Since completing the $44 billion transaction and taking control of Twitter in October of this year, billionaire Elon Musk has announced a number of changes at the microblogging platform. A general amnesty for suspended accounts, $8 for a blue tick, and other modifications are among the changes.
After the new “Twit Chief” promised a “hardcore” work ethic at the company, Twitter’s overall workforce has been reduced by a sizable amount either through job layoffs or resignations.
According to slides from a business presentation that owner Elon Musk tweeted and were cited by Bloomberg News, Twitter Inc. is hiring. This comes following a cost-cutting campaign that saw a sizable number of jobs terminated after the billionaire acquired the social networking site.
“We are recruiting” the first slide read with no further details. Musk did not say when he gave the talk about the slide. He has undertaken a dramatic restructuring that initially cut the firm’s headcount in half, Bloomberg reported.
The presentations that quoted data as of mid-November show that reported impersonations and impressions of hate speech on the social networking site have decreased. Additionally, it demonstrated that new user signups are at an all-time high, averaging more than 2 million per day for the seven days preceding November 16.
Musk stated in a subsequent tweet that he believes Twitter will surpass 1 billion monthly users in 12 to 18 months.
“Advertising as Entertainment, Video, Encrypted DMs, Longform Tweets, Relaunch Blue Verified, Payments,” the slides further read with the caption ‘Twitter 2.0 – The Everything App’.
Following job layoffs, the microblogging business allegedly contacted several of these dismissed workers and requested that they come back, explaining that they had been fired by “mistake.”
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