Twitter Cuts Costs
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Twitter's Head of Trust and Safety Ella Irwin Says She Has Resigned
Twitter's head of trust and safety, Ella Irwin, told Reuters on Thursday that she has resigned from the social media company, which has faced criticism for lax protections against harmful content since billionaire Elon Musk acquired it in October.
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Twitter Could Be Cash Flow-Positive By Next Quarter After Aggressively Cutting Costs, Elon Musk Says
Twitter has a chance to become cash flow-positive by the next quarter, CEO Elon Musk said on Tuesday. The company has been marked by chaos and uncertainty since the acquisition by Musk, after multiple rounds of layoffs and other measures to cut costs. Twitter also faces annual interest payments of about $1.5 billion as a result of the debt it took ...
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Twitter Lays Off Dozens, Some Learnt Through Email, Some Couldn't Log In
Twitter Inc. laid off more workers late Saturday in a fresh wave of cuts meant to curb costs at the social networking company now owned by Elon Musk.
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Facebook Parent Meta Plans Another Round of Job Cuts, May Lay Off Over 1,000 Employees: Report
Facebook-parent Meta Platforms is planning a fresh round of job cuts in a reorganisation and downsizing effort that could affect thousands of workers, the Washington Post reported on Wednesday. Last year, the social media company let go 13 percent of its workforce — more than 11,000 employees — as it grappled with soaring costs and a weak adv...
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"Basically, You're In A Plane That...": Elon Musk On Twitter Cost Cuts
Elon Musk on Wednesday said that severe cost cuts at Twitter had repaired the company's dire finances as he set out to find a new CEO for his troubled social media platform.
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Elon Musk Says Twitter on Track to Be "Roughly Cash Flow Break-Even" in 2023
Elon Musk said Twitter is now on track to be "roughly cash flow break-even" next year, as the billionaire owner defended his deep cost-cutting measures at the social media platform. Twitter was previously tracking toward a "negative cash flow situation of $3 billion (nearly Rs. 24, 870 crore) per year" before the cost cuts, Musk said on Wednesday w...
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Elon Musk's Latest Move To Cut Costs At Twitter: Skip Rent, Auction Office Supplies
Twitter hasn't paid rent on its San Francisco location or any of its global offices for weeks.
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Elon Musk's Newest Cost-Cutting Measure To Avoid Twitter's "Bankruptcy"
Elon Musk's cost cutting measures at Twitter, to keep at bay the dark cloud of bankruptcy that looms over social media giant, now includes refusing to reimburse vendors expenses worth "millions of dollars" incurred before his takeover.
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HP to Lay Off 6,000 Employees in Next Three Years in Cost Cutting Plan
Hewlett Packard (HP) plans to cut thousands of jobs over the next three years as the slumping world economy continues to embroil the US tech sector. With the layoff of as many as 6,000 employees, the global PC maker said it aimed to secure $1.4 billion in annual savings through 2025.
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Elon Musk Asks Staff to Opt for 'Extremely Hardcore' Twitter or Take Severance Package
Elon Musk sent an email to Twitter's remaining staff asking them to opt to stay on for "working long hours at high intensity" or take a severance package of three months' pay. Twitter's new CEO also said that the platform would be "much more engineering-driven" under his leadership, adding that "those writing great code will constitute the majority...
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Meta to Lay Off More Than 11,000 Employees in One of Biggest US Job Cuts in 2022
Meta said on Wednesday it will let go of 13 percent of its workforce, or more than 11,000 employees, in one of the biggest tech layoffs this year as the Facebook parent battles soaring costs and a weak advertising market. The firm said it would pay 16 weeks of base pay plus two additional weeks for every year of service as a part of the severance ...
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Elon Musk Takeover: Twitter India Said to Start Laying Off Staff as Part of Global Job Cut
Twitter India layoffs are said to have begun on Friday as the world's biggest microblogging client began job cuts as part of Elon Musk's attempts to reduce costs at the company. Must has now started a massive exercise to downsize the company's global workforce, and the firm is expected to lay off over half of its 7,500-strong workforce, according t...
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Elon Musk Said to Order Twitter to Cut Infrastructure Costs by $1 Billion in 'Deep Cuts Plan'
Elon Musk is said to have directed Twitter's teams to cut up to $1 billion in annual infrastructure costs, as part of a 'Deep Cuts Plan' that could result in the service going down during high-traffic events like the US midterm elections. Twitter is said to be aiming to find up to $3 million (roughly Rs. 24 crore) a day in savings from servers and ...
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Elon Musk Orders Twitter To Cut Infrastructure Costs By $1 Billion: Report
Elon Musk has directed Twitter Inc's teams to find up to $1 billion in annual infrastructure cost savings, raising concerns that Twitter could go down during high-traffic events like the U.S. midterm elections.
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Elon Musk Plans To Cut Half Of Twitter Jobs To Slash Costs: Report
Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc., or half of the social media company's workforce, in a bid to drive down costs following his $44 billion acquisition, according to people with knowledge of the matter.
