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

Future Retirement Success

Politics

Elon Musk Explains Why Laying Off Employees Was Necessary: “There is No Choice When the Company is Losing Over $4M/day”

by November 5, 2022
November 5, 2022
Elon Musk Explains Why Laying Off Employees Was Necessary: “There is No Choice When the Company is Losing Over $4M/day”

On Thursday, half of Twitter’s employees were laid off in a mass email dismissal. The internal message stated that employees would be informed of their layoff status via email by 9 AM PST.

Musk is also ending all remote work and requiring remaining employees to show up at their offices, although there could be exceptions made.

The Daily Mail obtained a copy of the email that was sent to all staff, including those who will be laid off and those who will not.

Those who have been laid off have been notified that, depending on their position, they will continue to be employed by the social media giant until either January or February next year. However, their last day of work will be November 4, and they are not expected to work, and all access will be deactivated.

The remaining employees have been told that the office would be closed until November 7th and that they should “refrain from discussing confidential company information.”

So the email reportedly sent out was true. More than generous! pic.twitter.com/hP2leKmesU

— Gays For TRUMP (@GaysForTrumpUS) November 4, 2022

On the same day, Elon Musk accused activist groups of “trying to destroy free speech in America” with their pressure tactics to drive advertisers away from Twitter after he took control of the social media company. Musk said Twitter has seen a “massive drop in revenue.”

Musk caused controversy this week by proposing verified users pay a nominal fee for the privilege.

“Twitter’s current lords & peasants system for who has or doesn’t have a blue checkmark is bullsh*t. Power to the people! Blue for $8/month,” Musk said.

Musk claims this will provide Twitter with an additional revenue stream to compensate content creators considering the left is already targeting its advertisers.

“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,” Musk said. “Extremely messed up! They’re 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.

— Elon Musk (@elonmusk) November 4, 2022

Several advertisers have indicated they are temporarily halting spending while they await Elon Musk’s next move with the platform.

Elon Musk agreed with a tweet by Ian Miles Chong stating, “It’s time to stop appeasing the activists because they will stop at nothing to hurt Twitter regardless of what you do.”

You’re right

— Elon Musk (@elonmusk) November 4, 2022

Musk clarified on Friday night why he fired half of Twitter’s staff. According to him, there is no other way when the company is losing revenue every day.

“Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day,” he said.

“Everyone exited was offered 3 months of severance, which is 50% more than legally required,” he added.

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

The post Elon Musk Explains Why Laying Off Employees Was Necessary: “There is No Choice When the Company is Losing Over $4M/day” appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
WITCHHUNT 4.0: NY Times Makes Baseless Claims Saying Biden DOJ “Investigating” 2018 Recount Protests In Florida 
next post
OMG! Jason Whitlock GOES THERE! “Nancy Pelosi Spent Her Money on Pair of Cans and All Her Husband Wants to Do Is Play Hide the Hammer” (VIDEO)

You may also like

Trump said to lift all military restrictions on...

November 15, 2024

Karine Jean-Pierre Refuses to Say if the Biden...

December 7, 2022

House adopts ‘clean’ stopgap funding bill possibly averting...

October 1, 2023

Pence sidesteps on supporting Trump if convicted, says...

August 28, 2023

CA Senate passes bill to redefine same-sex couples...

June 15, 2023

“I Don’t See How We Could Be Stupider...

October 1, 2022

Pennsylvania schools push for more funding after court...

July 25, 2023

Joe Biden Says the Quiet Part Out Loud:...

October 24, 2022

Judge Allows Justice Gableman to Represent Election Integrity...

December 6, 2022

LAURA INGRAHAM: Trump’s unwavering determination and the need...

July 15, 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

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • 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