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More than half of Twitter staff has reportedly been laid off, some advertisers pulled their ads as well.
US President Joe Biden said the platform “spews lies all across the world.”
Is this the end of the once popular platform?
Twitter’s new boss Elon Musk has defended his decision to lay off scores of employees a week after his $44 billion acquisition of the platform.
According to Yoel Roth, Twitter’s head of safety and integrity – more than 7400 employees have been laid off.
Tweets by staff said teams responsible for communications, content curation, human rights and machine learning ethics were among those gutted.
Roth said the company’s front-line moderation staff was the group least impacted by the job cuts.
Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day,
Musk has since defended his decision.
Everyone exited was offered 3 months of severance, which is 50% more than legally required.”
Musk said earlier on Friday that Twitter saw “a massive drop in revenue” since he took over the social media giant. He blamed “activists” for pressuring advertisers to pull out amid concerns about content moderation.
With so many complains on the platform including Musk’s suggestion that ‘Verified’ users should pay as well as Twitter Blue’s monthly subscription fee increase to $8, it is uncertain how the latest changes will affect the platform, eventually.
