Every day the company is losing Rs 32 crore, Elon Musk defends the layoff in Twitter – न्यूज़लीड India

Every day the company is losing Rs 32 crore, Elon Musk defends the layoff in Twitter


International

oi-Artesh Kumar

,

Updated: Saturday, November 5, 2022, 11:19 [IST]

Google Oneindia News

Twitter’s new owner Elon Musk has claimed that there was a great need to lay off the microblogging platform. Elon Musk has said that he had no other option than this. He further said that the company is facing a loss of $4 million (over Rs 32 crore) every day. He further said that those who have been asked to leave the company have been given 3 months salary which is 50 per cent more than the legal requirement.

elonj musk

Elon Musk is laying off employees
Elon Musk has started efforts to reduce costs after the acquisition of Twitter. Twitter has started laying off employees from Friday. Experts say that Elon Musk wants to save about one billion dollars by reducing the cost of the company’s infrastructure. Twitter’s new owner Elon Musk wants to financially strengthen the messaging platform, and under this the company is undergoing massive layoffs.

Why Elon Musk is laying off, tweeted
Elon Musk tweeted that it was unfortunate, but the company was left with no other option due to a loss of US$4 million a day. According to the report, efforts are being made to bring Twitter back on the profit track. Under this process, the employees working in the company may have to face a lot of difficulties. Let us tell you that as soon as Elon Musk bought Twitter, the talk of laying off employees from the company started.

Employees die as Elon Musk becomes new boss
Earlier, there was talk of retrenchment of 75 percent of the employees. However, if media reports are to be believed, from today onwards a large number of employees will be shown the way out of the company. The Washington Post and The New York Times did not give exact figures, but they said that about half of Twitter’s 7,500 employees would be fired.

have to pay for blue tick
Elon Musk has put a huge burden of inflation on the common people as soon as he took over the command of Twitter. On behalf of Musk, Twitter blue tick users are being forced to pay $ 8 i.e. about 650 rupees per month. According to media reports, Elon Musk plans to start charging for Twitter’s blue check mark early next week. According to the news, whatever decision the world’s richest people take, they start implementing it very fast. According to a report in The New York Times and Bloomberg, Elon Musk plans to charge $8 subscription service fee for blue check mark users and users who want to keep the new blue tick mark from this coming Monday. According to the news, the implementation of this will also be started from Monday.

What is Elon Musk thinking?
As soon as Elon Musk took over the reins of Twitter, CEO Parag Agarwal, CFO Ned Segal and Head of Legal Policy, Trust and Safety Vijaya Gadde were shown the way out. Now again the sword is hanging on the employees. Let us tell you that after clearing the address of other top officials including CEO, CFO in Twitter, now the sword of retrenchment is hanging on the employees.

Twitter deal completed, now work begins
Elon Musk has become the new owner of Twitter after a $44 billion deal on October 27. Following the acquisition, Elon Musk has reportedly initiated a ‘reform’ in the policies of the micro-blogging platform. They have decided to reduce the number of employees.

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english summary

Elon Musk, the new owner of Twitter, has claimed that the major round of layoffs at the microblogging platform was necessitated by the millions of dollars the company was losing every day.



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