HomeWorldElon Musk defends layoffs, says Twitter loses more than USD 4 million...

Elon Musk defends layoffs, says Twitter loses more than USD 4 million per daySEXI News

File photo of Tesla CEO Elon Musk (Courtesy: Twitter)

Washington: Defending his decision on laying off Twitter employees, Tesla CEO Elon Musk said that the micro-blogging site is losing more than USD 4 million per day. Taking to Twitter, Elon Musk said, “With regards to Twitter’s reduction in force, unfortunately, there is no alternative when the company is losing more than USD 4M/day. Everyone who opted out would get a 3-month severance.” was offered, which is 50% more than what is legally required.”

“Again, to be clear, Twitter’s strong commitment to content moderation remains absolutely unchanged. In fact, we’ve actually seen hate speech several times this week fall *below* our prior norms, Contrary to what you might read in the press, he said.

Also read: Twitter Down? Many users complain about login issues

On Friday, Twitter employees were informed in an email that layoffs were about to begin, according to an unsigned internal memo seen by The Verge. Musk is expected to cut Twitter’s roughly 7,500-person workforce by about half. The entrepreneur’s $44 billion purchase of Twitter was completed last week and on the same day, he fired several top leaders of the company, including chief executive Parag Agarwal.

Musk had already indicated he would take job cuts at Twitter, telling employees at a town-hall meeting this summer that there should be a “rationalization of headcount” at the social network. Meanwhile, talking about the new changes to the micro-blogging site, Musk said in a tweet, “Again, to be clear, Twitter’s strong commitment to content moderation remains absolutely unchanged.

In fact, we’ve actually seen hate speech several times this week fall *below* our prior norms, which you can read in the press. Earlier, Elon Musk, who closed a $44 billion Twitter takeover deal and took control of the micro-blogging platform, called for the company to “severely drop in revenue” as activist groups pressured advertisers. “Guilted.

ALSO READ: Agneepath plan for BJP could turn into a path of fire in Himachal elections

“Twitter’s revenues have dropped drastically due to activist groups putting pressure on advertisers, even though nothing has changed with content moderation and we’ve done everything we can to please activists. Very fucked up! They’re trying to destroy freedom of expression in America,” Musk said in a tweet. The billionaire owner of Tesla tweeted that “activists” are raising concerns about how Twitter is operated, “Trying to destroy free speech in America.”