The charismatic Tesla owner Elon Musk's acquisition of Twitter is a stormy tale full of twists and turns.
The job cuts will include the teams responsible for Alexa as well as retail & HR department.
The move — the first and drastic one — in Facebook parent’s 18-year history came amid its struggle to contain soaring costs from its push into the metaverse amid a weak advertising market
Tech companies are laying off hundreds of employees and freezing hiring processes in response to concerns about the economy and future financial uncertainty. Stripe will slash 14% of its employees or 1,000 jobs, while Lyft will cut 13% of its staff or nearly 700 jobs.
Elon Musk will tell employees by email on Friday about whether they have been laid off, temporarily closing its offices and preventing staff access, following a week of uncertainty about the company's future under him.
As per reports, Musk told investors that he 'would take Twitter private, reduce its workforce, roll back its content moderation rules and find new revenue streams.
Twitter has just seen ‘brutal firings’. Is more ‘bloodbath’ coming?