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Elon Musk claims Twitter was on the verge of collapse, with 1,500 staff members

by Ruslan Burak
July 3, 2023
in Technology
2 min read
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Twitter CEO Elon Musk said on Wednesday that the social media The company is “roughly par,” like most companies of Her advertisers and aggressiveness returned cost-cutting The efforts began to bear fruit after the mass layoffs.

in an interview with BBC broadcast live on Twitter Spaces Twitter has about 1,500 employees now, Musk said, which is sharp decline from “just Less than 8,000 employees” kissed took He. She over in October.

Twitter has been marked by chaos and uncertainty since Musk’s $44 billion acquisition, such as his layoffs also It included many engineers responsible for Sources told Reuters that the repair and prevention of service outages.

Last week, Twitter suffered a bug that blocked thousands of Users from accessing links, SF has a major disruption from the outset of the yearaccording to the Internet watchdog group Netblocks.

Musk acknowledged some glitches, including recent outages, but said they were short-lived.

he says Twitter was in $3 billion negative cash The situation flowed and had to take drastic measures, referring to large-scale layoffs.

“We can be cash, that’s a positive flow quarter If all goes well.” in interview that attracted over 3 million listeners adding company currently It has a large number of users at all.

It was Twitter hit enormously decline in advertising since its acquisition.

Musk said it was because of rotating nature of Advertising spending, some of that was “political”. However, he said on Wed the most of Advertisers are back.

Billionair who also runs electronic car It doesn’t have it, Tesla maker and rocket company SpaceX said one in Manea succeeds him as CEO of Twitter.

musk faced Audit from Tesla investors about how Lots of time spent running social media Platform and finish has already been said of this year Will be “good timing “to find a new CEO of Twitter.

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