Mass Layoffs Begin at Twitter as Elon Musk Faces a Class Action Lawsuit | CoinMarketCap

United States News News

Mass Layoffs Begin at Twitter as Elon Musk Faces a Class Action Lawsuit | CoinMarketCap
United States Latest News,United States Headlines
  • 📰 CoinMarketCap
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

ElonMusk has begun making huge job cuts at Twitter — less than a week after he acquired the social network. 🧐 Reports suggest up to 3,700 — about 50% of staff — could end up being given their marching orders.

There's speculation that the entire curation team have been dismissed, with critics warning this will make Twitter "noisier, more dangerous and less interesting."

And in a sign that things will get challenging for staff who remain, Musk has canceled "days of rest" — with warnings Twitter's remote work policy is facing the ax.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinMarketCap /  🏆 290. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

San Francisco-Based Lyft to Lay Off Nearly 700 EmployeesSan Francisco-Based Lyft to Lay Off Nearly 700 EmployeesRide-hailing service Lyft is cutting 13% of its workforce, almost 700 employees, as it attempts to reduce operating expenses.
Read more »

Lyft laying off nearly 700 workersLyft laying off nearly 700 workersRide-share company Lyft announced Thursday that it has plans to slash its total headcount by 13%, with approximately 683 workers being impacted.
Read more »

SLC’s new towering hotel and its restaurants are now open. Take a photo tour.SLC’s new towering hotel and its restaurants are now open. Take a photo tour.Next to the Salt Palace, the long-awaited skyscraper is meant to boost the city’s convention business and offer Utahns a new place to frequent.
Read more »

UN: Global warming to melt major glaciers by 2050 — including Yosemite'sUN: Global warming to melt major glaciers by 2050 — including Yosemite's'Glaciers in a third of the 50 World Heritage sites are condemned to disappear,' report warns.
Read more »

Lyft Just Laid Off Nearly 700 Corporate Employees and Partly Blamed It on Paying for Drivers’ InsuranceLyft Just Laid Off Nearly 700 Corporate Employees and Partly Blamed It on Paying for Drivers’ InsuranceThe company's co-founders said rising inflation and rising rideshare insurance costs were main motivating factors for axing 13% of its corporate staff.
Read more »

Lyft to lay off 13% of staff | CNN BusinessLyft to lay off 13% of staff | CNN BusinessLyft on Thursday said it will lay off 13% of its staff, or nearly 700 employees, as it rethinks staffing amid rising inflation and fears of a looming recession.
Read more »



Render Time: 2025-02-19 13:48:21