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Elon Musk Fires Janitors & Closes Offices – The End of Twitter?

By iPad Pete Leave a Comment

The news of Twitter’s drastic cost-cutting measures and layoffs has sent shockwaves throughout the tech world.

CEO Elon Musk has closed offices, cut janitorial staff, and ended contracts. These cost-cutting measures come as the company faces increasing debt payments and a reduction in advertising revenue.

In this blog post, we explore what these changes mean for Twitter’s future and whether it is a sign that the end of Twitter might be near.

Twitter has shuttered its Sacramento data center, laid off security and cleaning personnel in New York, and sacked janitors at its San Francisco headquarters. They have reduced their workforce by roughly 75%. 

Elon Musk’s financial crash diet is leaving a terrible taste in the mouths of the company’s employees. A monthly report and a warning from Fidelity Contrafund showed that as of November, the Blue Chip Growth Fund had about $8.63 million in Twitter.

The recalculation comes as Twitter is dealing with several challenges. Most of the challenges resulted from inconsistent management decisions, such as an exodus of advertisers from the network. Macroeconomic developments are likely to bear some of the responsibility.

However, Twitter’s ambiguous post-Musk policies haven’t helped matters. After the firm cut back on cleaning services, some Twitter employees started bringing their own toilet paper to work.

Twitter is vigorously promoting its Twitter Blue plan, intending to make it a more significant profit generator. Still, third-party data reveals it’s been sluggish to take off. According to the New York Times, CEO Elon Musk has aimed to cut $500 million in non-labor expenditures.

It is clear that Twitter is facing financial difficulties due to its current management. And the cost-cutting measures taken by Elon Musk are a reflection of this.

With such drastic moves being made to try and save money, it begs the question of whether or not Twitter will be able to remain afloat in the coming years.

It remains to be seen what direction the company will take. These latest developments have certainly put a cloud over its future.

Related Posts:

  1. Outage After Elon Musk’s Makes Changes to Twitter DownDetector says that Twitter has fixed the problem that caused a widespread outage earlier on Wednesday. For many users, the website behaved strangely for over five hours. About an hour after 7 p.m....
  2. Twitter Sued: Elon Skips Out on Rent & Jet Fees Twitter’s struggles continue as the company faces a lawsuit for failing to pay rent on its San Francisco office space. The owner of the building that houses Twitter’s headquarters, California...
  3. Elon Musk Sets New World Record (And It’s Not a Good Thing) Elon Musk has been making headlines recently for an impressive feat he has achieved, though it is not one that anyone would expect from the renowned business magnate and tech...
  4. MySpace Creator Tom Wants To Be The Next CEO of Twitter Social media mogul Tom Anderson, the creator of MySpace, has thrown his hat into the ring to become the next CEO of Twitter. After Elon Musk announced earlier this year...

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