Twitter began downsizing and notified employees of the job status via email on Friday. Employees who have been dismissed must have been offered three months’ severance pay. – Everyone who lost their job was offered three months’ severance pay, which is 50 percent more than what is required by law, Musk said via Twitter. Musk has not disclosed how many people have been dismissed. But according to sources for the Washington Post, around half of the 7,500 employees in the company have been fired. – Regarding the downsizing in the number of employees at Twitter, there was unfortunately no other way out when the company is losing over 4 million dollars per day, writes Elon Musk on Twitter on the night of Saturday. The sum he states corresponds to around NOK 40 million. Large companies drop ads Several large companies have stopped their advertising on Twitter, due to concerns that there will be less moderation and more misinformation on the platform. – There has been a massive drop in revenue due to activist groups that have pressured advertisers, writes Musk. Elon Musk during the Annual Baron Investment Conference in New York on Friday 4 November. Photo: Baron Capital / AP 90 percent of Twitter’s revenue comes from advertising revenue, writes The Guardian. Major companies such as General Mills have paused Twitter advertising to gauge the course the platform will take under Elon Musk’s leadership. General Motors previously became the first company to temporarily stop advertising on the platform, and according to the Wall Street Journal, car manufacturer Volkswagen, pharmaceutical giant Pfizer and Oreo manufacturer Mondelez have also decided to do the same. Twitter’s headquarters in San Francisco, California. Photo: SAMANTHA LAUREY / AFP Biden: – Spit out lies US President Joe Biden commented on Elon Musk’s acquisition of Twitter during an event on Friday. The president is concerned that the platform is being used to spread misinformation. – Musk has bought a platform that spews lies all over the world, Biden said, according to the Reuters news agency. – There are no editors left in the USA. There are no editors. How can we expect our children to be able to understand what is at stake. Photo: KEVIN LAMARQUE / Reuters Says he is committed to moderation Musk has also retweeted a number of messages from the company’s security chief Yoel Roth. According to Roth, 15 percent of his staff have been dismissed. His staff who work with moderation are the least affected, he writes. – The majority of our more than 2,000 moderators are not affected by this, Roth tweeted on Friday. Photo: Screenshot from Twitter Night to Saturday, Musk also writes on Twitter that they continue with moderation: – Once again, to make it crystal clear: Twitter’s strong commitment to moderating content remains completely unchanged. – In fact, this week we have seen that hate speech has at times fallen below the previous levels, completely contrary to what you may have read in the media, he writes.
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Twitter loses 4 million dollars a day – news Urix – Foreign news and documentaries
