Twitter Inc. is drafting plans for broad layoffs, according to people familiar with the matter, days after the social-media platform was taken private by billionaire Elon Musk for $44 billion.
Jack Dorsey's Bluesky Social received 30,000 sign-ups in two days for its beta testing waitlist as Elon Musk's Twitter deal neared its close.
Will Elon Musk be successful in firing key Twitter executives for "cause." It will be an uphill battle in California, which is notoriously pro-employee in labor disputes.
Twitter currently allows for videos up to 140 seconds and tweets up to 280 characters. Elon Musk may change that.
After closing the $44 billion Twitter Inc (NYSE: TWTR) buyout, Elon Musk's stance on Twitter employees is anticipated to be one of the most significant steps as he takes over the company. A report sug
Some employees say they are concerned layoffs could come ahead of vesting date for employee stock grants.
The world's richest man is calling himself "Chief Twit" after buying Twitter, but implies that he is not actually going to be its chief executive.
First, Elon Musk revolutionized the automobile industry, then he tackled space travel. By taking control of Twitter, the eccentric billionaire now wields a nearly untold level of influence.
The Information reported that Elon Musk took the decision about four top execs in an attempt to avoid payouts thought to total up to $122 million.
Twitter's new owner Elon Musk fired top executives in an effort to avoid hefty severance payouts, while lining up other layoffs as soon as Saturday to avoid stock grants due on Nov. 1, according to me
Musk completed the acquisition of Twitter on Thursday, drawing concern from critics who warn the deal could increase hate speech on the platform.
Elon Musk made good on his promise to buy Twitter for $44 billion, closing the transaction on Friday. However, turbulent times may be ahead, with huge layoffs reportedly scheduled for October 30.
Just in time for Elon Musk's purchase of Twitter for a cool $44 billion.
Cuts of the 7,500-person Twitter workforce have been expected after the billionaire's takeover of the social media giant.
The billionaire planned to begin layoffs as soon as Saturday, people with knowledge of the matter said.
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