Elon fired 80% of employees after he took over Twitter, now at 1,500 from 8,000

Apr 12, 2023 16:32 By X

~1 min read

Last Updated: Oct 12, 2023 19:07

Elon Musk's recent acquisition of Twitter has brought about some exciting changes for the social media platform. In a recent interview with BBC, Musk revealed that he had to make some tough decisions to ensure the long-term viability of the company. One of these decisions was to reduce costs by laying off 80% of Twitter's employees, bringing the employee count down to 1,500 from around 8,000.

While the layoffs may have been a difficult decision, they were necessary to keep Twitter afloat. Musk's acquisition of the company for $44 billion in October 2022 was a massive deal, and he had to take bold steps to ensure that the company remained profitable. In addition to the layoffs, Musk also removed one of the data centers and sold some furniture to further reduce costs.

Despite the cost-cutting measures, Twitter is still a popular social media platform with millions of users worldwide. Musk's decision to offer a blue verification check mark as part of Twitter Blue subscription for $8 per month is a positive step towards improving the company's revenue streams. This move will not only help Twitter generate more revenue but also provide users with a better experience on the platform.

Furthermore, Musk's efforts to slowly regain advertisers that were lost after he took over are a testament to his commitment to the company's success. His vision for Twitter is to make it a profitable and sustainable platform that can compete with other social media giants.

While the layoffs may have caused concern among Twitter users and the tech industry, it is important to remember that Musk's decisions were made with the best interests of the company in mind. The changes he has implemented will help ensure that Twitter remains a viable platform for years to come.

In conclusion, Elon Musk's acquisition of Twitter has brought about some exciting changes for the social media platform. While the layoffs may have been a difficult decision, they were necessary to ensure the company's long-term viability. Musk's efforts to improve Twitter's revenue streams and regain lost advertisers are a testament to his commitment to the company's success. With these changes, Twitter is poised to remain a popular and profitable social media platform for years to come.

In a recent interview with BBC, Elon Musk, the CEO of Tesla and SpaceX, revealed that he had fired 80% of Twitter’s employees after acquiring the social media platform in late 2022. The move reduced the employee count from around 8,000 to just 1,500. Musk stated that the decision was made to reduce costs, as Twitter only had four months of cash left.

Musk’s acquisition of Twitter was a massive deal, with the purchase price totaling $44 billion in October 2022. In addition to the layoffs, Musk also removed one of the data centers to further reduce costs, leaving Twitter with only two data centers. The company also sold some furniture and closed down its 24/7 kitchen.

In an effort to improve its non-advertising revenue, Twitter is now offering a blue verification check mark as part of its Twitter Blue subscription for $8 per month. Musk also stated that the company is slowly regaining advertisers that were lost after he took over.

The layoffs have caused concern among Twitter users and the tech industry as a whole. While Musk’s decision to reduce costs may have been necessary to keep the company afloat, the massive layoffs have left many wondering about the future of Twitter and its employees.

Despite the layoffs, Twitter remains a popular social media platform, with millions of users worldwide. The addition of the #blue verification check mark as part of #Twitter Blue is a positive step towards improving the company’s revenue streams and ensuring its long-term viability.

In conclusion, Elon Musk’s acquisition of Twitter has resulted in massive layoffs and cost-cutting measures. While the move may have been necessary to keep the company afloat, it has left many concerned about the future of Twitter and its employees.

However, the addition of the blue verification check mark as part of Twitter Blue is a positive step towards improving the company’s revenue streams and ensuring its long-term viability.

Source: BBC article on Elon Musk latest interview

Elon Musk's recent acquisition of Twitter has caused concern among many in the tech industry. In a recent interview with BBC, Musk revealed that he had laid off 80% of Twitter's employees, reducing the employee count from around 8,000 to just 1,500. Musk stated that the decision was made to reduce costs, as Twitter only had four months of cash left.

The layoffs have left many Twitter users and employees worried about the future of the platform. Musk's acquisition of Twitter for $44 billion in October 2022 was a massive deal, and his cost-cutting measures have raised questions about his commitment to the company's long-term success. In addition to the layoffs, Musk also removed one of the data centers and sold some furniture to further reduce costs.

While Musk's decision to offer a blue verification check mark as part of Twitter Blue subscription for $8 per month may generate more revenue for the company, it is unlikely to make up for the loss of employees and the negative impact on the user experience. The layoffs have left many Twitter users feeling disillusioned and frustrated with the platform.

Musk's efforts to regain lost advertisers are also unlikely to be successful. His reputation for making controversial statements and engaging in erratic behavior has made many advertisers wary of associating their brands with Twitter. Musk's involvement with the platform may actually be hurting its chances of attracting new advertisers.

In conclusion, Elon Musk's acquisition of Twitter has caused concern among many in the tech industry. The massive layoffs and cost-cutting measures have raised questions about Musk's commitment to the company's long-term success. While his efforts to generate more revenue for the company may be well-intentioned, they are unlikely to make up for the loss of employees and the negative impact on the user experience. Musk's involvement with the platform may actually be hurting its chances of attracting new advertisers.

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