Friday with mass layoffs on Twitter

The message said that all employees will receive news this Friday morning when offices in California open, but did not specify how many will be affected.

According to The Washington Post, the company will lay off half of its approximately 7.500 employees.

“We recognize that some people who have made significant contributions to Twitter will be affected, but this action is unfortunately necessary to ensure the company's success in the future,” the company informed its employees.

The head of Tesla and SpaceX bought Twitter for US$44 billion and took control of the company last Thursday, after six months of upheaval in negotiations.

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Elon Musk offers US$44 billion to buy Twitter, says newspaper

According to the British newspaper Financial Times, Elon Musk has offered to buy Twitter for the original price of $44 billion, amid one of the most high-profile corporate legal battles in decades.

Musk immediately dissolved the Board of Directors, fired the CEO and other senior executives and launched new projects with goals to be met quickly. Several engineers reported having to sleep at their workstations some nights.

The tycoon called engineers from Tesla last Friday to supervise the work of Twitter employees.

“The ongoing dismissal process is a farce and a disgrace. The lackeys of Tesla they make decisions about people they know nothing about. It’s completely absurd,” wrote Taylor Leese, director of an engineering team who says he was fired.

Musk and Twitter lawyers debate three weeks before trial

Twitter lawyers and Elon Musk debated what the parties should bring to this Tuesday's unprecedented trial (27) regarding the US$44 billion purchase agreement for the social network that the tycoon failed to comply with. “Let’s put aside the rhetoric and get to the heart of the matter,” exclaimed Judge Kathaleen McCormick, after more than three hours of arguments presented at the preliminary hearing held virtually.

Elon Musk and Twitter: what are the next chapters of the negotiation?

Elon Musk opened a new chapter in the novelistic Twitter purchase operation last Monday (3). The billionaire proposed going ahead with the purchase of the social network – which he had already given up months after an agreement with Twitter's management. And now, what are the next steps in this negotiation?

(With AFP)