Ejiros
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Elon Musk's plan to take Twitter private
Elon Musk's plan to take Twitter privately in 2022 is a bold move, but there are some big questions that should be answered first. While the tech billionaire has vast experience building rockets, electric cars, and underground tunnels, Twitter is very different. Musk must figure out how to run a platform that has 400 million users, as well as journalists and influential world leaders. He also has to address issues surrounding political speech moderation. In addition to that, he'll have to develop a better business model for Twitter, which has suffered a massive decline in stock value over the past year.
Taking Twitter private will also mean massive layoffs, and Musk has hinted that he will be cutting 75% of the company's employees in order to achieve his goals. While this could generate significant savings, the plan could ultimately worsen Twitter's already low morale. The plan also threatens to push users away from the site. If so, Twitter users can only hope that the cuts are not too drastic.
Taking Twitter private will also mean massive layoffs, and Musk has hinted that he will be cutting 75% of the company's employees in order to achieve his goals. While this could generate significant savings, the plan could ultimately worsen Twitter's already low morale. The plan also threatens to push users away from the site. If so, Twitter users can only hope that the cuts are not too drastic.
Elon Musk's firing spree at Twitter
Elon Musk's recent firing spree at Twitter is a clear indication of his frustration with the company's management structure. Elon Musk, who recently completed a $44 billion takeover, has made it clear that he will not be content until the company is run in a more efficient way. The billionaire has reportedly fired several top executives, including CEO Parag Agrawal. He also allegedly offered to buy back Twitter's bonds and directed his team to restructure the verification process.
Twitter's layoffs have sparked outrage among employees, including those working in content moderation and U.S. election-related issues. Many tweeters used hashtags like #LoveWhereYouWork and #OneTeam in their posts. Employees in many departments including engineering, marketing, public policy, and human resources were among those affected.
Twitter's layoffs have sparked outrage among employees, including those working in content moderation and U.S. election-related issues. Many tweeters used hashtags like #LoveWhereYouWork and #OneTeam in their posts. Employees in many departments including engineering, marketing, public policy, and human resources were among those affected.
Scale of layoffs at Twitter
While Musk has made a $44 billion hostile bid for Twitter, the deal is not likely to go through. However, Twitter's management has announced plans to cut $800 million from its payroll by the end of next year, or nearly one-quarter of its workforce. This cuts are aimed at cutting costs and infrastructure. Even with a cutback in headcount, Twitter will continue to retain its 200 million users.
As for the scale of layoffs at Twitter in 2022, while human resources staff have said that there are no plans for mass layoffs, documents released by the company show that Musk has plans to cut infrastructure costs. Layoffs would likely target low performers - those rated as "not on track" or receiving "3 or lower" from a performance review.
As for the scale of layoffs at Twitter in 2022, while human resources staff have said that there are no plans for mass layoffs, documents released by the company show that Musk has plans to cut infrastructure costs. Layoffs would likely target low performers - those rated as "not on track" or receiving "3 or lower" from a performance review.
Employees' reaction to layoffs
Twitter's layoffs have left many employees upset. The company informed employees that approximately 50 percent of its workforce was being axed on Friday. Twitter employee Simon Balmain told Reuters that he was among those who lost their jobs. On Friday, he received an email detailing the cuts, which he did not immediately understand.
Many employees are left unsure about what to do next. Some are still holding out hope that the new regime will improve the company's products and culture. Others are eager to move on.
Many employees are left unsure about what to do next. Some are still holding out hope that the new regime will improve the company's products and culture. Others are eager to move on.
