Elon Musk’s Twitter Fires Companywide Employees | CNN Business

CNN Business — Twitter on Friday laid off departmental staff across the company with serious cost cuts that could turn its operations around a week after one of the world’s most influential platforms was acquired by billionaire Elon Musk. Numerous Twitter employees began posting on the platform that their company email accounts had already been locked ahead of planned layoff notices on Thursday night and Friday morning. Some even shared blue hearts and salute emoticons. By Friday morning, he had tweeted that Twitter employees from departments including Ethical AI, Marketing & Communications, Search, Public Policy, Wellness and Other teams had been fired. According to staff posts, members of the curation team that help increase credible information on the platform, including information about elections, have also been fired. “I just remotely logged out of my work laptop and removed from Slack,” one Twitter employee said on the platform. “It was so sad that it had to end like this.” Another employee said he and other members of the Twitter human rights team had been fired. The employee said, “I am proud of the team’s work to protect people at risk of global conflicts and crises, including in Ethiopia, Afghanistan and Ukraine, and especially the needs of those at risk of human rights violations. Media presence like journalists and human rights activists.” A fired Twitter employee told CNN he was relieved that some employees had been fired. The employee said, “It would have been a penalty for me to be safe.” During the posting, Musk attended a friendly interview at an investor conference on Friday, where he talked about his ambitions to build a cheaper electric car and go to Mars, in which he tweeted on Twitter that he was “trying to get out of the deal” and “the limitless potential.” I think there is… “I think we can become one of the most valuable companies in the world,” he added. The interviewer said Musk had fired “half of Twitter,” and Musk didn’t comment on the remarks but nodded. He said he, like other social media companies, before the acquisition as advertisers reconsider spending amid fears of a recession. Facebook marked the necessary layoff frames for companies experiencing “revenue issues.” Musk also said “many major advertisers stopped spending on Twitter” after the acquisition was completed. It’s unclear exactly how many Twitter employees will be laid off or will be laid off. Prior to Musk’s acquisition, Twitter had about 7,500 employees, as in recent days Musk rethinking how the platform operates and attempting to improve the company’s bottom line after raising significant debt financing to finance the $44 billion acquisition. There were reports that Twitter could cut 25% to 50% of its staff.An email sent on Thursday evening informed employees that they would receive notice of their employment status by Friday at 12:00pm EST. A copy of this obtained email said, “If your employment is not impacted, you will be notified via Twitter email.” “To ensure the safety of the Twitter system,” the company’s offices will be “temporarily closed and access to all badges will be suspended.” That night, several Twitter employees filed a class action lawsuit alleging that Twitter had already violated the Federal and California Worker Mediation and Retraining Notice Act (WARN Act) after firing some employees. The WARN Act requires employers with 100 or more employees to ” 60 days’ prior written notice must be given prior to mass layoffs “affecting 50 or more employees at a single location of employment.” Attorney Shannon Liss-Riordan, who filed the lawsuit “The world’s richest man, Elon Musk, has made it clear that he believes it is ‘trivial’ to comply with federal labor laws,” he said in a statement to The Times. “We have filed this federal complaint to hold Twitter accountable for our laws and to prevent Twitter employees from unwittingly waiving their rights.” The California Department of Employment and Development confirmed to CNN that there were no WARN notifications submitted by Twitter until noon on Friday. Musk began his tenure on Twitter by firing CEO Farag Agrawal and two other executives, according to two sources familiar with the decision. And less than a week after Musk took over the company, the company’s senior management appears to have been almost completely wiped out with layoffs and resignations. Musk also dismissed Twitter’s former board of directors. On Friday, many employees summed up their feelings with the hashtag #LoveWhereYouWorked, a past tense expression often used by Twitter employees. – Clare Duffy and Shawn Nottingham contributed to this report.

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