Up to half of employees may lose their jobs.
After Elon Musk took over Twitter this week, he took over as CEO of the company, fired his predecessor and chief financial officer, and two heads of the legal division, according to Bloomberg. The case may not be limited to this, as the new head of the social network ordered that lawyers begin to prepare a massive reduction in staff.
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According to preliminary data, it will not be as large-scale as early rumors attributed (up to 75% of the state), but in some cases, Twitter structures may lose half of their employees. Specialists who are responsible for legal support of the company’s activities and moderation of published information turned out to be at risk. At the same time, the billionaire declares the protection of freedom of speech on Twitter, but without spreading hatred. For content moderation, a special council will be created, the members of which will have to hold different views, as Elon Musk made clear. European officials have hinted that Musk’s Twitter will be forced to adhere to the requirements of local laws in the field of information dissemination.