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08
Wed, May

Facebook Parent Meta Plans To Lay Off Thousands Of Workers

Meta Platforms Inc. is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal (WSJ) reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Meta declined to comment on the WSJ report. Facebook parent Meta in October forecasted a weak holiday quarter and significantly more costs next year wiping about $67 billion off Meta's stock market value, adding to the more than half a trillion dollars in value already lost this year.

Twitter To Suspend Impersonation Accounts

Twitter Inc., the micro-blogging and social networking platform has announced that it would suspend accounts of users impersonating celebrities, etc if the Twitter account is not clearly labeled as ‘parody’. This was made known on Monday in a series of tweets from the verified account of the world’s richest person and the company’s new Chief Executive Officer (CEO), Elon Musk.

Twitter Verification Fee: Elon Musk Reduces Charge To $8/Month

The new owner of Twitter Inc., Elon Musk has announced that the monthly verification charge for users with blue tick certification will be $8 per month. Musk, the richest person in the world, made this announcement following his initial proposed $20 per month charge, which he announced not less than 48 hours after acquiring Twitter in a $44 billion deal.

2023 Census: NPC Launches e-Recruitment Portal

In preparation for the 2023 Population and Housing Census, the National Population Commission (NPC) has officially launched its e-recruitment portal for ad-hoc staff for the exercise. The Commission stated that it is expecting not less than 25 million applications for the vacant jobs, adding that the portal has already been tested during the Pre-test and Trial census. This was disclosed during a meeting on Monday at the NPC’s headquarters in Abuja by its Chairman, Alhaji Nasir Isa-Kwarra, who stated that majority of the ad-hoc personnel would be recruited from the communities where they are resident.

Elon Musk Commences Mass Layoffs At Twitter

The new owner of the bird application social media platform, Elon Musk has revealed they will be mass layoffs in the company. Noting that employees are set to receive a mail regarding this employment status justifying their job status. According to Musk, the laying off is in a bid to reduce the company's workforce of 7,500 and also kicking off his wholesale overhaul of the company, “Team, In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday,” according to multiple versions of the email obtained by The Washington Post. “We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is, unfortunately, necessary to ensure the company’s success moving forward.”

Elon Musk Dissolves Twitter's Board Of Directors

Elon Musk has dissolved twitter's board of directors cementing his control over the social media platform after completing his $44 billion acquisition. All previous members of the board have been removed from their roles leaving him as the sole director of Twitter. The board dissolution followed the removal of former Twitter CEO Parag Agrawal and other top executives of the tech company.

Elon Musk Closes $44bn Twitter Deal, Fires Top Executives

Tesla CEO and the world’s richest man Elon Musk, has fired several top Twitter executives after officially taking control of the company and completing his $44bn (£38.1bn) deal Thursday evening, according to US media and an investor in the firm. Mr. Musk tweeted "the bird is freed", an apparent reference to the deal. A source with knowledge of the matter told FOX Business that Twitter CEO Parag Agrawal, CFO Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety were fired. Musk had accused the three of misleading him and investors over the number of fake accounts on the platform.

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