Elon Musk cut massive staff and took major decisions.
Another player Mastodon comes into the picture.
If the problems are not, the company can go bankrupt.
Owner’s Ambitious Plan
More than a couple of weeks after Elon Musk acquired Twitter, he rapidly took many bold decisions in order to compete aggressively with economic downturns. His ultimatum to employees to serve for “long hours” followed by the office closures and mass exit of staff is in the news.
Soon Elon Musk closed the Twitter deal for $44 billion, he fired the CEO Parag Agrawal, CFO Ned Segal and Head of Legal and Policy Vijaya Gadde. Gadde was the one who acted upon banning Former US President Donald Trump’s Twitter Account.
Few days ago, Twitter Inc. was sued due to Elon Musk’s decision to cut off over 3,700 jobs without providing any notice. This comes under the violation of Federal and California Law. Also, as per the Federal Worker Adjustment and Retraining Notification Act does not allow large sized compan
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