Twitter CEO Elon Musk made no secret about the fact that he would be making aggressive cuts to Twitter’s workforce when he took over the company late last year —and now we know how many twits got the boot.
The bluebird staff is down to just 1,500 from 8,000.
“The company’s going to go bankrupt if we do not cut costs immediately,” Musk commented in an interview with the BBC. “This is not a caring-uncaring situation. If the whole ship sinks then nobody’s got a job. This hasn’t been some sort of party. It’s been really quite a stressful situation.”
“In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday,” one email from the company to all employees said last year. “We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success moving forward.”
From The Daily Wire:
Other prominent technology firms have started to reduce headcount as the elevated consumer demand which followed the lockdown-induced recession recently began to slow. More than 131,000 workers have been dismissed from technology firms so far in 2023, according to a report from Crunchbase, even after companies nixed about 93,000 positions last year.
Musk is also a prominent critic of remote work arrangements and has largely discontinued the practice within the companies he leads, which also include electric automaker Tesla and rocket company SpaceX. The multibillionaire informed employees at Tesla that virtual work is “no longer” acceptable and commented on social media that those who disagree with the new policy “should pretend to work somewhere else.” During a town hall meeting with Twitter employees months before the acquisition was finalized, Musk was asked about remote work, prompting him to assert that staying “on location physically” is far superior to other arrangements.
Musk recently got into a heated discussion with a BBC interviewer who claimed hate speech was spiking on Twitter in the wake of all the firings.
Watch the clip above. More over at The Daily Wire:
‘A Stressful Situation’: Elon Musk Has Fired More Than 80% Of Twitter Staff https://t.co/2SvfXEtaGu pic.twitter.com/nQksGPwBtU
— Daily Wire News (@DailyWireNews) April 12, 2023
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