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Twitter's Head of Trust and Safety Ella Irwin Says She Has Resigned
Twitter's head of trust and safety, Ella Irwin, told Reuters on Thursday that she has resigned from the social media company, which has faced criticism for lax protections against harmful content since billionaire Elon Musk acquired it in October.
-
Twitter Could Be Cash Flow-Positive By Next Quarter After Aggressively Cutting Costs, Elon Musk Says
Twitter has a chance to become cash flow-positive by the next quarter, CEO Elon Musk said on Tuesday. The company has been marked by chaos and uncertainty since the acquisition by Musk, after multiple rounds of layoffs and other measures to cut costs. Twitter also faces annual interest payments of about $1.5 billion as a result of the debt it took ...
-
Twitter Lays Off Dozens, Some Learnt Through Email, Some Couldn't Log In
Twitter Inc. laid off more workers late Saturday in a fresh wave of cuts meant to curb costs at the social networking company now owned by Elon Musk.
-
Facebook Parent Meta Plans Another Round of Job Cuts, May Lay Off Over 1,000 Employees: Report
Facebook-parent Meta Platforms is planning a fresh round of job cuts in a reorganisation and downsizing effort that could affect thousands of workers, the Washington Post reported on Wednesday. Last year, the social media company let go 13 percent of its workforce — more than 11,000 employees — as it grappled with soaring costs and a weak adv...
-
"Basically, You're In A Plane That...": Elon Musk On Twitter Cost Cuts
Elon Musk on Wednesday said that severe cost cuts at Twitter had repaired the company's dire finances as he set out to find a new CEO for his troubled social media platform.
-
Elon Musk Says Twitter on Track to Be "Roughly Cash Flow Break-Even" in 2023
Elon Musk said Twitter is now on track to be "roughly cash flow break-even" next year, as the billionaire owner defended his deep cost-cutting measures at the social media platform. Twitter was previously tracking toward a "negative cash flow situation of $3 billion (nearly Rs. 24, 870 crore) per year" before the cost cuts, Musk said on Wednesday w...
-
Elon Musk's Latest Move To Cut Costs At Twitter: Skip Rent, Auction Office Supplies
Twitter hasn't paid rent on its San Francisco location or any of its global offices for weeks.
-
Elon Musk's Newest Cost-Cutting Measure To Avoid Twitter's "Bankruptcy"
Elon Musk's cost cutting measures at Twitter, to keep at bay the dark cloud of bankruptcy that looms over social media giant, now includes refusing to reimburse vendors expenses worth "millions of dollars" incurred before his takeover.
-
HP to Lay Off 6,000 Employees in Next Three Years in Cost Cutting Plan
Hewlett Packard (HP) plans to cut thousands of jobs over the next three years as the slumping world economy continues to embroil the US tech sector. With the layoff of as many as 6,000 employees, the global PC maker said it aimed to secure $1.4 billion in annual savings through 2025.
-
Elon Musk Asks Staff to Opt for 'Extremely Hardcore' Twitter or Take Severance Package
Elon Musk sent an email to Twitter's remaining staff asking them to opt to stay on for "working long hours at high intensity" or take a severance package of three months' pay. Twitter's new CEO also said that the platform would be "much more engineering-driven" under his leadership, adding that "those writing great code will constitute the majority...
-
Meta to Lay Off More Than 11,000 Employees in One of Biggest US Job Cuts in 2022
Meta said on Wednesday it will let go of 13 percent of its workforce, or more than 11,000 employees, in one of the biggest tech layoffs this year as the Facebook parent battles soaring costs and a weak advertising market. The firm said it would pay 16 weeks of base pay plus two additional weeks for every year of service as a part of the severance ...
-
Elon Musk Takeover: Twitter India Said to Start Laying Off Staff as Part of Global Job Cut
Twitter India layoffs are said to have begun on Friday as the world's biggest microblogging client began job cuts as part of Elon Musk's attempts to reduce costs at the company. Must has now started a massive exercise to downsize the company's global workforce, and the firm is expected to lay off over half of its 7,500-strong workforce, according t...
-
Elon Musk Said to Order Twitter to Cut Infrastructure Costs by $1 Billion in 'Deep Cuts Plan'
Elon Musk is said to have directed Twitter's teams to cut up to $1 billion in annual infrastructure costs, as part of a 'Deep Cuts Plan' that could result in the service going down during high-traffic events like the US midterm elections. Twitter is said to be aiming to find up to $3 million (roughly Rs. 24 crore) a day in savings from servers and ...
-
Elon Musk Orders Twitter To Cut Infrastructure Costs By $1 Billion: Report
Elon Musk has directed Twitter Inc's teams to find up to $1 billion in annual infrastructure cost savings, raising concerns that Twitter could go down during high-traffic events like the U.S. midterm elections.
-
Elon Musk Plans To Cut Half Of Twitter Jobs To Slash Costs: Report
Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc., or half of the social media company's workforce, in a bid to drive down costs following his $44 billion acquisition, according to people with knowledge of the matter.
