A few days in the past, Musk-led Twitter fired half its workforce, together with about 200 staff in India. As per Musk himself, the explanation behind the layoffs is that the microblogging platform is working on a lack of $4M every day, roughly equal to Rs. 32 crores. Nonetheless, a number of stories counsel that the tech mogul has taken a mortgage of about $13 billion to amass Twitter, and the curiosity exceeds $1 billion per yr, which additionally explains why Twitter is so desirous to roll out the brand new Blue subscription for $7.99 a month. However, amidst the chaos, Union IT Minister of India, Ashwini Vaishnaw, has criticised Twitter’s resolution to fireplace its staff in India.
Union IT Minister condemns layoffs at Twitter
In a public assertion, Vaishnaw stated, “We condemn the best way Twitter has sacked staff in India.” As talked about earlier, Twitter fired about 200 of its staff in India on the identical day it laid off half its workforce via e mail. Moreover, Vaishnaw says that Twitter ought to have given the workers a “honest time to transition.” By honest time to transition, Vaishnaw could possibly be referring to the discover interval staff are given if their firm has to put them off. Nonetheless, per Musk, all these fired got three months of severance.
Twitter India fired staff from a number of departments, together with advertising and marketing, gross sales, content material curation to company communications. They misplaced entry to the corporate’s official Slack channel and their official e mail deal with. Whereas just a few Indian staff nonetheless work for the corporate, they worry they might meet the identical destiny ultimately. In a associated growth, Twitter has seen an enormous drop in its whole promoting income, which occurs to be its main supply of earnings.
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