Twitter will begin mass layoffs Friday morning, as Elon Musk looks to slash costs at the social-media company that he acquired last week for $44 billion.
In an unsigned email sent to Twitter’s 7,500 employees late Thursday, the company said: “In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday.” Employees will be notified by email by 9 a.m. Pacific whether they still have a job or not.
“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,” the company email said. It added that Twitter’s offices will be closed and badge access suspended “to help ensure the safety of each employee as well as Twitter systems and customer data.”
The email did not say how many jobs will be cut, but Bloomberg News reported Wednesday said 50% of its workforce — about 3,700 people — could be laid off.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Former OneTaste participants sue Netflix over ‘Orgasm Inc’ documentaryThe group is suing Netflix over footage it alleges in court papers was stolen and may include “intimate body parts and acts of sexual intercourse.”
Lire la suite »
Binance CEO says support for free speech is reason he invested in TwitterThe chief executive of Binance, the world's largest crypto exchange, said he was 'extremely supportive' of freedom of speech and that was the main reason why his company decided to invest $500 million into Elon Musk's buyout of Twitter Inc.
Lire la suite »
CVS, Walmart, Walgreens agree to pay $13.8 bln to settle U.S. opioid claims - sourcesCVS Health Corp , Walgreens Boots Alliance Inc and Walmart Inc have tentatively agreed to pay about $13.8 billion to resolve thousands of state and local government lawsuits accusing the chains of mishandling opioid painkillers, according to two people familiar with the negotiations.
Lire la suite »
Roku stock plunges as earnings forecast disappointsRoku Inc. shares were plummeting 19% in after-hours trading Wednesday after the streaming company topped expectations with its latest results but gave a...
Lire la suite »
Qualcomm stock drops as outlook falls short of expectationsQualcomm Inc. shares fell in the extended session Wednesday after the chip maker's outlook came in way below what Wall Street expected.
Lire la suite »
On anniversary of home-flipping flop, Zillow is done selling housesZillow reported better than expected earnings and revenue: a third-quarter loss of $53 million, or 21 cents a share, on net revenue of $483 million, down from $1.74 billion a year ago. $ZG shares have declined 52.7% so far this year:
Lire la suite »