Elon Musk became the CEO of Twitter
Elon Musk became the CEO of Twitter, and the board of directors members was relieved.
Elon Musk, the world’s richest man who recently bought social media platform Twitter, has appointed himself as the company’s chief executive officer (CEO). At the same time, all nine members of the platform’s board of directors have also been appointed.
According to Twitter’s documents released on Monday, the British newspaper ‘Guardian’ has reported that the company will undergo a new reorganization, after which large-scale layoffs may also occur.
According to the newspaper, it may reduce the number of Twitter employees by a quarter.
The American newspaper “Washington Post” also cited information from sources close to Elon Musk and said they might initially lay off 25 percent of Twitter’s employees.
According to the ‘Washington Post, a document submitted by Twitter on Monday to the government department that oversees the financial affairs of private companies in the United States shows that Twitter is now fully controlled by Elon Musk after he removed the board of directors. The members of the directors have been discharged.
According to reports, some of the company’s employees will be laid off initially, including people from sales, products, engineering, legal, and safety departments. Many of these employees have very high salaries, nearly three hundred thousand dollars annually.
I should note that Elon Musk took over Twitter last week. Before that, they had been negotiating to buy the company for several months, while legal issues also arose.
Elon Musk has bought Twitter for $44 billion. He is also the owner of the most famous electric vehicle manufacturer ‘Tesla’ and the company that sends rockets into space ‘SpaceX.’
When Elon Musk took over Twitter, he fired several top executives, including chief executive Prag Agarwal, chief financial officer Ned Segal, and legal counsel and chief policy officer Vijay Gude.
According to Reuters, Elon Musk accused the individuals mentioned above of misrepresenting him and Twitter investors due to the number of fake accounts on the forum.
Twitter, Elon Musk, and executives have not officially commented on this.
According to the American newspaper ‘New York Times report, the number of Twitter employees is around seven and a half thousand. At the time Elon Musk was buying the social media platform, there were reports that he planned to cut the number of employees by 75 percent and possibly run the company with around 2,000 employees.
Also, it reported on Monday that Twitter users whose accounts have been verified and assigned a ‘blue tick’ would have to get a subscription that costs between $5 and $20 a month.
If the plan is implemented, customers who don’t pay will lose their ‘blue tick.’ However, the new management of Twitter has not issued any statement regarding this project.
However, Elon Musk issued a one-sentence statement yesterday that the entire process of user account verification on Twitter is being restructured.
We should note that Twitter launched a project called Twitter Blue last year, in which users who had taken the premium service of this social media platform for payment were also given the option to edit published tweets.
When Elon Musk started buying Twitter in April, he tweeted asking users if they wanted an edit button.
About 70 percent of people answered yes to Elon Musk’s survey.
We should note that the first tweet from the worldwide popular social media platform Twitter was made by its founder Jack Dorsey in March 2006.
He said that ‘I am busy making Twitter.’