Twitter Laid Off 50% of Staff to Tackle Dropping Revenue

In a tweet Safety and Integrity Head Yoel Roth says that the company’s layoffs affected 50% of employees.

Twitter Laid Off 50% of Staff to Tackle Dropping Revenue

He shared that 15% of Twitter’s staff is fired to tackle content moderation as these employees were hired and organized to act for preventing the spread of misinformation and harmful content on the social media network (but probably were not working as expected by the new owner).

After the billionaire Elon Musk acquired Twitter and fired the CEO and other staff for becoming the sole owner and taking the company private, we are seeing tweets of different employees losing their jobs.

Employees are frustrated and many of them tweeted that it is not the right way to fire your staff.

Elon Musk on the other hand pressured and said that Activists are to be blamed for Twitter’s loss as the company is losing millions every month.

The billionaire said that laying off the staff is the only solution to make the company profitable.

He is also considering the $8/month subscription model for having a blue tick on the user’s profile and other accessing other premium features on Twitter.

In addition to these, a Tweet Editing feature is also released and more and more features are in the pipeline.

Twitter and Elon Musk is everywhere on news websites and TV channels as he is consistently tweeting about what he is planning with Twitter and sharing his vision for the future of the company.

Many Hollywood celebrities and public figures have already left the social media network and blamed Elon Musk for this.

More on this topic soon.



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