Elon Musk Fires 50% of Twitter Staff
Amidst recent reports about a revenue drop, the new CEO has wasted no time in making changes. Following rumors, it has just been reported that Elon Musk has officially fired 50% of Twitter Staff. Following the $44 million acquisition of one of the biggest social media platforms in the world, a new direction was assumed. Subsequently, the platform has seen a plethora of changes amidst its newfound evolution. Yet, with news hinting at a decline in revenue, Musk’s official response to his inherited staff is now public. BREAKING: Elon Musk fires 50% of Twitter staff. — Watcher.Guru (@WatcherGuru) November 4, 2022 Drop in Revenue Cited by Musk as the Reason for Mass Layoffs As reported by the Wall Street Journal, Elon Musk has cited a significant cutback in advertisers as the inciting incident to a drop in earnings. Conversely, layoffs quickly followed just over a week into the CEO’s tenure. In a Tweet sent by Musk, context to his implemented firings was giv...