Elon Musk mentioned on Saturday on Twitter that Twitter is shedding over $4 million a day, concerning the power discount in Twitter.
“Regarding Twitter’s reduction in force, unfortunately, there is no choice when the company is losing over $4M/day,” he tweeted.
“Everyone exited was offered 3 months of severance, which is 50% more than legally required.”
Regarding Twitter’s discount in power, sadly there is no such thing as a alternative when the corporate is shedding over $4M/day.
Everyone exited was supplied 3 months of severance, which is 50% greater than legally required.
He additionally mentioned, “Again, to be crystal clear, Twitter’s strong commitment to content moderation remains absolutely unchanged.”
Five former workers filed a lawsuit alleging Twitter failed to offer satisfactory discover of job cuts on Thursday.
Several celebrities have voiced their disapproval of Elon Musk’s plan to cost $8 monthly for blue ticks on Twitter. Many have in contrast the billionaire to a fictional character who asks buddies to do chores after which prices them.
Musk additionally criticized companies for withdrawing their promoting from the platform. He mentioned that Twitter has seen an enormous drop in income on account of activist teams pressuring advertisers, even though nothing has modified with content material moderation and so they did every little thing they may to appease the activists.
