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Elon Musk, Who took over TwitterRecently, 3,500 people were laid off employees, including almost the entire Indian staff of the social network. This comes a week after the billionaire became the sole director of the company and sacked CEO Parag Aggarwal along with the company’s CFO, policy chief and lead counsel. In a notification sent to employees on November 4, Twitter said it would “reduce our global workforce”. Let’s take a look at some of the top talking points to understand Twitter’s decline in the global workforce.
1. Twitter started notifying employees on November 4
According to an internal memo, Twitter employees received an email around 09:00 am PST (09:30 pm IST) confirming whether they had been fired or not. Badge access for Twitter employees will be “temporarily” shut down by the company’s change, the memo said.
“We agree that it’s a very challenging experience, whether you make the impact or not.” The memo said. “Thank you for continuing to abide by Twitter’s policies that prohibit you from discussing confidential company information on social media, with the press or elsewhere.”
Now, while the memo doesn’t say exactly how many employees are affected, Elon Musk is expected to lay off roughly half of Twitter’s 7,500-person workforce.
2. Elon Musk tweets about revenue declines rather than layoffs
In a tweet shortly after the announcement, Elon Musk pointed to “Massive drop in revenue” For Twitter. In his tweet, Musk did not mention layoffs. Instead, Twitter’s chief pointed out that the pressure on advertisers from activist groups is causing a sharp drop in revenue. “So confusing! They are trying to destroy free speech in America. said in the tweet.
Now, Musk’s concerns aren’t surprising, as several large companies have pulled back advertising on Twitter since Musk took over. The billionaire said he wants Twitter to move away from advertising as its primary source of revenue and instead plans to charge people for premium benefits through an $8 (~Rs700) monthly subscription with blue tick verification.
3. Security, policy, communications, tweet curation and more will be affected by the deletion
Elon Musk has laid off nearly half of Twitter’s 7,500 employees. According to The Verge ReportIt also left behind teams working to protect against election disinformation ahead of next week’s US midterms.
Product trust and safety, policy, communications, tweet curation, ethical AI, data science, research, machine learning, social good, accessibility, and even some core engineering teams are the areas most affected by Musk’s cuts, the report suggests. , referenced tweets from fired employees.
Employees still at Twitter told The Verge that they hope the company has one “It’s very difficult to maintain critical infrastructure in the short term.”
4. 15 percent trust and safety staff leaves, but this does not affect moderation
Although half of its 7,500 employees have been laid off, Twitter said the platform’s “core moderation capabilities” are still in place. According to Yoel Roth, Twitter’s head of security and integrity, frontline moderation staff felt little impact. Daily volume “remains stable” as “moderation measures have been taken,” Roth was quoted as saying in a report from The Verge.
5. Twitter faces class-action lawsuit for firing half of its employees
Twitter is now being sued for mass layoffs. A class-action lawsuit has been filed against Twitter for not giving employees advance notice of a mass layoff. The lawsuit alleges that Twitter violated worker protection laws, including the federal Worker Adjustment and Retention Notification Act and California’s WARN Act, both of which require a company to give 60 days’ notice before firing an employee.
The lawsuit also refers to a previous incident in which Musk fired employees without notice. Tesla, of which Musk is CEO, has been sued by former employees for mass layoffs in June 2022.