threatening layoffs a total of thousands of employees from twitterlaunched Elon Musk as the new owner of the platform, they monopolize the interest, drawing international news attention.
“Elon Musk starts shooting on Twitter. 7,500 employees of the company are preparing for job cuts“, writes the New York Times.
On Thursday, employees were notified via email that the layoffs had begun. In the same context, they were instructed not to go to the office on Friday, and by Thursday evening, many of the dismissed employees of the company lost access to corporate Slack and corporate email. As a reminder, Twitter, as a company, does not count profits, but losses, amounting to hundreds of millions of dollars every quarter. Whether Musk will be able to financially “sanitize” the company is still unknown.
However, in just the past few days, in addition to Musk’s tweet, other tech companies in the US have also announced cutbacks. In particular, according to the Quartz website, over the past 24 hours, mass layoffs have been announced by companies such as: Oracle, backlash, Band, gem, Upstart, Opened door, chime, Chargeby, Zillow, gop etc.
SF INSTALLATIONS: 16,772 workers laid off at 138 companies according to @sfstandard #sf #San Francisco #layoffs #technique #techgiants @twitter @lyft @band pic.twitter.com/NrXXWvcC1i
— Suzanne Phan (@SuzannePhan) November 3, 2022
At the same time, layoffs have recently taken place at giants such as Meta (its parent company facebook), Google and Microsoftwith companies in all cases citing lower-than-expected financials and outlook as the reason.
Source: Kathimerini
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