A few days in the past, Musk-led Twitter fired half its workforce, together with about 200 workers 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. Nevertheless, a number of stories recommend that the tech mogul has taken a mortgage of about $13 billion to accumulate Twitter, and the curiosity exceeds $1 billion per yr, which additionally explains why Twitter is so desperate 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 workers in India.
Union IT Minister condemns layoffs at Twitter
In a public assertion, Vaishnaw stated, “We condemn the way in which Twitter has sacked workers in India.” As talked about earlier, Twitter fired about 200 of its workers in India on the identical day it laid off half its workforce by means of e mail. Moreover, Vaishnaw says that Twitter ought to have given the workers a “honest time to transition.” By honest time to transition, Vaishnaw may very well be referring to the discover interval workers are given if their firm has to put them off. Nevertheless, per Musk, all these fired got three months of severance.
Twitter India fired workers from a number of departments, together with advertising, gross sales, content material curation to company communications. They misplaced entry to the corporate’s official Slack channel and their official e mail handle. Whereas a couple of Indian workers nonetheless work for the corporate, they concern they might meet the identical destiny eventually. In a associated improvement, Twitter has seen a large drop in its complete promoting income, which occurs to be its major supply of earnings.
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