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In 2021, Twitter posted revenue of $5 billion.
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Elon Musk’s Twitter registered 7,500 employees in 2021.
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The company laid off about 50 percent of the workforce after Musk’s arrival.
The controversy that has left the acquisition of Twitter, by Elon Musk, continues to generate negative comments. Recently, it was revealed by a report that Twitter employees bring their own toilet paper to the office, following Musk’s radical cost-cutting measures at the company.
On October 27, the CEO of Tesla confirmed, after a long novel, the purchase of the blue bird social network, and prior to that confirmation the staff was nervous due to fear of mass layoffs. A reality that intensified when he took the reins of the company and fired the CEO, Parag Agrawal, the financial director, Ned Segal and Vijaya Gadde, director of legal affairs.
Let’s remember that Elon Musk made the purchase of Twitter for 44 billion dollars and that the social network registers, According to its report data, in the past fiscal period, that its total worldwide revenue amounted to more than 5 billion US dollars, compared to the three thousand 720 million dollars of the previous year.
Panorama on Twitter
It was revealed on Friday that some of Twitter’s remaining employees have reportedly started bringing their own toilet paper to the office as Elon Musk implements radical cost-cutting measures at the company.
According to the reportMusk’s struggle to save money included a move this month to abruptly lay off to the janitors who worked at the company’s headquarters in San Francisco. The cuts came after janitors went on strike for more pay.
Likewise, according to the New York Times, which has cited sources familiar with the matter, all this is due to the absence of the concierges, has “left the office in disarray”, with bathrooms that have become “dirty” and lingering “takeout leftovers and body odor” odors.
The report says that some employees are bringing their own toilet paper because there are no janitors available to replace supplies.
Let’s remember that Musk has allegedly threatened Twitter employees on two floors while closing four more.
Other budget-conscious moves included a decision by Musk to shut down one of Twitter’s data centers in Sacramento, California, despite reported concerns among some employees that it could harm site performance.
On Christmas Eve, Musk tweeted that Twitter it kept working “even after I took one of the more sensitive server racks offline.” The site experienced a widespread outage on Thursday, though its exact cause is still unclear.
The report also says that Twitter failed to pay rent on its San Francisco offices and completely stopped paying rent on its building in Seattle, where it is now facing evictions. The company also laid off cleaners and some security personnel at one of its New York buildings.
In addition, the Musk-led company has reportedly lost or delayed payments to some providers, including account firm KPMG and benefits provider Carrot. Twitter’s new leadership is said to aim to renegotiate some of the deals to cut costs.
According to the New York Times, Musk has rebuffed some Twitter employees with a “no-nonsense, erratic style” of leadership. Twitter’s CEO has ordered his subordinates to identify the employees responsible for leaking details about the company’s operations to the press.
In total, Musk is reportedly trying to cut $500 million in non-employment expenses from Twitter’s budget, according to the outlet.
The billionaire has been open about Twitter’s financial woes since he bought the company for $44 billion in late October. Earlier this month, Musk argued that his various cuts were necessary to avoid a $3 billion budget deficit.
“This is why I spent the last five weeks cutting costs like crazy,” Musk said during a Twitter Spaces event last week.
With this new information, the new directive of the little bird’s social network continues to generate controversy, drawing the attention of everyone in the world.
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