2 days ago
In the last couple of months, tsunamis of layoffs have hit the tech ecosystem. From Twitter to Meta, and then Amazon, the once glittering ecosystem where most young people desire to work is now facing a new threat.
Twitter has sacked roughly half its workforce as Elon Musk ended his first week as the company's new owner. Employees are responding with a class action lawsuit. Musk insists he had no other choice but to slash jobs.
Half of the social media giant's staff were reportedly laid off, some advertisers pulled their ads and US President Joe Biden said the platform "spews lies all across the world."
Cornet and four other Twitter employees had filed a lawsuit in California federal court on Friday accusing the social media company of violating federal and California laws requiring employers to give 60 days' notice before engaging in mass layoffs.
Smart algorithms can bundle and evaluate information at lightning speed, which helps determine what content is shown to users. This benefits apps like Shein and TikTok enormously.
Employees are bracing for bad news after receiving a memo about job cuts, with every second worker reportedly at risk of being laid off. Elon Musk has already fired top executives since buying the social media giant.