.

Twitter, which started the year with about 7,500 employees, plans to contact each of them by 9am in San Francisco — late afternoon in the UK — today. While the process is carried out, the company has temporarily shut its offices. It has sites around the world, including in London and New York.

The message to employees, which was signed from “Twitter,” did not set out how many would be affected by the cuts. Reports in recent days have suggested that Musk planned to reduce the company’s workforce by as much as half.

The lay-offs are being conducted “in an effort to place Twitter on a healthy path”, the email said. “We recognise that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is, unfortunately, necessary to ensure the company’s success moving forward.”

Pledging to inform employees as quickly as possible, Twitter acknowledged it was “an incredibly challenging experience to go through, whether or not you are impacted”.

Musk, the world’s richest man, has sought to move rapidly in recent days to overhaul the social media platform. He has unveiled plans to charge prominent users by expanding its paid subscription offering.

Under Musk’s proposals, users will be required to pay to maintain the blue tick status which shows their account is verified. He has pitched the subscription at $8 per month but stressed the price would vary by country.

While the announcement sparked criticism from a host of prolific users, Musk said Twitter will “need to pay the bills somehow” and “cannot rely entirely on advertisers”.

Read more:
Elon Musk to start cutting Twitter workforce

0
FacebookTwitterGoogle +Pinterest
previous post
Biden’s Corrupt Justice Department Contemplating Appointing Special Counsel if Trump Runs For President in 2024: Report
next post
New Business Secretary announces £95m funding for super-materials to boost UK growth

You may also like

Shein puts London IPO on hold amid Trump’s...

May 2, 2025

IT Due Diligence in the Digital Age

August 10, 2023

Affiliate Marketing Spreading Across A Spectrum Of Industries...

May 21, 2025

Incredible British craftsmanship in demand as 80% of...

February 28, 2025

Jeremy Hunt Hints at October General Election

March 20, 2024

Keep This Cracker gears up for Christmas with...

November 21, 2023

Building from Scratch: How Reco Jefferson Turned Curiosity...

May 7, 2025

The lonely road to success

February 19, 2024

Understanding Betting Operators Not on GamStop

July 2, 2024

UK Government injects £800M to enhance broadband for...

August 13, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • European diplomats urge Iran to continue US nuclear talks in first face-to-face since strikes started

      June 20, 2025
    • As Iran talks get underway, expert raises alarm over lack of plan to secure nuclear material

      June 20, 2025
    • Spending and Debt in the OECD

      June 20, 2025
    • Four plead guilty in massive bribery scheme at agency Democrats fought to protect from DOGE

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New Rally?

      June 20, 2025
    • Does ICE Mask Its Agents to Protect Them from Targeted Violence?

      June 20, 2025

    Categories

    • Business (8,275)
    • Investing (2,057)
    • Politics (15,719)
    • Stocks (3,158)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved