80 percent of Twitter’s full-time staff have evaporated under Musk

80 percent of Twitter’s full-time staff have evaporated under Musk

Elon Musk was not lying last October when he said Bloomberg that 75 percent of the employees of his newly acquired toy, Twitter.com, would not lose their jobs under his ownership, as the washington post had reported at the time. Turns out it’s closer to 80 percent. Of the roughly 7,500 people who worked there before the Musk takeover, CNBC reports Friday that barely 1,300 total, and fewer than 550 full-time engineers, remain in the shell of a company, either due to such layoffs or voluntary resignations.

CNBC it also notes that 75 employees are currently on leave, 40 of whom are engineers, while the Trust and Safety team, which oversees the moderation of the site’s content, has been reduced to fewer than 20 full-time employees. This news comes at the end of a seemingly relentless series of missteps since Musk announced an unsolicited $44 billion offer to buy the social media site last April.

In addition to firing everyone who was uninsured, Musk has reinstated numerous far-right and fascist accounts that had previously been permanently banned without so much as a second look at the “moderation board” he was supposed to set up. It has made critical operating decisions based on Twitter polls, and that’s after trying to walk out of the deal to buy Twitter in the first place due to false complaints about the prevalence of bot users and how easy it is to fool Twitter polls.

He has used the banhammer to silence critics ranging from journalists to college students. Musk has brought in employees from his other unrelated companies, including members of the SpaceX and Tesla teams; and fired employees for questioning his business acumen. His $8 blue check verification scheme has been haltingly implemented while ad revenue is down 40 percent as advertisers seek to escape his sinking ship. His first interest payment on the $13 billion debt he leveraged to buy Twitter, which today is valued at around $15 billion, is due at the end of the month.

But Twitter isn’t the only company shedding staff like water from a wet dog’s coat. Google laid off 12,000 employees this week, Amazon laid off 18,000 people worldwide and Microsoft cut 10,000 positions. Between the three of them, they have put some 70,000 people out of work in the last year alone.

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