July 02, 2026 06:40 pm (IST)

Make this your homepage

Foreign

India-US trade deal almost done! Piyush Goyal hints at breakthrough | Ram Mandir donation scam: Champat Rai points finger at his own driver | PM Modi welcomes Japanese PM Sanae Takaichi as India-Japan ties enter a new era | 'Not an isolated incident': India slams Pakistan after 125-year-old historic Gurdwara is demolished | Ram Mandir donation theft: Six accused were employed by Varanasi-based security firm, probe reveals | Ayodhya Ram Temple donation theft: Probe says majority of money was allegedly stolen during Kumbh Mela | Commercial LPG price slashed by Rs 183.50 from July 1; check new rates in Delhi, Mumbai, Kolkata and Chennai | Trump suffers major blow as US Supreme Court upholds birthright citizenship | Delhi-Mumbai Expressway horror: Passenger bus goes up in flames after fatal collision, 8 dead | 'Dharmendra Pradhan will be responsible if anything happens': CJP warns as Sonam Wangchuk's health worsens on day 3 of hunger strike

Twitter Layoff

Wikipedia Commons

Unfortunately there is no choice, tweets Elon Musk as he defends layoff

India Blooms News Service | @indiablooms | Nov 05, 2022, at 03:17 pm

Tesla Inc boss Elon Musk on Saturday defended the move of removing about half of Twitter's workforce by saying that he had 'no choice' as the company was losing more than $4m a day.

Musk tweeted: "Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day."

Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day.

Everyone exited was offered 3 months of severance, which is 50% more than legally required.
— Elon Musk (@elonmusk) November 4, 2022

"Everyone exited was offered 3 months of severance, which is 50% more than legally required," he said.

Yoel Roth, Twitter's head of safety and integrity, referred to the layoff issue and tweeted: "Yesterday’s reduction in force affected approximately 15% of our Trust & Safety organization (as opposed to approximately 50% cuts company-wide), with our front-line moderation staff experiencing the least impact."

Yesterday’s reduction in force affected approximately 15% of our Trust & Safety organization (as opposed to approximately 50% cuts company-wide), with our front-line moderation staff experiencing the least impact.
— Yoel Roth (@yoyoel) November 4, 2022

Musk recently took over Twitter in a $44bn.

In an internal email, the social media company earlier said the cuts are "an effort to place Twitter on a healthy path", reports BBC.The firm added that its offices would be temporarily closed and badge access would be suspended, the British media reported.

#ElonMusk #Twitter #TwitterLayoff

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.