Elon Musk Twitter Employees Prepare For Layoffs

Elon Musk Twitter Employees Prepare For Layoffs

Employees braced for widespread layoffs on Twitter on Friday as new owner Elon Musk reviews the social platform. In a letter to employees obtained by multiple media outlets, the company said employees would find out by 9 a.m. Pacific Standard Time if they had been laid off. The email did not say how many people would lose their jobs. Some employees tweeted early Friday that they had already lost access to their work accounts. The email to staff said the job reductions were “necessary to ensure the company’s future success.” Twitter’s roughly 7,500 employees have been awaiting layoffs since Musk took over the company. Tesla’s billionaire CEO has already fired top executives, including CEO Parag Agrawal, on his first day as owner of Twitter. He also removed the company’s board of directors and installed himself as the sole member of the board. On Thursday night, many Twitter employees took to Twitter to express their support for one another, often simply tweeting blue heart emojis to represent Twitter’s blue bird logo, and emoji greetings in replies to each other. As of Thursday, Musk and Twitter had not given public notice of the upcoming layoffs. That’s despite the fact that the Worker Adjustment and Retraining Notification statute requires employers with at least 100 workers to disclose layoffs involving 500 or more employees, regardless of whether a company is publicly traded or privately owned. Barry C. White, a spokesman for the California Employment Development Department, said Thursday that the agency has not received any recent Twitter notifications. A class action lawsuit was filed Thursday in federal court in San Francisco on behalf of an employee who was fired and three others who had access to their work accounts blocked. He alleges that Twitter intends to lay off more employees and has broken the law by not providing the required notice. The layoffs come at a difficult time for social media companies as advertisers are downsizing and newcomers, primarily TikTok, threaten the older class of social media platforms like Twitter and Facebook. Meta Platforms Inc., the parent company of Facebook, recently posted its second quarterly revenue decline in history and its shares are trading at their lowest levels since 2015. Meta’s disappointing results followed weak earnings reports from the parent company. Google, Alphabet, and even Microsoft. Employees braced for widespread layoffs on Twitter on Friday as new owner Elon Musk reviews the social platform. In a letter to employees obtained by multiple media outlets, the company said employees would find out by 9 a.m. Pacific Standard Time if they had been laid off. The email did not say how many people would lose their jobs. Some employees tweeted early Friday that they had already lost access to their work accounts. The email to staff said the job reductions were “necessary to ensure the company’s future success.” Twitter’s roughly 7,500 employees have been awaiting layoffs since Musk took over the company. Tesla’s billionaire CEO has already fired top executives, including CEO Parag Agrawal, on his first day as owner of Twitter. He also removed the company’s board of directors and installed himself as the sole member of the board. On Thursday night, many Twitter employees took to Twitter to express their support for one another, often simply tweeting blue heart emojis to represent Twitter’s blue bird logo, and emoji greetings in replies to each other. As of Thursday, Musk and Twitter had not given public notice of the upcoming layoffs. That’s despite the fact that the Worker Adjustment and Retraining Notification statute requires employers with at least 100 workers to disclose layoffs involving 500 or more employees, regardless of whether a company is publicly traded or privately owned. Barry C. White, a spokesman for the California Employment Development Department, said Thursday that the agency has not received any recent Twitter notifications. A class action lawsuit was filed Thursday in federal court in San Francisco on behalf of an employee who was fired and three others who had access to their work accounts blocked. It alleges that Twitter intends to lay off more employees and has broken the law by failing to provide the required notice. The layoffs come at a difficult time for social media companies as advertisers are downsizing and newcomers, primarily TikTok, threaten the older class of social media platforms like Twitter and Facebook. Meta Platforms Inc., the parent company of Facebook, recently posted its second quarterly revenue decline in history and its shares are trading at their lowest levels since 2015. Meta’s disappointing results followed weak earnings reports from the parent company. Google, Alphabet, and even Microsoft.
[Con información de The Associated Press]
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