After the takeover by American multi-billionaire Elon Musk, the online service Twitter started firing employees on Friday.
According to a company-wide email obtained by the AFP news agency, employees will be notified at the beginning of business hours whether they will remain with the company. According to reports from the Washington Post and the New York Times, about half of Twitter’s 7,500 employees will lose their jobs.
The announcement came as no surprise to Twitter employees. Musk took over Twitter in late October after months of bickering and immediately fired the head of the SMS service, Parag Agrawal, and other senior executives.
Musk is under pressure to refinance $44 billion purchase following Twitter acquisition. In addition to his own fortune, he has taken out bank loans and brought in other investors.
According to a report in the New York Times, he owed Twitter some of the costs, totaling about $13 billion. As a result, about a billion dollars in interest would be owed annually, more than Twitter has received in a year so far. (sda/afp)
Source: Watson
I am Dawid Malan, a news reporter for 24 Instant News. I specialize in celebrity and entertainment news, writing stories that capture the attention of readers from all walks of life. My work has been featured in some of the world’s leading publications and I am passionate about delivering quality content to my readers.
On the same day of the terrorist attack on the Krokus City Hall in Moscow,…
class="sc-cffd1e67-0 iQNQmc">1/4Residents of Tenerife have had enough of noisy and dirty tourists.It's too loud, the…
class="sc-cffd1e67-0 iQNQmc">1/7Packing his things in Munich in the summer: Thomas Tuchel.After just over a year,…
At least seven people have been killed and 57 injured in severe earthquakes in the…
The American space agency NASA would establish a uniform lunar time on behalf of the…
class="sc-cffd1e67-0 iQNQmc">1/8Bode Obwegeser was surprised by the earthquake while he was sleeping. “It was a…