Everything you need to know about big tech’s ‘digital layoff’ spree - The Fact Factory

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Thursday, 15 December 2022

Everything you need to know about big tech’s ‘digital layoff’ spree


Elon Musk is progressing plans to slim down Twitter since he bought the 396 million-member platform for US$44 billion (£38 billion) on October 27. Musk’s deal has taken Twitter private, dissolved the platform’s board and enhanced his unilateral power as CEO. But mass redundancy announcements made since he took control have been scrutinized globally. Musk’s plans to restructure Twitter began with laying off top executives, before notifications were emailed to around half of the Twitter global workforce that they were being made redundant or that their jobs were at risk. In a memo to staff, Musk defended the firings as…

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