Elon Musk has said he had “no choice” after sacking around 50% of Twitter’s staff. Musk, who took over Twitter in a $40bn deal, said Twitter was losing money everyday.
The axed employees span the entire globe and all departments. There are now concerns about content moderation on the platform with a reduced level of staff.
Companies have also suspended their advertisements on Twitter, and Elon Musk has announced plans to charge $8 a month for verification.
Here is some useful vocabulary to help you understand Twitter sacking 50% of employees!
Vocabulary From The News!
To sack /sak/ – dismiss from employment
Twitter owner Elon Musk said he had “no choice” after sacking 50% of the companies employees
To take over
Take over – assume control of something
Musk took over Twitter recently in a $44bn deal
Severance /ˈsɛv(ə)r(ə)ns/ – dismissal or discharge from employment
Musk defended his decision, claiming all employees were offered 3 months severance pay
Span /span/ – extend across (a period of time or a range of subjects)
The job cuts span the globe and all of Twitter’s departments
Moderation /mɒdəˈreɪʃ(ə)n/ the action of making something less extreme, intense, or violent
There are concerns that Twitter’s content moderation staff could be reduced
To axe /aks/ – cut or strike with an axe, especially violently or destructively
Many of the axed employees found out they lost their jobs on Friday
Revenue /ˈrɛvənjuː/ – income, especially when of an organization and of a substantial nature
Most of Twitter’s revenue comes from advertising, but major companies are unsure about advertising with Musk in charge
To verify /ˈvɛrɪfʌɪ/ – make sure or demonstrate that (something) is true, accurate, or justified
Elon Musk plans to increase revenue by charging $8 a month for verified status (and the blue tick)
Who do you think of Elon Musk?
Try using this vocabulary to make some sentences in the comments!
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