Elon Musk is committed towards Twitter 2.0

Nov 22, 2022 thejournalbiz

Elon Musk cut Twitter’s staff roughly by half earlier this month alone!

Declaring that massive layoffs is due to a heavy burden on Twiter, just recently Musk Tweeted that new 1.6M daily active users were added only past week.

Tweet on the latest by Twitter

Elon Musk is committed towards Twitter 2.0!!

Musk's recent layoff of Twitter’s staff was estimated to be roughly the half!
However, @Twitter adds new 1.6M daily active users this past week, an absolute all-time high, according to the new Chief Twit @elonmusk pic.twitter.com/lnCyhPaKFG

— The_Journalbiz (@the_journalbiz) November 22, 2022

Tweet by Elon Musk

New cuts follow mass layoffs and resignations since Elon Musk took over the social-media platform

Elon Musk extended his job-cutting at Twitter Inc., laying off some employees in sales after they had signed on to the billionaire’s vision for the social-media platform, people familiar with the matter said.

“Holding off relaunch of Blue Verified until there is high confidence of stopping impersonation,” Mr. Musk tweeted. “Will probably use different color check for organizations than individuals.”

Earlier this month, the company rolled out Twitter Blue, allowing any user to pay $7.99 a month for a verified account and other privileges. Not long after, it halted the paid subscription program as accounts impersonating companies, celebrities and brands began populating the platform. Last week he said it would be relaunched on Nov. 29.

Last week, Twitter also underwent another wave of departures to its already depleted workforce after many employees chose to take severance rather than commit to working “long hours at high intensity” to stay. At the time, Mr. Musk tweeted: “The best people are staying, so I’m not super worried.”

The company, which has posted a loss in eight of the past 10 fiscal years, has previously said staff reductions were necessary to “place Twitter on a healthy path.”

Mr. Musk cut the company’s staff roughly by half earlier this month and let go of many contractors, after he bought Twitter for $44 billion and took it private late last month. Twitter had roughly 7,500 employees at the beginning of this year.