First Tweet After Elon Musk's Twitter Layoff: 'If the company loses, you have no choice 2022
The new head of Twitter, Elon Musk, has defended his decision to lay off almost 50% of the company's workforce. The billionaire claimed the company was losing money as several advertisers suspended ad spending on Twitter. Volkswagen, General Motors, Pfizer and United Airlines are the main brands that have suspended advertising on Twitter. Companies are under increasing pressure to decide whether to continue using Twitter after Musk took over the company last week and introduced sweeping changes, including content moderation. Shortly before taking over the social media business last week, Musk promised advertisers that he would not allow Twitter to become a "free-for-all hell," a sign that people who break its rules about violence or misinformation related to Covid will bear the consequences. . Musk has also blamed the losses on a coalition of civil rights groups that has been pressing Twitter's top advertisers to take action if he did not protec...