Nov 4, 2022
Twitter to make job cuts after Elon Musk takeover
Twitter says it will inform its staff on Friday about whether they will be laid off following the firm's takeover by Elon Musk. In an internal email, the social media company said the cuts are "An effort to place Twitter on a healthy path". Cryptocurrency platform Binance invested in Twitter as part of Mr Musk's takeover. Twitter's former head of global communications, in a BBC interview, questioned how Twitter could justify asking people to pay in order to remain on an "Equal playing field" with other users. As part of the takeover agreement, nine members of Twitter's board departed the company, leaving self-styled "Chief Twit" Mr Musk as the sole director.
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