Twitter’s takedown has hit India hard, with many employees receiving email notifications informing them of their future with the company. The layoffs include all departments, including engineering, sales and marketing, and communications.
It is unclear how many employees have been laid off. It comes as part of a global restructuring initiated by its new chief Elon Musk. However, multiple reports suggest that the company is looking to cut 50 percent of its workforce – meaning close to 7,500 employees. Last week, Musk let go of C-suite executives, including Like Agrawal (ex-CEO), Ned Segal (ex-CFO), and Vijaya Gadde (former head of legal policy).
The company’s recent filing with the Securities and Exchange Commission confirms that, with Musk appearing as the sole board member. However, he said that the new setup is ‘temporary.’
Executive editor of a media firm TV9 Network Aditya Raj Kaul said that a big reshuffle is happening at Twitter India. He said many employees were laid off from the communications, marketing, and policy teams. “Big bloodbath in Twitter India after Elon Musk took over the company. Some unconfirmed reports say that more than 50 percent of Indian employees have been laid off,” he added.
However, these remain unverified; Recent reports say that most of Twitter India’s employees have been laid off across departments.
According to a report, Twitter has laid off an estimated 180 of its 230 employees in India. Sadly, the fired employees were not given advance notice, and most woke up to regain their slack and email access. The company said all employees will receive an email informing them of their status with the company. While some are still waiting for a response, those who have been laid off have not yet been notified of the severance pay they may receive.
Many took to Twitter to show solidarity or express dismay about being fired from the organization.
Read: The Bird is Freed
Twitter Layoffs Explained
Talks of widespread downsizing have started since Elon Musk, CEO of Tesla Motors, took control of Twitter. Musk referred to the potential layoff of 50 percent of employees. A few days ago, Musk met with a group of advisors to discuss the matter of Twitter layoffs.
Following the layoffs, a lawsuit was filed against Twitter in US District Court in San Francisco for violating the law requiring 60 days’ notice of mass layoffs.
In his latest tweet posted a few hours ago, Musk also said that Twitter has experienced a massive drop in revenue, with advertisers quitting the platform after a new moderation policy was announced. content will be placed. The structural changes at Twitter have been costly to every party involved. It is not yet known what the future holds for Twitter.
Ever since Musk became the head of Twitter, the company has been in the news for both the right and wrong reasons. A few days ago, Twitter announced a monthly charge of $8 for a ‘verified’ tick on the platform. This move by Twitter was made to reduce reliance on advertisements and move towards a sustainable monetization model.