TV News LIES

Friday, Jan 27th

Last update08:12:46 AM GMT

You are here News Domestic (USA) Twitter sees sudden mass layoffs as Elon Musk admits ‘massive drop’ in revenue

Twitter sees sudden mass layoffs as Elon Musk admits ‘massive drop’ in revenue

E-mail Print PDF

Twitter lay-offs beginElon Musk ended his first week as Twitter’s owner with an indelible mark by slashing, by some estimates, up to half of the company’s workforce with little notice and abruptly cutting off employees’ access to their computers and work systems.

Many employees spent the day tweeting their goodbyes, as Musk revealed brands had begun pulling their advertisements, leading to what he said was a “massive drop in revenue”. He tweeted late Friday the cuts were needed as “unfortunately there is no choice when the company is losing over $4M/day”.

Audi, General Motors, General Mills and Pfizer were among those who halted advertisements, amid concerns Musk will scale back misinformation and security protections on the platform. Advertising accounts for 90% of Twitter’s revenues.

Yoel Roth, Twitter’s head of safety and integrity appeared to confirm reports that 50% of the company’s global workforce of 7,500 was cut.

More...


Most Recent Related Stories...


Tyre Nichols: five ex-police officers face murder charges over motorist’s death

5 ex-cops charged with murderFive former police officers are in custody facing murder charges in connection with the death of...

FBI dismantles ransomware gang Hive's website. $130 million in ransom payments averted.

FBI Director WrayFederal authorities dismantled a website operated by a notorious ransomware gang, known to extort millions of...

Virginia Democrats Defeat 15-Week Abortion Ban And Glenn Youngkin's Anti-Choice Agenda

Gov. Youngkin abortion bill defeated Virginia Gov. Glenn Youngkin’s (R) push for a 15-week abortion ban died late Wednesday evening when...

Virginia school was warned of threat from boy, six, who shot teacher, lawyer says

Virginia school was warned of threat from pupil who shot teacher Concerned teachers and employees warned administrators at a Virginia elementary school three times that a six-year-old...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!