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Elon Musk To Attend First Company-Wide Twitter Meeting

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As the Twitter and Elon Musk deal sits in limbo, the Tesla CEO will attend a virtual all-hands meeting with employees this week. . This marks the first time Musk will directly address Twitter staff after he committed to purchasing the platform for $44 billion.

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Twitter Faces Lawsuit Over Millions in Unpaid Bonuses

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What’s going on: Twitter is facing a lawsuit filed by its former senior director of compensation, Mark Schobinger, who claims the company failed to pay millions of dollars in promised bonuses to workers, according to Reuters. Twitter is one of the large tech companies that underwent massive layoffs this year.

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Meta Preps for the Launch of New Twitter Competitor: Threads

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What’s going on: Meta, the parent company of Facebook and Instagram, is set to launch a new platform “Threads” this Thursday, according to CNBC. The timing of the launch arrives when there is growing user frustration over recent changes implemented at Twitter.

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Twitter Lays Off 10% Of Its Workforce 

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Last week, the company’s internal messaging service, Slack, had been switched off, which hindered workers’ ability to talk with each other or search for company data. Farewells were posted on Twitter by those that had been laid off, and the remaining employees used encrypted messaging services verify who was still employed.

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Twitter Accused Of Legal Violations During Mass Layoffs, Again

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What’s going on: In a move to reduce costs, Elon Musk’s purchase of the social media platform Twitter resulted in the laying off of nearly 3,700 staff members (nearly half of the company’s employees) back in early November. Subsequently, hundreds more chose to resign.

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Twitter Fires Two Of Its Top Leaders

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Twitter CEO Parag Agrawal has announced that two of the company’s leaders have been fired. . Kayvon Beykpour, General Manager of Consumer, and Bruce Falck, Revenue Product Lead, originally joined the company when Twitter acquired live video streaming app Periscope in 2015. .

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Twitter Faces Second $500M Lawsuit Over Severance Pay Amidst Allegations of Age Discrimination

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What’s going on: Twitter Inc. is facing its second lawsuit within a month that claims that the company owes over $500 million in severance pay to former employees, according to Reuters.

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