Elon Musk Blames ‘activist Groups’ For Earnings Drop: Twitter is making widespread job cuts in an effort to save money, and Elon Musk has blamed “activist groups pressuring advertisers” for the company’s financial woes.
Yoel Roth, the company’s head of safety and integrity, has confirmed that “approximately 50%” of Twitter’s workforce has been cut.
Online safety groups and campaigners have expressed concerns about Mr Musk’s plans to relax content moderation on the platform. In a series of tweets, Mr Musk said he was “deleting Twitter” because it was “bad for my mental health”.
Twitter has been struggling to grow its user base and revenues in recent years, and the job cuts are a sign that the company is under pressure to cut costs. Mr Musk’s comments are likely to add to those concerns.
Twitter has announced widespread job cuts in an effort to save money, with CEO Elon Musk blaming “activist groups pressuring advertisers” for the company’s financial woes.
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