elon musk twitter layoff

What Led Twitter Users Into Voting Elon Musk Out: Timeline

21Dec

By adminNo Comments

Technology

What Led Twitter Users Into Voting Elon Musk Out: Timeline

[ad_1] After less than two months at the helm of Twitter Inc., Elon Musk asked his followers whether he should keep the job, pledging to abide by the result of the poll. They said he should step down. After less than two months at the helm of Twitter Inc., Elon Musk asked his followers whether he should keep the job, pledging to abide by the result of the poll. They said he should step down. It's the latest episode in a tumultuous series of events that's played out since he acquired the social network for $44 billion. In less than two months, Musk halved the company's workforce, fired most of its executives, and asked the remaining employees to commit to “hardcore” hours. He promised to restore free speech on the platform, but went on to ban several journalists and the owners of ...

Elon Musk Adds Fuel to The Twitter Jobs Fire, Sparks Staff Fury

18Nov

By adminNo Comments

Technology

Elon Musk Adds Fuel to The Twitter Jobs Fire, Sparks Staff Fury

[ad_1] Elon Musk gave Twitter Inc. employees an ultimatum to either commit to the company’s new “hardcore” work environment or leave. There is a virtual exodus on at Twitter after Elon Musk gave employees an ultimatum to either commit to the company's new “hardcore” work environment or leave their jobs sparking further fury. Many more workers declined to sign on than he expected and these layoffs have potentially put Twitter's operations at risk, according to people familiar with the matter. So many employees decided to take severance that it created a cloud of confusion over which people should still have access to company property. Twitter closed its offices until Monday, according to a memo viewed by Bloomberg. “Please continue to comply with company policy by refraining from disc...

Neutron Elon: Why Twitter’s Boss Is More Like Jack Welch Than You Think

11Nov

By adminNo Comments

Technology

Neutron Elon: Why Twitter’s Boss Is More Like Jack Welch Than You Think

[ad_1] Massive layoffs, a cult following and the goal of complete domination: Musk and GE’s longtime chief have a lot in common, but is Elon’s star beginning to dim just as Welch’s has? Elon Musk's recent moves to put his stamp on Twitter Inc. call to mind another cult figure of corporate America — Jack Welch. Both men have achieved mythic status in capitalism, generating vast wealth and cultivating slavish devotion in the process. Welch, who helmed General Electric Co. from 1981 to 2001, became famous for massive layoffs, championing shareholders over staffers and for financial engineering that ultimately led to catastrophe after he left. The style earned him the nickname “Neutron Jack.” Musk has a Steve Jobs-ian ability to know what customers want before they do, which has made h...

Irony of it all! Elon Musk Ties Tesla’s Fortunes to the Ad Business It has Long Eschewed

9Nov

By adminNo Comments

Technology

Irony of it all! Elon Musk Ties Tesla’s Fortunes to the Ad Business It has Long Eschewed

[ad_1] If Twitter is unable to win back advertisers, Tesla’s CEO may have to keep selling shares. Elon Musk is fond of saying that fate loves irony. This go-to phrase now seems awfully prophetic. The Technoking of Tesla has long eschewed advertising, arguing the electric-car company is better off spending on product. Besides, who needs a multimillion-dollar Super Bowl spot when you can blast your cherry-red Tesla Roadster into space to the soundtrack of David Bowie's “Life on Mars”? In addition to staging stunts like that 2018 maiden voyage of SpaceX's Falcon Heavy rocket, Musk is a master at generating viral publicity for himself and Tesla using Twitter. Sure, his posts often can be counter-productive — he's joked about the company going bankrupt, falsely claimed to have secured...

21Oct

By adminNo Comments

Technology

Twitter Layoffs Coming? Here Is Truth

[ad_1] Twitter told staff that there haven’t been plans for companywide layoffs since it signed a deal to be acquired by Elon Musk. Twitter Inc., confronting reports that Elon Musk aims to gut its workforce as part of his takeover, told staff that there haven't been plans for companywide layoffs since it signed a deal to be acquired by the billionaire. In a memo seen by Bloomberg News, Twitter General Counsel Sean Edgett warned workers to expect “tons of public rumors and speculation” as the closing of the deal nears. “We do not have any confirmation of the buyer's plans following close and recommend not following rumors or leaked documents but rather wait for facts from us and the buyer directly,” he said. The Washington Post reported that Musk's plan for Twitter involve slashin...