Tesla CEO Elon Musk has told Twitter employees that he is not going to lay off 75 per cent of the workforce when he takes over the micro-blogging platform.
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After reports emerged that Elon Musk is planning "to cut 75 per cent of Twitter staff", employees at the microblogging platform warned the tech billionaire that mass layoffs would be "reckless"
Musk agreed to pay $44 billion for Twitter in April before the Federal Reserve started raising interest rates to fight inflation
Twitter Inc clarified to staff that there are no plans for company-wide layoffs since it signed a deal to be acquired by billionaire Elon Musk
Elon Musk plans to lay off most of Twitter's workforce if and when he becomes owner of the social media company, according to a report on Thursday by The Washington Post. Musk has told prospective investors in his Twitter purchase that he plans to cut nearly 75 per cent of Twitter's employee base of 7,500 workers, leaving the company with a skeleton crew, according to the report. The newspaper cited documents and unnamed sources familiar with the deliberations. San Francisco-based Twitter and a representative for Musk attorney Alex Spiro did not immediately respond to messages seeking comment. While job cuts have been expected regardless of the sale, the magnitude of Musk's planned cuts are far more extreme than anything Twitter had planned. Musk himself has alluded to the need to cull some of the company's staff in the past, but he hadn't given a specific number at least not publicly. "A 75 per cent head count cut would indicate, at least out of the gates, stronger free cash fl
Elon Musk's plans for Twitter Inc. involve slashing its staff by nearly 75% in a matter of months, according to documents obtained by the Washington Post
Admitting that he is "obviously" overpaying to acquire Twitter, Elon Musk has said that the micro-blogging platform has great potential in the long term.
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Tesla CEO Elon Musk is being investigated by the US federal authorities in connection with his USD 44 billion Twitter buyout deal, said media reports citing a court filing by the microblogging site.However, the Thursday Twitter court filing did not go into details of the ongoing probe as to what actions taken by the business magnate are being investigated by the officials, reported CNN.In the court filing, Twitter without delving into details of the matter, simply said that they are looking into Musk's "conduct" linked to the deal. The main scrutiny seems to be on Musk's legal team.Twitter accused Musk's legal team of failing to produce draft communications with the Securities and Exchange Commission and a slide presentation to the Federal Trade Commission. This is part of the two sides' ongoing litigation over whether Musk can walk away from the deal, reported CNN.Reacting to the Twitter filing, Musk's attorney Alex Spiro said that the filing only aims to digress from its own legal ..
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Filmmaker Karan Johar on Monday said he is bidding adieu to microblogging site Twitter to make way for "positive energies only". The 50-year-old director, often subjected to abuse and trolling on social media, announced his departure from the platform in a tweet. "Making space for more positive energies only and this is step one towards that. Goodbye Twitter!" Johar said. Hours after the announcement, his Twitter account was deactivated and the page displayed the message: 'This account doesn't exist'. The filmmaker, known for helming "Kuch Kuch Hota Hai", "Kabhi Khushi Kabhie Gham", and "Ae Dil Hai Mushkil", had 17.2 million followers on Twitter. He continues to be active on Facebook and Instagram. Johar's next directorial venture "Rocky Aur Rani Ki Prem Kahani" will arrive next February. He recently wrapped the seventh season of his celebrity talk show "Koffee With Karan".
Kanye West's Twitter account has been restricted by the company. Not just that, his Instagram account has also been restricted.According to Variety, a Twitter spokesperson confirmed the news. However, the reason for which his account was restricted by the micro-blogging site hasn't been specified by the company yet.Many have been linking the decision to restrict his account to his last two tweets which have been largely criticized as anti-semitic.Twitter has removed the first tweet for "violating the Twitter rules." Later, West asserted in the post that he couldn't be antisemitic and claimed that Jews had "toyed" with him.He wrote, "I'm a bit sleepy tonight but when I wake up I'm going death [sic] con 3 On JEWISH PEOPLE". The tweet has now been deleted."The funny thing is I actually can't be Anti Semitic because black people are actually Jew also. You guys have toyed with me and tried to black ball anyone whoever opposes your agenda," West added.Later, he tweeted, "Who do you think ...
When banks led by Morgan Stanley agreed in April to help finance Elon Musk's purchase of Twitter Inc., they were eager to aid an important client, the richest person in the world