Social Media

Twitter Close Offices Temporarily as Layoff Begins

Twitter just laid off nearly all its staff in India. The microblogging platform sacked 180 out of 230 staff it had in the Asian country.

Published

1 year ago

November 5, 2022

Investors King

Twitter Incorporated has temporarily closed its offices ahead of the much-taunted layoff which will affect half of the company’s workforce.

Report has it that the company has also cut worker access to the internal system after informing employees that they would be notified by email if they were laid off or not.

In an email sent to staff yesterday, Twitter stated that it would notify employees of their employment status by 9 am Pacific Time on Friday (5:00 PM Nigerian Time).

The memo which was sent to staff partially read, “In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday.”

If your employment is not impacted, you will receive a notification via your Twitter email. If your employment is impacted, you will receive a notification with the next steps via your personal email, the memo added.

Investors King earlier reported that Elon Musk plans to sack 3,700 which represents half of Twitter’s workforce in a bid to drive down costs.

Musk had hinted at a possible layoff in early October 2022. He has stated in a question and answer (Q&A) session with Twitter staff that he plans to “rationalise headcount”.

However, a number of Twitter employees have filed class action lawsuits against Twitter, while brands have threatened to halt paid advertisements on the platform due to the company’s new policies.

The class action lawsuit which was filed on Thursday against Twitter queried why the company will conduct mass layoff without providing the required 60 days advance notice. They argue that the action violates both Federal and California law.

Furthermore, Volkswagen has joined a growing list of companies that have suspended or threatened to suspend paid advertisements on Twitter.

Meanwhile, a report which just came in shows that Twitter just laid off nearly all its staff in India. The microblogging platform sacked 180 out of 230 staff it had in the Asian country.

Multiple sources confirmed that the layoff was spread across several departments. From content curation to sales and social marketing team.

Up Next

Twitter Co-Founder and CEO, Jack Dorsey Takes Responsibility For Mass Layoff

Don't Miss

Elon Musk Lament Massive Revenue Drop as Activists Call For Twitter Boycott

Investors King

Comments

Social Media

Elon Musk Envisions X as the Future of Your Financial Life

Published

1 month ago

October 27, 2023

Samed Olukoya

Tech visionary Elon Musk unveiled his vision for X, aiming to transform it into the epicenter of people’s financial worlds by the end of 2024.

Musk’s plan transcends mere payment solutions, targeting nothing short of the complete financial ecosystem, including money and securities. “You won’t need a bank account,” he affirmed.

X, led by CEO Linda Yaccarino, sees this as an ambitious opportunity that could reshape the financial landscape as we know it.

Musk expressed his unwavering commitment to the cause, stating, “It would blow my mind if we don’t have that rolled out by the end of next year.”

This ambition traces back to Musk’s dot-com-era online bank, X.com, which later evolved into PayPal. Musk aims to take a page from his earlier playbook, hoping to outshine PayPal with a more comprehensive approach.

The platform’s offerings are set to include high-yield money market accounts, debit cards, checks, and loan services. Musk’s endgame? An ecosystem that empowers users to send money worldwide instantly and in real-time.

However, this transformation is not without its challenges. Elon Musk must convince users of the necessity of such an all-encompassing platform while gaining their trust with their financial lives.

The vision of X as an “everything app” resonates with the rise of super apps like WeChat in China, which provide users with access to a myriad of services, from shopping to transportation.

As X positions itself to revolutionize the financial industry, Musk’s audacious endeavor promises to change the way we handle money, potentially eliminating the need for traditional banking as we know it.

The world watches with bated breath to see if Musk’s bold vision will become a reality.

Social Media

WhatsApp Introduces Dual Account Feature, Enabling Users to Sign Into Two Accounts

Published

1 month ago

October 19, 2023

Temitayo Olukoya

WhatsApp has introduced a groundbreaking innovation that promises to redefine the user experience.

This new feature allows individuals to simultaneously manage two WhatsApp accounts on a single device, eliminating the need for dual phones.

The eagerly anticipated announcement was made by Mark Zuckerberg, Facebook’s CEO, who assured Android users that this feature will soon grace their screens.

Gone are the days of juggling multiple WhatsApp accounts, a task that often required carrying two separate devices. While tech giants like Xiaomi and Oppo had previously introduced app cloning features for multiple WhatsApp instances, WhatsApp’s integrated approach sets a new standard for seamlessness.

This innovation is poised to be a game-changer for users who navigate both personal and professional realms on this ubiquitous messaging platform.

Cumbersome login-and-logout routines and the perpetual concern of messaging from the wrong account will soon be a thing of the past, replaced by a newfound ease of multitasking.

Activating this feature is a straightforward process. Users need only navigate to the ‘Settings’ menu and select ‘Add Account.’ During setup, a second phone with a SIM card or a device supporting eSIM technology is required to unlock the full potential of multi-SIM functionality.

WhatsApp ensures that each account can have its own customized notification and privacy settings, preserving data integrity and personalization.

In addition to the dual account feature, WhatsApp recently introduced passkey support for Android, enhancing security by providing an alternative to SMS-based two-factor authentication.

This latest advancement underscores WhatsApp’s dedication to user convenience, connectivity, and digital identity security, setting the stage for a more organized and efficient way of communication.

Social Media

X Takes on Bots: New Zealand and Philippines Users Pay $1 Subscription

Published

1 month ago

October 19, 2023

Temitayo Olukoya

X, formerly known as Twitter, has embarked on a bold initiative to combat the growing menace of bots and spammers on its platform.

The company, now owned by Elon Musk, recently rolled out a new subscription plan in New Zealand and the Philippines, requiring new users to pay a mere US$1 per year for access to essential functions like tweeting, replying, retweeting, and liking.

The move, dubbed ‘Not A Bot,’ is designed to fortify X’s ongoing efforts to curb spam, manipulation, and bot activity. New users in these countries must first verify their phone numbers and then pay the nominal fee to post, like, reply, repost, quote posts, and bookmark.

Those who opt out of subscribing will be restricted to “read-only” actions, such as reading posts, watching videos, and following accounts.

Elon Musk, who has been at the helm of X, explained the rationale behind this strategy. Bots, he noted, are inexpensive to set up, costing only a fraction of a penny.

By imposing a nominal fee, X aims to deter bot operators and make it more challenging for them to create multiple accounts.

This move is a part of Musk’s broader vision for transforming X into an all-encompassing app, including payment services.

Musk has been exploring alternative revenue sources as ad revenue declined by 60% due to advertiser boycotts and concerns over content management.

As the ‘Not A Bot’ program unfolds, it holds the potential to revolutionize the fight against bots and spammers, making social media a safer and more authentic space for users. X is eager to assess the program’s effectiveness and may consider expanding it to all users in the future.