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BBCNEWS BBC News July 7, 2024

the social media company twitter has begun sudden and sweeping job cuts to save money. it s thought its new owner elon musk, who s the world s richest man, might reduce the platform s workforce of 8 thousand by as much as half. many twitter staff are finding out via email that they no longer have a job. here s our technology editor zoe kleinman. elon musk did not speak to any of the thousands of employees laid off today. instead he was a surprise guest at this investor conference in new york. meanwhile, many twitter staff woke up locked out of their work laptops. they were later told by an e mail to the personal accounts that it was the last working day at the firm. some have been told they will be paid until february next year, getting some sort of certainty after months of uncertainty. in some cases, some relief, right? because this was a thing that played out over the course of the majority of this year. there were, understandably, lots of emotional tweets. another s ....

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BBCNEWS BBC News July 7, 2024

begun sudden and sweeping job cuts to save money. it s thought its new owner elon musk, who s the world s richest man, might reduce the platform s workforce of 8 thousand by as much as half. many twitter staff are finding out via email that they no longer have a job. here s our technology editor zoe kleinman. elon musk did not speak to any of the thousands of employees laid off today. instead he was a surprise guest at this investor conference in new york. meanwhile, many twitter staff woke up locked out of their work laptops. they were later told by an e mail to the personal accounts that it was the last working day at the firm. some have been told they will be paid until february next year, getting some sort of certainty after months of uncertainty. in sort of certainty after months of uncertainty- sort of certainty after months of uncertain . , uncertainty. in some cases, some believe, right? uncertainty. in some cases, some believe, right? because uncertainty. in som ....

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BBCNEWS BBC News June 4, 2024 00:05:00

In the company. is it about the company s health? can you see why elon musk might decide to do this? in this kind of business, cutting employees, we are talking about digital business, cutting employees, cutting up to half of your workforce of whatever that might be is not the best way to improve profitability. improve profitability by growing your business. talking about the social media digital business. in digital businesses, employees and payroll is not the major expense either. so why is he doing it? well, i don t know if anyone knows other than elon musk and his core group. he has declared he is a free speech absolutist and we re hearing rumours that he is cutting moderation activities. that all remains to be seen. ....

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