Big Tech Is Firing Employees by the Thousands. Why? and How Worried Should We Be?

Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle recently hasn’t been dominated by the latest gadget or innovation. Instead, layoffs are in the headlines. In the last year, more than 70,000 people globally have been laid off by Big Tech…

Elon Musk Considers Raising $3 Billion to Pay Off Part of Twitter Debt: Report

Elon Musk’s team has been exploring using as much as $3 billion in new fundraising to help repay some of the $13 billion in debt tacked onto Twitter for his buyout of the company, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. According to the…

Elon Musk Says Twitter Has 2,300 Active Employees, Refutes Report of 75 Percent on Workers Being on Leave

Twitter has about 2,300 active employees, Elon Musk said in a Tweet on Saturday. CNBC on Friday reported that Twitter’s full-time headcount has reduced to about 1,300 active, working employees, including fewer than 550 full-time engineers by title. About 75 of the company’s 1,300 employees are on leave including about…

Elon Musk Takes Witness Stand, Defends 2018 Buyout Tweets in Tesla Shareholder Trial

Elon Musk took the witness stand Friday to defend a 2018 tweet claiming he had lined up the financing to take Tesla private in a deal that never came close to happening. The tweet resulted in a $40 million (roughly Rs. 323 crore) settlement with securities regulators. It also led…

Twitter Updates Developer Terms to Ban Third-Party Clients Like Tweetbot, Twitterific

Twitter has silently updated its developer terms to ban all third-party clients on the platform. The firm’s 5,000-word developer agreement was reportedly updated with a stipulation prohibiting “use or access the Licensed Materials to create or attempt to create a substitute or similar service or product to the Twitter Applications.”…

Tesla Shareholders Claim Elon Musk Will Get Fair Trial in ‘Funding Secured’ Lawsuit in California

Tesla shareholders argued it would be unfair to move the trial to Texas as requested by Musk, who has outraged many in Northern California with the steep job cuts he ordered at Twitter, a San Francisco company he bought in October. “What they refer to as ‘biased’ coverage is, in…

Twitter to Have Easy Swipe, Bookmark Button as Part of UI Overhaul, Elon Musk Says

Elon Musk has announced several changes to the Twitter interface per since he has taken up the leadership. In the latest announcement, Musk has notified that the users will soon be able to swipe right or left to scroll between recommended and followed tweets. The Tesla and SpaceX CEO referred…

Twitter Restores Suicide Prevention Hotline, Other Safety Features for Users

Twitter Inc has restored a feature that promotes suicide prevention hotlines and other safety resources to users looking up certain content, after coming under pressure from some users and consumer safety groups over its removal. Reuters reported on Friday that the feature was taken down a few days ago, citing…

Elon Musk Says Twitter on Track to Be “Roughly Cash Flow Break-Even” in 2023

Elon Musk said Twitter is now on track to be “roughly cash flow break-even” next year, as the billionaire owner defended his deep cost-cutting measures at the social media platform. Twitter was previously tracking toward a “negative cash flow situation of $3 billion (nearly Rs. 24, 870 crore) per year”…