Mr. Musk, who completed a $44 billion deal to buy Twitter on Thursday, has ordered the cuts across the company, with some teams to be trimmed more than others, said three of the people, who declined to be identified for fear of retaliation. The scale of the layoffs could not be determined. Twitter has around 7,500 employees.
Based on Musk saying that 75% of jobs could go, this could be one of those “Could last employee laid off please turn off the lights” situations” as you have to wonder who would be left to run the platform.
Speaking of leaving, because of the sudden rise of hate speech since Musk took over Twitter, it appears that some are deciding to leave the platform because of that:
On Twitter, some users who accused the platform of muzzling them have been triumphant about the new ownership, while others have worried that the site will be overrun by hate speech and misinformation. Some users — such as the star producer Shonda Rimes, the “This Is Us”executive producer Ken Olin and the “Billions” showrunner Brian Koppelman — tweeted that they would leave the social media platform now that it was run by Mr. Musk.
Other Twitter users expressed concern over a surge of hate speech being reported on the platform since Mr. Musk took control. The National Basketball Association star LeBron James pointed to a report by the Network Contagion Research Institute, a private group that studies the spread of ideological content online, which said that the use of a racial slur on Twitter had increased by nearly 500 percent in the 12 hours after Mr. Musk’s deal was finalized.
“I don’t know Elon Musk and, tbh, I could care less who owns twitter,” Mr. James tweeted. “But I will say that if this is true, I hope he and his people take this very seriously because this is scary.”
Musk should pay attention. If people leave a platform that depends on advertising for revenue for income, then advertisers won’t want to pay up and that will leave Twitter in a position where they simply won’t be able to pay the bills. And Musk will reconsider his life choices shortly after that. I have to admit that I am reconsidering having my blog cross post to Twitter if he allows any racist or misinformation peddler onto the platform. And some of my peers are doing the same. That’s not a good look for Musk. But I suspect he’s too wrapped up in his delusions of grandeur to really see the damage that he’s causing.