Twitter says company-wide layoffs are not in the plans
Twitter Inc is not looking at company-wide layoffs but could likely continue to restructure the business, the social media company said in a filing on Wednesday.
The filing comes a day after Twitter sued Tesla Inc Chief Executive Elon Musk for violating his $44-billion deal to buy the company and asked a Delaware court to order the world’s richest person to complete the merger at the agreed $54.20 per Twitter share. Twitter also said on Wednesday it sent Musk a formal request to approve two tailored employee retention programs in June, but he has not provided his consent.Twitter employees have expressed widespread concern about Musk taking over the company because of his preferences for cutting headcount and other costs, decreasing content moderation and limiting remote work.
In May, the company said it would pause hiring and review all existing job offers to determine whether any “should be pulled back.” Our Morning Update and Evening Update newsletters are written by Globe editors, giving you a concise summary of the day’s most important headlines.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Twitter hits back at Musk, says no deal obligations breachedTwitter says it did not breach its obligations, plans to file lawsuit against Elon Musk
Read more »
Microsoft cuts some jobs, but plans more hiringThe company said the layoffs were not spurred by the worsening economic picture
Read more »
Microsoft cuts some jobs, but plans more hiringThe company said the layoffs were not spurred by the worsening economic picture
Read more »
30 Times Dads Shamelessly Took Their Jokes To A Whole New Level, As Shared On This Twitter Account (New Pics)30 Times Dads Shamelessly Took Their Jokes To A Whole New Level, As Shared On This Twitter Account (New Pics) dadjokes jokes
Read more »
Twitter hits back at Musk, says no deal obligations breachedLegal experts say the 16\u002Dyear\u002Dold social media company has a strong legal case against Musk, but could opt for a renegotiation or settlement.
Read more »
Twitter hits back at Musk, says no deal obligations breachedLegal experts say the 16\u002Dyear\u002Dold social media company has a strong legal case against Musk, but could opt for a renegotiation or settlement.
Read more »