Posted: Post Date – 10:19AM, Sat – Nov 5th
Tesla’s billionaire owner tweeted that “activists” who have expressed concerns about how Twitter is being moderated are “trying to undermine free speech in America.”
Washington: Tesla CEO Elon Musk has defended his decision to lay off Twitter employees, saying the microblogging site is losing more than $4 million a day.
Elon Musk said of Twitter: “Regarding the layoffs at Twitter, unfortunately, when the company is losing more than $4 million a day, there is no choice. Everyone who quits gets a 3-month severance package, That’s 50% more than required by law.” “To be clear again, Twitter’s strong commitment to content moderation has absolutely not changed. In fact, we’ve actually seen hate speech drop at times this week *lower than* our previous The norm, it’s the opposite of what you see in the media, he added.
Twitter employees were notified in an email on Friday that layoffs would begin, according to an unsigned internal memo seen by The Verge. Musk is expected to cut about half of Twitter’s roughly 7,500 employees.
The entrepreneur closed its $44 billion acquisition of Twitter last week, the same day he fired several of the company’s top leaders, including CEO Parag Agrawal.
Musk has already said he will lay off employees at Twitter, telling employees at a town hall meeting this summer that the social network needs to “rationalize headcount.”
Meanwhile, referring to the new changes to the microblogging site, Musk tweeted, “To be clear again, Twitter’s strong commitment to content moderation has absolutely not changed. In fact, we actually saw hate this week. Speech sometimes falls *below* our previous norm, contrary to what you see in the media.” Earlier, Elon Musk, who completed the $44 billion Twitter acquisition and controls the microblogging platform (Elon Musk) accuses “activist groups of pressure on advertisers” for a “significant drop in revenue” as the company “has seen a significant drop in Twitter’s revenue.” Revenue, despite no change in content moderation as activist groups pressure advertisers, we do everything we can to appease activists. Extreme chaos! They are trying to destroy free speech in America,” Musk said in a tweet.
The billionaire owner of Tesla tweeted that “radicals” who expressed concerns about how Twitter was being moderated were “trying to undermine free speech in America.”
