Washington: Billionaire businessman Elon Musk has completely bought Twitter and has now started laying off employees. Meanwhile, US President Joe Biden has reacted strongly to the purchase of Twitter by Elon Musk. President Joe Biden said that Elon Musk has bought Twitter, the social media platform that spreads lies around the world.
According to the news agency Reuters, US President Joe Biden has expressed concern over Elon Musk’s purchase of Twitter. He said that we are all concerned that Elon Musk has bought an organization (Twitter) that tells lies around the world. There is no editor in America anymore. How do we expect children to be able to understand what is at stake?
Twitter lays off employees
Meanwhile, Elon Musk has started laying off staff from Twitter. Twitter has fired most of its employees in India as part of a plan to reduce the workforce globally. Prior to this layoff, the company had more than 200 employees working in India. Regarding the ongoing layoffs at Twitter, the company’s chief Elon Musk has said that he had no other option. He has stamped the news of layoffs on Twitter. Musk tweeted on Saturday about reducing Twitter’s labor force, “When the company is facing a loss of $ 4 million (over Rs 32 crore) every day, then unfortunately there are not many other options left.” People have also been asked to leave the company, they have been given 3 months’ salary which is 50 percent more than the legal requirement.
Elon Musk becomes the boss of Twitter for $ 44 billion
Actually, Elon Musk has bought Twitter after completing a $ 44 billion deal. Elon Musk, the world’s famous billionaire and chief executive officer (CEO) of the electric car maker, now has command of the world’s most influential social media platform i.e. Twitter. In the past, Elon Musk fired its Chief Executive Officer (CEO) Parag Agarwal, Chief Financial Officer (CFO) Ned Segal, and top legal affairs officer Vijaya Gadde soon after completing a $ 44 billion deal for the acquisition.
