Elon Musk addressed the job cuts at Twitter Friday, tweeting: “Unfortunately there is no choice when the company is losing over $4M/day.” He added that those exiting the company were offered three months severance.
Elon Musk capped off his tumultuous first week as owner of Twitter Inc. by carrying out sweeping job cuts while complaining that advertisers have slashed their ad spending on the platform overMr.
Musk blamed what he called “a massive drop in revenue” on “activist groups pressuring advertisers.” He said in tweets that Twitter hadn’t changed content moderation and had tried to address activists’ concerns.
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