I have no choice..! $4 million loss daily..!? Elon Musk laments..?
While Elon Musk has bought
twitter, he is taking a number of drastic steps. Especially since almost 50% of employees have already been laid off. Many advertisers have stopped advertising on Twitter. Elon Musk has said that the company is operating at a loss due to this.
volkswagen AG, General Motors, Pacer Inc, and United
airlines have already stopped advertising on Twitter.
Should Elon Musk continue to advertise on
twitter following his takeover of Twitter? Want to spend on this? Along with the acquisition of
twitter, Elon Musk also made a positive announcement for advertisers. He won't let anyone turn
twitter into a free show. It also looks set to take strict action against those who violate its anti-violence rules.
He also said
twitter wants to be the world's most respected advertising platform where advertisers can strengthen their brand and grow their advertising company. He also invited all those who have partnered with his company to continue working with him. Meanwhile, on his
twitter page, Musk said that after the first layoffs, he was seeing losses of more than $4 million a day. He also said that he have no choice. In this dismissal of Elon Musk, the employees who were working in the departments including engineering, communications, products, content curation, and machine learning are said to be the most affected by this dismissal.
Shannon
raj Singh, Twitter's executive head of human rights, also tweeted that the company's entire human rights team had been fired. In
india also there are reports that the marketing department and teams in the IT department have been fired. Not only this but also many important officers, high officials, and many departmental employees have been fired and almost 50% of
people have been fired.