Elon Musk Announces Total Twitter Restructuring
(LibertySociety.com) – Ever since billionaire Elon Musk finalized his purchase of Twitter in late October, the social media platform has seen quite a few changes. The new business owner fired a significant number of staff members, including top executives, and incorporated a way for ordinary people to buy a blue checkmark, which blew up in a ridiculous fashion.
On November 16, Musk revealed while testifying in a trial over Tesla issues, Twitter would soon undergo a “fundamental organization restructuring.” The CEO also said he’s looking for someone else to take over the reins of the business.
Elon Musk says he expects to reduce his time at Twitter and eventually find a new leader to run the social media company, adding that he hopes to complete an organizational restructuring this week https://t.co/5rVSvpK6cK pic.twitter.com/6H1BDxADmm
— Reuters (@Reuters) November 16, 2022
Although he let go of about half of the workforce at the social media company, those who are left will now have a tough decision to make. Musk sent out a communication to employees that they needed to either commit to a “new hardcore Twitter” or accept three months of severance and leave the company altogether. Those who remain would be working “long hours at high intensity.”
Musk stated his original intent when buying the platform was to promote a balanced free speech environment. To that focused goal, he also added he intends to “build a breakthrough Twitter 2.0” that will survive in a competitive digital environment. He aims to build up his coding team to accomplish the task.
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