Elon Musk said Twitter is losing more than $4m a day and the company needs ‘to pay the bills somehow’
Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day.— Elon Musk An email sent to staff from Twitter's HR department on Saturday said they had until 9am on Tuesday to nominate any current employee.
Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists.November 4, 2022 Mr Clancy described the situation as the "digital P&O" - in reference to the shipping company, which was widely condemned after it sacked nearly 800 crew members without notice in March and replaced them with cheaper agency workers.
Prospect has written to Business Secretary Grant Shapps urging him to intervene in a letter which said: "It is totally unacceptable that anyone should be treated in such a manner. Some have since taken to Twitter to confirm they are leaving the company, with some revealing they have been logged out of their work laptops and internal messaging systems.
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