Billionaire Elon Musk reportedly begins to make mass redundancies following his $44 billion takeover of Twitter.
Rumours began making the rounds earlier in the week that Elon Musk was going to enforce employment cuts once he gets settled into his new office.
Reports of Twitter cuts were true
Bloomberg reported that over half of Twitter’s workforce is set to lose their jobs. Unfortunately, it now seems those reports might be true.
The first high-profile cut is Twitter user Shiraz, the social lead for the company’s gaming division. Shiraz announced the news via one of those videos that people do when they find new employment. Sadly, for Shiraz, it’s the other way around.
Before Shiraz was let go, he obviously felt inevitable and thanked all those that he had worked with during his 9 ½ years at the company.
“To all the Creators, Influencers, Athletes, Actors, Streamers, and Gamers I’ve had the pleasure of speaking to on behalf of Twitter, it’s been an honour no matter what happens.”
More cuts set to be made following Elon Musk Twitter takeover
To make matters worse, more employees will soon lose their jobs following Musk’s takeover. In fact, further cuts would have likely happened before reading this article.
However, there may be a twist in this tale, that’s at least according to a lawyer by the name of Lisa Bloom. In response to the mass employment cuts at Twitter, Bloom said: “law requires Twitter to give you 60 days’ notice of a massive layoff. A layoff of 50+ employees within a 30-day period qualifies.”
I don’t know a lot about this law, but if the statement above is true, there might at least be some consolation for those that have been made redundant following Elon Musk’s takeover.
Whatever happens, no matter who you are or where you worked, we hope that you all land on your feet soon. You are too good to stay down.
In related news, Elon Musk is also charging for blue tick verification. It was reported that it could cost $20 per month. However, the cost is way below that estimate. Not that it makes the situation any better, of course.
What are your thoughts on the job cuts made since Elon Musk has taken over Twitter? Let us know across our social media channels.
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