Amazon's Cloud Services Division Announces Layoffs
In a significant move that reverberates across the tech industry, Amazon has disclosed plans for substantial layoffs within its cloud services division
Elon Musk will start laying off Twitter employees on Friday.
As per an unsigned internal memo seen by The Verge, Twitter employees were notified in the email that the layoffs were set to begin. Employees will receive an email by 9 AM PST on November 4th confirming whether they have been laid off or not, according to the internal memo, which also states that employee badge access to Twitter's offices will be shut off "temporarily."
"We acknowledge this is an incredibly challenging experience to go through, whether or not you are impacted," the memo read.
"Thank you for continuing to adhere to Twitter policies that prohibit you from discussing confidential company information on social media, with the press or elsewhere," the memo added.
Musk is expected to cut roughly half of Twitter's roughly 7,500-person workforce.
The layoff comes a week after Musk became Twitter owner.
Musk has already indicated that he would make job cuts at Twitter, telling employees at a town-hall meeting this summer that there needs to be "a rationalization of headcount" at the social network.
On October 30, asked by someone on Twitter to identify "the one thing that's most messed-up at Twitter right now," Musk replied, "There seem to be 10 people 'managing' for every one person coding" at Twitter.
In April, Twitter accepted Musk's proposal to buy and make the social media service private. However, Musk soon began sowing doubt about his intentions to follow through with the agreement, alleging that the company failed to adequately disclose the number of spam and fake accounts on the service.
In July, in a surprising turn of events, Musk who had long been showing his interest to buy Twitter terminated the deal. The Tesla CEO did so by alleging that Twitter violated their mutual purchase agreement by misrepresenting the number of spam and fake bot accounts on its platform.
After Musk put out the deal termination announcement, the market saw a sharp decline. Later, Twitter sued Musk accusing him of using bots as a pretext to exit a deal. Again, last week, Musk confirmed that he would move forward with the Twitter buyout at the originally agreed price of USD 54.20 per share
Follow Novinite.com on Twitter and Facebook
Write to us at editors@novinite.com
Информирайте се на Български - Novinite.bg
/ANI
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
In a significant development, the Russian army has seized control of the pivotal village of Ocheretyne in the Donetsk region of Ukraine, a strategic location crucial for Ukrainian defense efforts
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
In a concerning revelation, the ad hoc committee investigating the activities of Gleb Myshin uncovered that over the past three to four years, a staggering 343 candidates from the Russian Federation seeking Bulgarian citizenship were discovered to have su
As the summer season draws near, the issue of staffing in the tourism sector in Bulgaria comes to the forefront once again, with the workforce having to depend on individuals from foreign countries for yet another year
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022