Twitter Revamps Structure: Musk Introduces Staff Reductions and Monetized Accounts
Headline:Elon Musk's Twitter Takeover: Job Cuts, Paid Verified Accounts, and a Shift in Work Culture
Subhead:Gripping insight into Twitter's sea change under its new CEO
Here's what's happening, y'all: Elon "Chief Twit" Musk doesn't mess around. Since taking the reigns of this beloved social media giant, reports suggest he's planning a major overhaul, and it ain't pretty for the twitterati. Rumors of mass layoffs are on everyone's lips, with insiders claiming up to half the workforce could be axed to cut costs. The $44 billion acquisition deal has Catfish Creek running through the Twitter staff.
The latest chopping block are the top executives—Parag Agrawal, the ex-CEO, was among the first to go. Musk and his posse allegedly considered slashing the workforce by a whopping 75%, but Musk denies those numbers are the real deal. That said, the billionaire has been hinting at job cuts for weeks, and around 3700 workers are expected to be shown the door by this Friday.
But wait, there's more: it seems the Twitter office will once again become a home away from home for staff. Yep, Musk and his crack team have decided to nix the work-from-anywhere policy, with remaining employees required to clock in the office after the layoffs.
Now, if you thought that was the end of the drama, buckle up. On Monday, Musk caused a stir by announcing that verified accounts will soon set you back a cool $8 a month. That's right—you'll have to fork over eight bucks a month for that coveted blue checkmark that once guaranteed your account's authenticity. But don't worry, if you already sport a blue badge, you've got a grace period before you have to fork over the dough or they snatch your badge away.
Musk hasn't let critics slow him down, though. He's quick to throw shade at naysayers, tweeting, "To all the complainers, please continue to whine, but it'll cost $8." So, grab your wallets, folks—Elon Musk ain't messing around!
[Sidebar]Insider's TipLooking for a Twitter alternative? Bluesky (now boasting 35 million users) is gaining steam and has supporters whispering it could be Twitter's closest competitor yet. Give it a whirl and see if it's the change you've been craving!
- Elon Musk, now known as 'Chief Twit', has been planning significant changes at Twitter, with rumors of up to half the workforce facing layoffs.
- The billionaire Musk is introducing a paid verification system for Twitter accounts, charging $8 per month for the blue checkmark once guaranteeing authenticity.
- Musk's takeover of Twitter has also seen the end of the work-from-anywhere policy, with employees expected to return to the office post-layoffs.
- As Musk continues his technology-driven overhaul of Twitter, some are turning to alternatives such as Bluesky, a social media platform gaining popularity with over 35 million users.
