Elon Musk plans to cut up to half of Twitter workforce via IrishTimesBiz
On Wednesday, Mr Musk announced one such project: Twitter plans to offer a premium $8 a month subscription service that will verify users, boost the visibility of their posts and allow them to see fewer advertisements.
At the end of last week, he overhauled the management team, firing executives including Twitter chief Parag Agrawal. He brought in a small group of trusted advisers, including his personal lawyer Alex Spiro and venture capitalist David Sacks, to help him assess how to run the company. The cost-cutting measures come as Mr Musk faces concerns from advertisers, the source of a majority of Twitter’s revenues, who worry that his plans to loosen content moderation rules on the platform will lead to a rise in inappropriate content.
In one email sent to a media agency this week and seen by the Financial Times, Twitter asked brands to “bear with us as we move through this transition”, adding that it had not changed its content moderation policies and sought to be “warm and welcoming to all”.
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