Elon Musk's Twitter lays off employees across the company

Elon Musk's Twitter lays off employees across the company

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  • Here are the winners and losers 01:46 Now playing - Source: CNN Hear what Janet Yellen thinks of the US economy right now 02:55 Now playing - Source: CNN 'I did a bad job': Jim Cramer appears emotional as Meta stock plummets 01:40 Now playing - Source: CNN Business CNN Business — Twitter on Friday laid off thousands of employees in departments across the company, in a severe round of cost cutting that could potentially upend how one of the world’s most influential platforms operates one week after it was acquired by billionaire Elon Musk.
  • Simon Balmain, a former Twitter senior community manager who was laid off Friday, said in an interview with CNN that he lost access to Slack, email and other internal systems around 8 hours before receiving an email Friday morning officially notifying him that he’d been fired.
  • During the interview, Musk said of Twitter, “I tried to get out of the deal,” but then added, “I think there is a tremendous amount of potential … and I think it could be one of the most valuable companies in the world.”

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